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Designated Depository
Library of Washington University
St. Louis, Mo.
ANNUAL HE PORT
/ 4Z. /
OF THE
TO THE
FIRST SESSION OF THE FIFTIETH CONGRESS
THE UNITED STATES.
DECEMBER 1, 1887.
WASHINGTON:
GOVERNMENT PRINTING OFFICE.
1887.
8770
Treasury Department,
Document No. 1046, 1st ed.
Comptroller of the Currency.
TABLE OF CONTENTS.
(A fall index will be found at page 365 of this volume.)
REPORT.
Page.
Report submitted to Congress 1
Requirements of section 333, Revised Statutes of the United States, in detail, as to Comp-
troller’s report 1
Summary of the state and condition of every national bank reporting during the year 2
Statement of national banks closed during the year , 3
Suggestions as to amendments to the laws by which the system may be improved 4
New national-bank code 12
Legal decisions affecting organization, operations, and dissolution of national banks. 38
Reference to digest of national-bank cases in the Appendix 38
Suggestion as to interstate commercial code 38
State banks, savings banks, private banks, and loan and trust companies 38
Resources, liabilities, and condition thereof 40-44
Distribution, number, and average par value of shares of stock 45
Names and compensation of officers and clerks in the office of the Comptroller of the Cur-
rency 46
Organization and expenses of the office 47, 48
Number and value of items representing clerical work in the office 49
Comparative statement of the number of banks organized, and number and compensation of
officers and clerks 1 50
Number of national banks organized in each State and Territory during the year, with capital,
bonds, and circulation 51
Statement of banks failed during the year, th%ir capital, surplus, and liabilities 52
Causes of failure 52-55
Organization of national banks 55
Conversion of State banks 56, 57
Number of national banks of primary organization, number in voluntary liquidation, and num-
ber insolvent 58
Extension of corporate existence of national banks 59-61
Table showing distribution of national -bank stock 62-65
Circulating notes 66
Minimum of bonds required by going banks 66
Minimum of bonds and maximum of circulation 66
Bonds deposited and minimum required, and percentage of excess deposited by banks organized
since July 1, 1882 66
Interest-bearing funded debt of the United States, and amount held by national banks 67, 68
Course of redemption of 3 per cent, bonds 69-72
Security for circulating notes 73
United States bonds of all classes held 73
Comparison of amounts for five years 73
Decrease in national-bank circulation 74
Number and capital of national banks by geographical divisions, bonds deposited, minimum,
excess, and percentages 75
Increase and decrease in capital and circulation 76
Banks without circulation 76
Dissolution - 77
Number of banks which have passed into voluntary liquidation and into the hands of receivers 77
Banks closed during the year 77
Inactive receiverships 77,78
Dividends paid to creditors of insolvent national banks during past year 79
Amounts collected from assessments on shareholders 79
III
IV TABLE OF CONTENTS.
Page.
Issues and redemptions during the year 80
Additional circulation on bonds 81
Issues of national-bank notes 82
Process of redemption of national-bank notes 82
Five per cent, redemption fund 83
Receipts and deliveries by national-bank redemption agency 84, 85
Amount and mode of payment of national-bank notes redeemed 86
Redemption of circulation of insolvent national banks 87
Lawful money deposited 88
National-bank notes received monthly for redemption by Comptroller of the Currency 89
Amount destroyed yearly since establishment of the system 89
Supervision of national banks 90
Powers of the Comptroller of the Currency, and recommendations 90-92
Examinations of national banks, and areas covered by individual examiners 92
Reports of national banks, and treatment by office 93
Compendium of capital, surplus, undivided profits, circulation, bonds, deposits, loans and dis-
counts, specie, etc., 1866-1887 93
Classification of loans in reserve cities 94
In New York City for five years 95
Twenty-five cities having largest amount of capital 96
Provisions of law governing reserve 96-100
Amount of reserve, and ratio of deposits, New York City, reserve cities, and States and Territo-
ries 100, 101
Clearing-house transactions 102
Kinds of money, and amount used in settlement of balances 104
New York Clearing-House transactions for thirty-four years 103
Clearing-house transactions of the assistant treasurer of the United States in New York 103
Comparative statements of clearing-houses in the United States 104, 105
Movement of reserve, weekly, in New York City 106
Increase and decrease in exchanges and balances of the cleai ing-houses of the United States. 107
Duties, assessments, and redemption charges 107
State taxation of national banks 108
Recent decision of the Supreme Court of the United States 109-118
Conclusion 118-128
APPENDIX.
Contents of digest of national-hank cases 131
Digest 133
Digest of recent decisions in hanking law ^ 155-
Propositions to amend existing law for improvement in system received from various sources. . 165
Estimated population of each State and Territory, aggregate capital, surplus, undivided profits,
and individual deposits of national and other banks Juno 1, 1887, and per-capita averages of
resources 175
Number of banks organized, in liquidation and in operation, capital, bonds, circulation issued,
redeemed, and outstanding 176-
National-bank currency issued, redeemed, arid outstanding 177'
Number and denominations of national-bank notes issued and redeemed 178-
Increase or decrease of national-bank circulation ISO-
Additional circulation issued and lawful money deposited to retire circulation 181
National-bank notes outstanding, nnd lawful money on deposit with the Treasurer of the
United States 182
National banks in States, Territories, and reserve cities, their capital, minimum amount of
bonds required by law, bonds held, and circulation outstanding 183
National banks in each State, Territory, and reserve city, with capital of $150,000 and under,
and with capital exceeding $150,000 185
Number of national banks in each State, Territory, and reserve city, with a capital of $250, 000
and under, and those with a capital exceeding $250,000 187-185
National banks in voluntary liquidation under sections 5220 and 5221, Rovised Statutes 191-199-
National banks in voluntary liquidation under sections 5220 nnd 5221, Revised Statutes, fortlio
purpose of organizing now associations 200-
National banks in liquidation under section 7 of the act of July 12, 1882 202:
National bauks in liquidation under section 7 of the act of July 12, 1882, succeeded by associa-
tions with the same or different title 203
National banks in the hands of receivers 204-216
Liabilities cf national banks, and reservo required 217-228
TABLE OF CONTENTS.
V
Page.
Average weekly deposits, circulation, and reserve of national banks in New York City 2?9
State of the lawful-money reserve 230
Dividends and earnings of national banks 234-243
Ratios of dividends and earnings to capital and to capital and surplus 244
Classification of loans and discounts of national banks 246
Clearings and balances of banks in New York City 247
Abstract of reports of condition of State banks, savings banks, private banks, loan and trust
companies, official and unofficial 249
Report of condition of the National Savings Bank of the District of Columbia 295
Distribution by States, Territories, and geographical divisions, number and average par value
of shares of stock of State, savings, private banks, and loan and trust companies 296
Aggregate resources and liabilities of national banks from 1863 to 1887 299
Summary of the state and condition of national banks on dates of reports during the past year. 319
G-eneral index 365
Condition of each national bank at close of business October 5, 1887 VoL II
t
s
I
REPORT
OF
THE COMPTROLLER OF THE CDRRENCY.
Treasury Department,
Office of Comptroller of the Currency,
Washington , December 1, 1887.
Sir : In obedience to law, I have the honor to submit a report for the
year ending October 31, 1887, exhibiting—
First. A summary of the state and condition of every association from
which reports have been received the preceding year, at the several
dates to which such reports refer, with an abstract of the whole amount
of banking capital returned by them, of the whole amount of their
debts and liabilities, the amount of circulating notes outstanding, and
the total amount of means and resources, specifying the amount of
lawful money held by them at the times of their several returns.
Second. A statement of the associations whose business has been
closed during the year, with the amount of their circulation redeemed
and the amount outstanding.
Third. Suggestions as to amendments to the laws relative to bank-
ing by which it is thought the system may b'e improved.
Fourth. A statement exhibiting under t appropriate heads the re-
sources and liabilities and condition of the’ banks, banking companies,
and savings banks organized under the laws of the several States and
Territories, such information being obtained by the Comptroller from
the reports made by such banks, banking companies, and savings
banks, to the legislatures or officers of the different States and Terri-
tories, and where such reports could not be obtained, the deficiency
has been supplied from such other authentic sources as were available.
Fifth. The names and compensation of the clerks employed in the
office of the Comptroller of the Currency, and the whole amount of
the expenses of the banking department during the year.
This is the twenty-fifth annual report of the Comptroller of the Cur-
rency.
8770 CUR 87 1
1
2 REPORT OF THE COMPTROLLER OF THE CURRENCY.
FIRST.
Summary op the State and Condition of Every National Bank Reporting
During the Year Ending October 31, 1867.
December 23.
March 4.
May 13.
August 1.
October 5.
2,875 hanks..
2,909 banks.
2,955 banks.
3,014 banks.
3,049 banks.
RESOURCES.
Loans and discounts.
$1,464.360,246. 61
$1,509,251,355.97
$1,553.708,029. 05
$1,553.751,437. 12
$1,580,045,647. 14
Overdrafts
5,997,434.52
6.273,318.70
6,523,781. 08
6,620,303. 93
7,503,486. 62
U. S. bonds to secure
circulation
228,184,350.00
211,537,150.00
200,452,300. 00
189,032,050.00
189,083,100. 00
T7. S. bonds to secure
21.010.900.00
10.576.200. 00
22,976,000.00
9,721,450.00
24.890,500.00
8,157,250. 0U
26 403 000.60
27.757 000. 00
6,914,350. 00
U. S. bonds on band. .
7,808,000.00
Other stocks, bonds,
and mortgages
81,431,000.66
87,441,034. 86
88,031,124.15
88,374,837. 99
88,831,069. 96
Due from approved
reserve agents
142,117,979. 28
163,161,181.37
148,067,874. 41
140.270,155.75
140,873,587. 98
Due from other na-
tional banks
88,271,697. 9G
86,4G0,829. 09
105,576,841.99
99,487,767. 80
93,302,413.94
D ue from State banks
and bankers
21,465,427. 08
21,725,805. 99
22,740,190. 43
20,952,187.86
22,103,077. 18
Real estate, furni-
ture, and fixtures..
54,763,530.37
55,128,600. 78
55,729,098.76
56,951,622. 58
57.9G8.159. 71
Current exp eases
and taxes paid
10.283,007. 79
8.064,292.40
7,781.151.97
5,158.910. 86
8,253,890.72
Premiums paid
15,160,621.67
15,537,721. 22
10,806,431. 83
17,353,130. 17
17,288,771. 35
Checks and other
cash items
13,218,973.44
13,308,520. 04
13,005,063. 79
13,914,070. 02
14,691,373. 38
Exchanges for clear-
lug-house
70,525,126. 92
89,239 194.59
80,829,363. 73
128,211,628. 48
88,775,457. 99
Bills of other banks
26,132,330. 00
22,235,206. 00
577.878. 03
25,188,137. 00
22,962,737. 00
21,937,881.00
Fractional c u rrency .
447,833. 09
556,186. 75
561.266. 72
5-40,594. 50
Trade dollars
1.827,364. 20
1,803,601.40
184, 2' j3. 08
63,671. 97
509. 25
‘Specie, viz:
Gobi coin
72,855,405. 4 8
73,503,961.60
73,864,674. 63
74,093,439. 47
73,782,489. 02
Gold Treasury
cei tificates
55,259,260.00
59,245,100. 00
50,387,010.00
51,274,940.00
53,961,690. 00
Gold clearing-
house cert’s . . .
24,920,000.00
24,590,000. 00
21,489,000. 00
24,044,000. 00
23,981,000. 00
Silver coin, dol-
lars
7,463,152. 00
7,517,343. 00
7,139,180. 00
6,343,213.00
6, G83,3GS. 00
Silver coin, frac-
tional
2,789,513. 53
3, 154,893. 55
3,314,612. 99
2,813,138.81
2,715,526. 76
Silver Treasury
certificates —
3,690,225. 00
3,667.608. 00
5,121,188. 00
3,535,479. 00
3,961,380. 00
Legal-tendir notes..
67,739,828. 00
66,228,158. 00
79,595,088. 00
74,477,342. 00
73,751,255.00
U. S. certificates of
deposit for legal-
tender notes
6,195,000. 00
7,645,000. 00
8,025,000.00
7,810,000. 00
6,190,000.00
Five per cent, re-
demption fund
8,310,442.35
with Treasurer
10,056,128.39
9,280,755.33
8,810,585. 35
8,341,988.77
Due from Treasurer
other than redemp-
tion fund
975,376. 90
1,856,195.13
1,113,554.81
060.818.42
985,410. 14
Aggregate ....
2 507,753,912. 95
2,581,143,115.05
& ... . - ....
2,629,314,022. 42
2,637,270,107.72
2,020,193,475.59
‘Total specie..
1 GO, 983, 556. 01
171,078,906.15
167,315,665.02
165,104,210. 28
165,085,454.38
LIABILITIES.
Capital stock paid in .
$550 698.675. 00
$555.351,765. 00
$565,629 008.45
$571,648,811.00
$578.462,765. 00
Surplus fund
159,573,479. 21
164,337,132. 72
167,411,021.03
172,348,398. 99
173,913,440. 97
Other undivided
profits
79,298,286. 13
07,248,949. 10
70,153,368. 11
62,294,034. 02
71,451,107. 02
National-bank circu-
lat.ion outstanding.
202,078,287. 00
186,231,498. 00
170,771,539. 00
160,625,058. 00
167,283.343. 00
State-bank notosout-
standing
115,352. 00
100 100.00
98,716. 00
98.697. 00
98.G99. 00
Dividends unpaid . . .
1.590,345. 06
1,411,628. 17
1.977,314.40
2, 239, 029. 40
2.495,127. 83
Individual deposits. .
1,169,710,413.13
1,224.925.098.26
1,266,570.537. 67
1,285.070,978.58
1,249,477,126. 95
U. S. deposits
13,705,700. 73
15,233,909. 94
17,556,485. 93
10,186,712.77
20,392,284. 03
Deposits of TJ. S. dis-
bursiug officers
4,270,257.85
4,277,187.01
3,779,735. 14
4,074,903. 02
4,831,GG6. 14
Duo to other national
banks
223,812,279.46
249,337,482.40
244,575,515.12
235,966,022.40
227,401,984. 15
Due to State banks
and bankers
01,254,533. 23
103,012,552.48
102,089 438. 63
103,603,598. 14
102,094,625. 68
Notes and bills re-
discounted
0,159,345.79
7,550.837. 10
10,132.799.61
11,125,236. 08
17,312,806. 39
Hills payable
2,444,958. 36
2,082,374.21
2,567,053. 30
2,985,987. 60
4,888,439. 43
Aggregate ....
2,507,753,912. 05
2,581,143,115. 05
2,629,314,022.42
2,037,270,167.72
2,020,193,475.59
REPORT OF THE COMPTROLLER OF THE CURRENCY. 3
SECOND.
Statement of National Banks Closed During the Year.
Date of au-
Circulation.
Name ami location of bank.
thority
to commence
Date of clos-
ing.
Capital
stock.
Issued.
Eo-
Jutstand-
business.
leetued
mg.
National Bank of Kingwood, W.
$20, 230
$75, 910
Va
Nov. 14, 1865
Oct. 21,1886
$125, 000
$96, 140
Commercial National Bank, Mar-
June 9,1883
Oct. 25,1886
100, 000
22, 500
4, 200
18, 300
First National Bank, Indianapolis,
Ind
Sept. 1,1881
Nov. 11, 1886
500, 000
102, 325
30, 295
132, 030
First National Bank, Fine Bluff,
Sept. 18, 18S2
Nov. 15, 1880
50, 000
26, 280
7, 305
18, 975
First National Bank, Concord,
Sept. 15, 1884
Nov. 27, 1886
50, 000
11, 250
2, 700
8, 550
•Jamestown National Bank, James-
Apr. 10, 1885
Juno 27, 1872
Nov. 29, 1886
Dec. 1, 1886
50, 009
50, 000
11, 250
45, 000
1,590
9,909
9, 750
First National Bank, Berea, Ohio.
First National Bank, Allerton,
35, 091
Sept. 29, 1874
Dec. 6, 18S6
50, 000
11,250
3, 380
7, 870
Second National Bank, Hillsdale,
Mich .
July 20, 1865
Dec. 18,1886
50, 000
13, 892
3, 228
10,664
Topton National Bank, Toptou,
Pii
Jnue26, 1885
Aug. 16, 1864
Dec. 28,1886
Dec. 31,1880
50, 000
50, 000
18, 000
38, 250
2, 960
3, 470
15, 040
34,780
First National Bank, Warsaw, 111.
First National Bank, Hamburgh,
June 28, 1877
Dec. 31,1886
50, 000
13, 500
3,425
10, 075
Darlington National Bank, Dar-
Mar. 20, 1881
Feb. 10, 1887
100, 000
22, 500
5,940
16, 560
Union National Bank, Cincinnati,
Aug. 6,1881
Feb. 14,1887
500, 000
237, 230
49, 052
188, 178
Roberts National Bank, Titusville,
Pa
Dec. 12,1832
Mar. 10, 1865
Feb. 28,1887
Mar. 9, 1887
100, 000
100, 000
75, 610
42, 500
12, 300
63, 310
36, 316
National Bank of Railway, N. J...
6; 184
Oluey National Bank, Olney, 111 ..
Metropolitan National Bank,
Feb. 14,1882
Mar. 11,1887
00, ouo
27, 000
4,630
22, 370
May 26, 1884
Mar. 15, 1887
100, 000
22, 500
2,590
19, 910
Ontario County National Bank,
Canandaigua, N. Y
Winsted National Bank, Winstcd,
Aug. 11, 1832
Mar. 23, 1887
50, 000
11,250
1, 100
10, 150
Conn .
Council Bluffs National Bank,
Mar. 15, 1879
Apr. 12,1887
50, 000
11, 250
2, 120
9,130
Dec. 30, 1885
May 5,1887
100, 000
22, 500
1,130
21, 370
Palatka National Bank, Palatka,
Fla
Nov. 20, 1884
May 30, 1887
50, 000
19,210
1, 595
17, 615
Fidolitv National Bank, Cincin-
Feb. 27, 1886
June 2,1883
.Tnnfi 20 1887 1 00(1 (WO
90, 000
11,250
2, 235
5, 130
87, 765
6,120
First National Bank, Homer, 111..
Juno 22, 1887
50, 000
First National Bank, Beloit, Wis.
Mystic National Bank, Mystic,
Aug. 4,1874
June 30, 1887
50, 000
11, 250
1, 350
9, 900
June 14, 1865
July 7, 1887
52, 450
47, 205
3, 166
44, 039
Exchange National Bank, Louisi-
Jan. 7, 1884
July 12, 1887
50, 000
11,250
1, 130
10, 120
Henrietta National Bank, Henri-
Aug. 8,1883
July 25, 1887
50, 000
11, 250
11,250
Exchange National Bank, Downs,
Sept. 30, 1886
Nov. 26, 1883
Aug. 1, 1887
Aug. 22, 1887
50, 000
50, 000
11,250
11, 250
550
10, 700
1 1, 250
National Bank of Sumter, S. C
First National Bank, Dansville,
N. Y '. . .
Sept. 4,1863
Dec. 6,1884
Aug. 25, 1887
Sept. 10, 1887
50, 000
100, 000
11, 250
44, 450
11, 250
44, 450
First National Bank, Corry, Pa...
Stafford National Bank, Stafford
Jan. 7, 1865
Oct. 12,1887
200, 000
94, 048
94, 048
Total
4, 087, 450
1, 315, 640
192, 804
1, 122, 836
Of the above banks, twenty-five went into voluntary liquidation and
eight failed.
4
REPORT OF THE COMPTROLLER OF THE CURRENCY.
THIRD.
SUGGESTIONS AS TO AMENDMENTS TO THE LAWS RELATING TO BANK-
ING BY WHICH THE SYSTEM MAY BE IMPROVED AND THE SECUR-
ITY OF THE HOLDERS OF ITS NOTES AND OTHER CREDITORS MAY
BE INCREASED.
The views expressed in tbe Report of 1886 as to the sufficiency of the
security now provided for the circulating notes of national banks are
respectfully reaffirmed, and the suggestions then made for improving
the general features of the national banking system are renewed. These
suggestions, with others drawn from enlarged experience, have been
embodied in a bill for a national-bank code, incorporated herewith, and
respectfully commended to the early attention of Congress. Every
material change proposed to be made by the adoption of this code, and
the reasons for it, will appear in the statement appended to it. In order
that due preparation may be made for the early consideration of this
important measure, the explanatory statement, the bill, and a codifica-
tion of all existing laws, arranged in sections parallel with those of the
bill, have been sent in advance to the Senators, Representatives, and
Delegates in Congress, in order that each may satisfy himself of the
fidelity and accuracy of the codification of the laws now in force, and
by means of this medium of comparison may conveniently compare with
those laws the provisions of the proposed code.
Upon scrutiny it will be found that the proposed code conforms to
the existing law, with some variation in phraseology and some unim-
portant modification of import, except in the following instances:
Sections 4, 5, and 6 increase the salary of the Deputy Comptroller of
the Currency, enlarge his duties, and state iu a more comprehensive
manner, the prohibition against the Comptroller or Deputy Comptroller
having any interests inconsistent with their official positions.
Section 33 provides against such a constitution of the board of direct-
ors as makes the officers of the bank a majority of the board.
Section 42 incorporates into the oath which directors are required to
take an obligation to inform themselves at all times as to the business
and condition of the association. This addition to the law is, in my
judgment, necessary, because in a recent case submitted to the courts
it has been decided that directors who do not keep themselves informed
as to the business of their association can not be held responsible for
the mismanagement of its affairs.
Sections 44 and 45 are new matter. They provide a formal method
by which directors may resign their positions and be discharged from
further accountability.
Section 51 forbids the organization of national banks with branches.
When the system was first established there were some State banks
with branches, and as it was desired that these should be induced to
become national banks, provision was made for their retaining their
branches after conversion. This reason no longer exists, and it would
appear to be in the line of public policy to take precaution in advance
against any future development of the national banking system in the
direction of combination and agglomeration similar to the development
among railroad and other corporations controlling interests upon which
the business and convenience of whole communities depend. In section
127 of the proposed code provision is made for national banks having
more than one office under certain conditions.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
Section 59 supplements existing law as to the extension of the corpo-
rate existence of national banks, by providing adequate relief to share-
holders who do not assent to the extension of the bank, and who do not
concur with the directors as to the appraisement of its stock.
Section (12 states in more precise language, and with some modifica-
tion, the existing restrictions upon national banks as to holding real
estate.
Sections 07 to 71, inclusive, provide a method by which the stock-
holders of national banks may substitute for their contingent liability
a surplus fund to be held by the bank. In this connection 1 respect-
fully refer to the recommendations presented to Congress in the Comp-
troller’s Report for 1886, and to what is said on the subject in the
appropriate place in the Report of this year.
Section 75 makes an important change in the amount of bonds
required to be deposited by the banks.
The acts of 1863 and 1864 required a deposit of bonds not less in
amount than one-third of the capital ; the act of 1874 made $50,000 the
minimum for banks of which the capital exceeded $150,000 ; the act of
18S2 tixed the amount at one-fourth the capital in cases where the
capital does not exceed $150,000, and at $50,000 for all banks of which
the capital exceeds $150,000.
The proposed code divides the banks into two classes, those with a
capital of $250,000 and less, and those of which the capital exceeds
$250,000, and reduces the amount to be deposited by the smaller banks
from one-fourth to one-tenth of their capital, and that to be deposited
by the larger banks from $50,000 to $25,000.
The reason for the change is, that the bond requirement is a serious
impediment to the absorption into the national-bank system of the State
banks, which are still numerous in those sections which were more or
less excluded from early participation in the privileges of the acts of
1863 aud 1864; and it is also an impediment to the formation of new
banks of large capital. While the change may induce some banks to
withdraw a portion of their bonds, it may reasonably be expected that
the deposit of bonds made by new banks aud by banks increasing their
capital will offset such withdrawals to some extent.
The danger of a spasmodic contraction of the national- bauk circula-
tion is obviated by the retention of the clause in section 9 of the act of
July 12, 1882, which provides that not more than $3,600,000 of lawful
money shall be deposited in any one calendar mouth for the purpose
of withdrawing such circulation ; but there seems no reason to retain
the other clause of that section, which prohibits banks that have reduced
circulation from again increasing it until after an interval of six months.
Among all the objections that have been made to the national-bank
currency, none seems so well founded, and at the same time so serious,
as the charge that it is inelastic in volume, and therefore devoid of one
of the prime requisites of a bank currency. The clause referred to
manifestly tends to aggravate this defect, and it should, therefore, be
discarded from the law.
Sections 89 to 94, inclusive, provide for the custody and periodical
examination of the plates aud dies used in the printing of national-
bank notes and for the destruction of material no longer in use. Under
the existing law, the Comptroller of the Currency is responsible lor the
safe keeping and proper use of these plates and dies, but since the
enactment of that provision the Bureau of Engraving and Printing has
been removed from the Treasury building, and it is now a physical im-
possibility for the Comptroller of the Currency to have any knowledge
6
REPORT OF THE COMPTROLLER OF THE CURRENCY.
of or supervision over the keeping or the handling of these plates and
dies.
Section 97 modifies the existing law as to national bank notes, so as
to permit them to be counted as a part of the cash reserve of the banks.
This feature is introduced rather to settle a doubt than to make a change,
because there seems to be good reason to believe that these notes may
be so counted under the existing law.
Section 98 provides that the cashier’s signature to the circulating
notes of the bank may be affixed by an agent appointed with due
formality. This provision, it is believed, will relieve many banks from
an inconvenience which at times is quite serious.
Section 1 14 repeals the requirement that banks extending their cor-
porate existence shall after three years deposit lawful money to the
amount of their outstanding circulation.
Section 115 extends to the entire national-bank circulation the pro-
vision in section 6, act of July 12, 1882, which reserves to the United
States whatever profit arises from the failure to redeem the notes of
banks extending their corporate existence; and in this connection it
should be observed that the other provisions in section 6' of that act
are omitted from this code. The omitted clauses provide that the cir-
culating notes of extended banks shall be retired, and that notes of a
different and readily distinguishable design shall be issued in place of
them.
The purpose of the provision now omitted is not obvious, especially
as the act declares that the bank after extension “shall continue to be
in all respects the identical association it was before the extension of its
period of succession.”
The debate on the bill (see Congressional Record, pages 2534 to 5878,
volume 13, parts 3 to (5, inclusive, Forty seventh Congress, first session)
shows that the change in the design of the notes was connected with
the provision reserving to the United States any profit arising from the
non-presentation for redemption of the oid issue of notes.*
It seems to have been intended that the notes of new design, now
known as the series of 1882, should be issued only to banks extending
their period of succession, whereas it appears that all banks that have
been organized since the passage of the act in question have received
notes of the series of 1882, and therefore the distinction has now been
lost, which was presumably intended to be preserved, between the cir-
culation of extended banks and of those still operated under their orig-
inal certificates of organization. It is impracticable at this late day to
re-establish this distinction, because of 2,263 banks issuing notes of the
series of 1882 only 1,217 have been extended.
While the act of 1882 contains the only express provision in the stat-
utes reserving to the Treasury the profit arising from the non-presenta-
tion of national bank notes, yet under the operation of the act of Juno
20, 1874, all profits from that source must necessarily remain in the
*The bill was reported from committee by Mr. Crapo. of Massachusetts, who, in
the course of his remarks, May 13, 1882, while it was under discussion in the House,
said :
“There can be no doubt, while all the burdens attending the issue and circulation
of bank notes fall upon the banks, that all the gain from loss of bank notes inures to
the Government. To avoid any delay in receiving this gain the sixth section of the
bill provides for a new issue of bank notes, and a redemption of the present issuo, as
summarily and effectually as is possible by the liquidation of the banks. The bill
under consideration disposes of all doubts, if any oxist, as to who shall receive the
profits resulting from lost bank notes.” (Pago 3904, vol. 13, part 4, Cong. Record.)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
7
Treasury, because the Treasury is the depositary of the ultimate re-
demption fund of every bank, and it is certain that the moment will
never come within the period of succession of any bank when it can be
determined whether or not at some time thereafter its still, outstanding
notes may not be presented for redemption at the Treasury.
For these reasons it is considered no departure from existing haw,
and no infringement upon the rights which any bank can establish or
enjoy, to embody in a code framed for continuous application to a per-
manent system the distinct provision that all uncalled-for moneys in
the various redemption funds shall ultimately belong to the United
States, while it is a distinct gain to get rid of the obligation to keep up
an unnecessary and confusing distinction between circulating notes
issued by banks organized prior to July 12, 1882, but not yet extended,
and those issued by banks organized or extended after that date.
If these views prevail with Congress, it will, no doubt, also seem
expedient to adopt the series of 1882 as a uniform design for the entire
national-bank currency, and in that case it will be no more than just
to provide by an appropriation from the Treasury for the expense of
preparing new plates for the 797 banks now entitled to the notes of the
old design.
Section 127 is that to which allusion is made in explaining section
51. There seems to be in some large cities, especially where the banks
are concentrated in one part of the city, out of the reach of many of
their customers, a growing need for some such provision as is made in
this section.
Sections 134 and 135 preserve all existing provisions as to reserve,
except that which allows the 5 per cent, fund in the hands of the
Treasurer of the United States for the redemption of circulating notes
to be couuted as a part of the lawful-money reserve against deposits.
It seems barely possible that the intent of section 3, act of June 20,
1874, in this regard may have been misapprehended, but in any case
it is anomalous in law and misleading in practice to count as a part of
the reserve against deposits a fund wholly devoted to the redemption
of circulation and not to auy, even the least, extent available for pay-
ing depositors.
Except in the cases of some few banks of which the circulation is
large and the deposits small, no material inconvenience is likely to be
caused by the omission of the redemption fund from the items of reserve,
especially if the recommendation is adopted to count national-bank
notes on haDd as part of the lawful-money reserve against deposits.
On October 5, 1887, the banks held in the aggregate in their cash
$21,937,884 national-bank notes, while the total amount on deposit in
the redemption fund was only $8,310,442.25.
Section 136 relieves banks of the obligation of keeping a cash re-
serve against Government deposits. The existing statute requires a
reserve on all deposits, and its language admits of no exception, but it
is probable that this was not meant to include deposits of public money,
because the Secretary of the Treasury is authorized by law to deter
mine, in his own discretion, the security for, and the regulations ap-
plicable to, such deposits. It is believed that the proposed amend-
ment will facilitate the operations of the Treasury. It will certainly
relieve the depositary banks of a needless and an expensive require-
ment.
Section 146 is intended to remedy an inconsistency in the present
law, which gives the Comptroller of the Currency power to place a
8
REPORT OF TIIE COMPTROLLER OF THE CURRENCY.
receiver in charge of a bank of which any impairment of capital is
not made up within three months after notice from him, while under
the same circumstances the directors can not enforce assessments against
stockholders until four months after such notice.
Sections 147 to 150, inclusive, contain what is believed to be a very
salutary check upon the managers of national banks in respect to in-
vestments in real-estate securities. Since the liabilities of banks are
payable on demand, the fundamental principle of* good banking is that
the assets should be readily convertible into money. Real estate and
real-estate securities are hardly ever readily convertible, while under
conditions often arising they become inconvertible and remain so for
long periods of time. Experience teaches that these conditions are
sure to arise just when the exigencies of the community demand from
banks the largest and readiest money accommodation.
Dealing in real estate and in bonds and debentures secured by real
estate is of course an entirely legitimate employment for private or
corporate capital, and there seems no lack of capital seeking such em-
ployment; it is generally safe, and often profitable; but commercial
banks should be restrained from investing their deposits in such forms,
lest their depositors should be exposed to the danger of finding that
the cash upon which they depend for their current transactions lias be-
come locked up in investments, which, however safe and profitable for
the bank, can not be made to reproduce the cash at the moment at which
it is most urgently needed. Statistics presented in the Report of this
year show that real-estate investments are responsible wholly or in part
for the failure of 16 out of the 100 national banks of which the causes
of failure have been ascertained.
While the general principle here stated is indisputable, and admits
of but few exceptions in its application to settled communities where
real-estate investments constantly tend to increased permanence, yet
it should not be overlooked that in some sections of the country a very
large amount of active capital is always seeking employment in real-
estate securities, which tends to make such securities exceptionally
convertible, and it is no doubt difficult for the banks situated in those
localities to keep themselves entirely free from this business. To meet
these cases, section 148 has been framed in such a way as to afford to
such banks an opportunity to accommodate their customers and pro-
mote the general business around them without too much risk of be-
coming embarrassed with loeked-up funds.
Sections 151 and 152 are designed to give more elasticity to the
present provision of law which limits to one-tentli of the capital of the
bank, loans of money to any individual, firm, or corporation. This is
a perplexing subject, and it is difficult to regulate it by statute satis-
factorily; yet experience proves that existing restraints have been on
the whole salutary in their character, for in many cases disaster has
followed the disregard of them.
The statistics of failures already referred to show that excessive loans
(which are generally made to officers and directors of the banks, or to
firms or companies in which they are interested) have caused wholly
or in part 18 out of 100 failures.
Section 153 provides a penalty for making loans contrary to law. Here-
tofore the only penalty attaching to a violation of such restraints was
the forfeiture of the franchise of the bank and the dissolution of the
corporation, a punishment quite out of proportion to the offense, except
under circumstances of concealment and aggravation rarely occurring,
REPORT OF THE COMPTROLLER OF THE CURRENCY.
and still more rarely discovered before the failure of the bank renders
the penalty superfluous.
Sections loo to 160, inclusive, are intended to throw some additional
safeguards around the administration of the banks, and to impress
upon the directors a more definite sense of responsibility by indicating
to them practical methods for discharging their trusts.
Section 161 embodies, with -slight modifications, the prohibition con-
tained in section 5208 of the Revised Statutes, against certifying checks
not drawn against actual money. 1 respectfully submit that it would
be well to strike this provision out of the law altogether, because ex-
perience shows that it has failed to prevent the practice of certifying
checks representing stock operations, against which it is understood to
have been aimed, while it has excluded national banks from very
valuable business which State institutions, which are not subject to the
same prohibition, carry on free from the wholesome supervision to which
national banks are subjected.
If, however, the provision is to be retained in the law, I earnestly
recommend the adoption of the modification herein submitted, so as to
relieve from its operation legitimate and well-recognized methods of
accommodation that materially facilitate the commercial business of
the country.
Section 163 embodies the present usury law, except that it permits
of special contracts as to rate of interest in the States and Territories
where no usury law exists.
In this connection I make bold to say that, in my judgment, it would
be a decided step toward emancipating industry from the trammels of
autiquated notions of governmental guidance to omit from this code
all reference to usury and to leave only a provision fixing the rate of
interest in the absence of special stipulation between lender and bor
rower. No one of experience can doubt that money would be cheaper
and more accessible to all borrowers if there were no usury laws in
force anywhere in the United States.
Section 172 reduces the penalty from $100 a day to $10 a day in cases
where the banks fail to transmit reports within the period prescribed in
the statutes. The present law has never been fully enforced, and prob-
ably can not be; the penalty is excessive.
Sections 171 to 176, inclusive, enlarge the provisions of law applying
to examiners of national banks and define their duties and responsibil-
ities. The effect of these sections is mainly to incorporate into the stat-
ute what has heretofore been practiced by the best examiners.
Section 177 establishes a new scale for reckoning the assessment of
examination fees upon national banks.
From many points of view it would be expedient for the examiners
to be paid out of the tax upon the national banks, and not by fees. The
present system establishes relations between the bank and the exam-
iner which are inconsistent with the functions of that officer and with
what ought to be his attitude toward the bank.
Sections 179 and 180 relieve banks of the obligation to pay fees for
preliminary examination, and provide for these fees and the expenses of
special examinations being paid out of such appropriation as Congress
may make for that purpose.
In the Report for 1886 I recommended the employment of supervis-
ing examiners, to be paid by 'the Government, and the views then en
tertained as to the value of such an addition to the inspection machinery
of the system have been confirmed in the highest degree by the addi-
tional experience and observation of the last twelve mouths.
10 REPORT OF THE COMPTROLLER OF THE CURRENCY.
The advantages to be secured may be briefly stated as follows :
1. That banks may be specially examined at any point of time be-
tween the dates of ordinary examination without exciting alarm in the
community and without reflecting upon the management of the bank.
Such intermediate examinations are often very desirable in'order to
clear up doubtful inferences from reports of examiners and reports of
condition, and to set at rest apprehensions excited by communications
reaching the Comptroller’s office. Banks are sometimes clandestinely
assailed by local enemies, and sometimes a truthful warning comes from
an obscure or a doubtful source. It is impossible for the Comptroller
to discriminate between the true and the false in such charges, while
their simple existence places him under a responsibility from which
the present system of examination provides no method of relief. If he
orders a special examination and the charges prove to be false, the mere
examination, by discrediting the bank, inflicts upon it unmerited and
often irreparable injury. If the apprehension of these consequences
should deter the Comptroller from ordering an examination in a case
where the charges afterward turn out to have been true, he will find it
difficult to escape censure from the community which has apparently
had its losses aggravated by what seems to be indifference or some-
thing worse.
2. The visits of a supervising examiner will afford to the banks,
especially those in remote localities, a protection which they can not
now receive against arbitrary or otherwise improper conduct on the
part of the local examiner, and will also protect both the banks and
the public against injury in case the local examiner proves to be inat-
tentive, incompetent, or corrupt.
3. Supervising examiners will carry with them all over the Union a
knowledge of correct and uniform methods of business, and, if properly
selected, will possess the capacity of instructing both the local exam-
iners and the officials of the banks in respect to these matters. Statis-
tics show that out of 100 failures of national banks, 27 are due wholly
to bad management, and in 30 other cases bad management contributed
to the failure. Sixty-three per cent, of failures thus appear attributa-
ble in whole or in part to ignorance and to loose methods of business.
4. Supervising examiners will have circuits beginning and ending
with the office of the Comptroller, and they will supply a means by
which this officer can obtain definite and comprehensive information
about banking interests in remote sections and about the local exam-
iners. Such information is very important to a proper administration
of the office at Washington ; but it is still more important to the banks
that the Comptroller should understand their circumstances and their
needs, varying, as these do, according to the peculiarities of different
sections, and that he should have trustworthy information as to the
character, methods, and personal bias of the local examiners.
Sections 185 and 180 give to the Comptroller of the Currency a rea-
sonable degree of supervision over national banks that have gone into
voluntary liquidation. It appears to have been held in former years
that after associations had, in accordance with law, made some prog-
ress in voluntary liquidation, the Comptroller might lawfully inter-
pose and appoint a receiver to wind up their affairs. As the law now
stands, it does not appear to mo to justify action in accordance with
these precedents, and. if this is the case, there is obviously a gap in the
completeness of the protection which the law aims to extend to the
creditors and stockholders of national banks.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 11
Sections 183 and 189 prescribe the duties of the directors and officers
of national banks that are in a position of insolvency. They embody
existing provisions and the decisions of the courts in respect to matters
not now provided for by statute.
Sections 195 to 197, inclusive, provide for the discharge of receivers
of national banks in cases not provided for in the existing law. Justice
seems to require some such enactments as are here proposed, and with-
out them it may reasonably be expected that the difficulty now expe-
rienced of obtaining the best men for receivers will constantly increase.
Sections 198 and 199 supplement the present law for the selection of
an agent of stockholders by supplying certain details now required by
the Comptroller but which should have statutory force.
Section 200 affords to agents of stockholders the means of obtaining
their discharge, no such means now existing.
Sectious 207 to 209, inclusive, provide for the case of a bank which
has been restored to solvency during the receivership, and which the
stockholders desire to revive under its old name. Such a case was
lately presented when, within thirty days of the appointment of a re-
ceiver lor the Abington National Bank, of Abington, Mass., the cred-
itors were paid in full, with interest, and sufficient assets remained to
justify resumption of business upon a capital above the minipmm
limited to the locality. The name and reputation of this bank were
regarded by its stockholders as of material value, and, being desirous
that that value should not be lost to them by a change of name, they
made application to be allowed to resume business. After careful ex-
amination of the laws, I could find nothing either permitting or for-
bidding compliance with this application; it appeared to be a matter
not provided for either way, and therefore I could reply only that if the
stockholders unanimously agreed to resume, I would recognize the bank
as again in operation.
Section 218 re-enacts section 380 of the Revised Statutes, with a pro-
viso which is intended to obviate the claim made by some district
attorneys that the statute permits them to force upon receivers of
national banks services which are neither required nor desired. 1 as-
sume that it was not the intention of Congress to confer upon these
officers a statutory right to act as counsel to receivers of national banks,
irrespective of their qualifications or of their local interests and con-
nections.
Section 217 amends the provision as to a semi-annual tax upon circu-
lation by relieving backs from the tax on so much of their circulation
as is predicated upon the minimum deposit of bonds required by law.
While for more than one reason it may be well to tax circulation volun-
tarily taken out or maintained, neither reason nor justice appears to
justify a tax on circulation represented by a compulsory deposit of
bonds.
Section 223 re-enacts section 5219 of the Revised Statutes, with a
change of phraseology aimed at securing to national banks adequate
protection against such State and municipal assessment and taxation as
places them at a disadvantage in competition with corporations which
are doing the same business but which call their operations by special
names.
It js only reasonable to believe that there was no intention on the
part of Congress to make the discrimination, which has in some cases
been inferred from the language of the present statute, between moneyed
capital in the hands of individuals and moneyed capital managed by
corporations.
12 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Sections 227, 22S, and 229 re-enact the provisions of section 5209 of
tlie Revised Statutes, with some changes suggested by experience,
others prompted by precaution, and some additions applying to persons
appointed to be examiners of national banks.
Section 232 extends the general provisions for the punishment of
forgers and other like offenders to persons who, without authority of
law, affix signatures to the blank circulating notes printed for national
banks, or who issue or circulate such notes knowing that they have not
been duly signed by the proper officers of the association for which
they were printed. The present law contains no provision for this
offense, which is a manifest omission.
Section 235 re-enacts section 5243 of the Revised Statutes, and pro-
vides.lor its enforcement. In the last Report of the Comptroller of the
Currency the attention of Congress was called to several instances of
violation of seclion 5243 which have been of long standing, and of
which no judicial notice has been taken, either before that report was
made or since.
An act relating to national-banking associations.
Be it enacted by the Senate and House of Representatives of the United States of
America, in Congres assembled, as follows:
Chapter I.— THE BUREAU OF THE CURRENCY.
Section 1. There shall be in the Department of the Treasury a bureau charged
•with the execution of all laws passed by Congress relating to national banking asso-
ciations; the chief officer of which bureau shall be called the Comptroller of the
Currency, and shall perform his duties under the general direction of the Secre-
tary of the Treasury. (Sec. 324, R. S.)
Sec. 2. The Comptroller of the Currency shall be appointed by the President, on
the recommendation of Ibe Secretary of the Treasury, by and with the advice and
consent of the Senate, and shall hold his office for the term of live years unless sooner
removed by the President, upou reasons to be communicated by him to the Senate;
and he shall be entitled to a salary of live ihousand dollars a year. (Sec. 325, R. S.)
Sec. 3. The Comptroller of the Currency shall, within lifteen days from the time of
notice of his appointment, take and subscribe the oath of office, and he shall give to
the United Mates a bond in the penalty of one hundred thousand dollars, with not
less than two responsible sureties, to bo approved by the Secretary of the Treasury,
conditioned lor the faithful discharge of the duties of his office. (Sec. 326, R. S.)
Sec. 4. There shall bo in the Bureau of the Comptroller of the Currency a Deputy
Comptroller of the Currency, to be appointed by the Secretary, who shall be entitled
to a salary of three thousand iivo hundred dollars a year, and who shall possess the
power and perform the duties attached by law to the office of Comptroller during a
vacancy in the office or during the absence or inability of the Comptroller. The
Deputy Comptroller shall also take the oath of office prescribed by the Constitution
and laws of the United States, and shall give a like boud in the penalty of fifty thou-
sand dollars. (Sec. 327, R. S.)
Sec. 5. The Comptroller of the Currency, when present and acting, may delegate
to the Deputy Comptroller of the Currency such part of the powers and duties per-
taining to the office of the Comptroller of tho Currency as ho may consider proper
and expedient for the speedy and systematic performance of public business.
Sec. 6. It shall uot he lawful for the Comptroller or for tho Deputy Comp-
troller, of the Currency, either directly or indirectly, to be a stockholder or otherwise
pecuniarily interested iu any national banking association, or in any other institu-
tion, corporation, or firm engaged in any banking ojmratious. (Sec. 329, R. S.)
Sec. 7. The seal devised by the Comptroller of the Currency for his office, and
approved by tho Secretary of the Treasury, shall continue to bo the seal of office of
tho Comptroller, and maybe renewed when necessary. A description of tho seal,
with an impression thereof, and a certificate of approval of tho Secretary shall
lie tiled in t he office of the Secretary of State. (Sec. 330, R. S., as amended by an Act
February 18, 1875.)
Sec. 8. There shall ho assigned from time to time to tho Comptroller of the
Currency by the Secretary of tlie Treasury suitable rooms in the Treasury building
for conducting the business of the Currency Bureau, containing safe and secure fire-
REPORT OF THE COMPTROLLER OF THE CURRENCY.
13
proof vaults, in which tho Comptroller shall deposit and safely keep all valuable
thiugs belonging to his office; and the Comptroller shall from time to time furnish
the necessary furniture, stationery, fuel, lights, and other proper conveniences for
the transaction of the business of his office. (Sec. 331, R. S.)
Sec. D. Tho Comptroller of the Currency shall employ from timo to time the nec-
essary clerks, to bo appointed and classitied by tho Secretary of the Treasury, to
discharge such duties as tho Comptroller shall direct. (Sec. 328, R. S.)
Sec. 10. Tho Comptroller of tho Currency shall make an annual report to Congress
at tho commencement of its session, exhibiting —
(1) A summary of tho state and condition of all the associations from which
reports have been received tho preceding year, at tho several dates to which such
reports refer, with an abstract showing tho whole amount of banking capital
returned by them, tho whole amount of their debts and liabilities, the amount of
circulating notes outstanding, and the total amount of their means and resources,
specifying i he amount of lawlul money held by them at the times of their several
returns, and such other information in relation to such associations as, in his judg-
ment, may be useful.
(2) A statement of the associations which have withdrawn from business during
the year, with the amount of their circulation redeemed and the amount outstand-
ing
(3) A statement of tho associations which have failed during the year, or which
for auy other reason have been placed in the hands of a receiver, together with a
special report in each case as to the cause of failure, and tho liabilities, assets, and
so forth.
(4) A statement exhibiting under appropriate heads the resources and liabilities
and tho condition of tho banks, b anking companies, and savings banks, organized
under the laws of the several States and Territories, which information shall be
obtained by the Comptroller from the reports made by such banks, banking compa-
nies, and savings banks to tho legislatures or officers of the different States and Ter-
ritories, and, where such reports cannot bo obtained, the deficiency bhall be supplied
from such other authentic sources as may bo available.
(5) The names and compensation of the clerks employed by him, and the whole
amount of the expenses of the Bureau of the Currency during tho year.
(6) Such suggestions as he may deem proper for the amendment and improvement
of the laws relating to national banking associations. (Sec. 333, It. S.)
Sec. 11. The expenses necessarily incurred in executing the laws respecting the
procuring of circulating notes, and all other expenses of the Bureau of the Cur-
rency, except as otherwise provided, shall be paid out of tho proceeds of the taxes or
duties assessed and collected on the circulation of national banking associations
under this act. (Sec. 5173, R. S.)
Chapter II.— ORGANIZATION OF ASSOCIATIONS.
Sec. 12. Associations for carrying on tho business of banking under this act may
be formed by any number of natural persons, not less in auy case than five. (Sec.
5133, R. S.)
Sec. 13. The persons forming the associations shall enter into articles of association,
which shall specify in general terms tho object for which the association is formed,
and may contain any other provisions, not inconsistent with law, which the associa-
tion may see fit to adopt for the regulation of its business aud the conduct of its
affairs. These articles shall be signed by the persons uniting to form the association,
and a copy of them shall be forwarded to the Comptroller of the Currency, to be filed
and preserved in his office. (Sec. 5133, R. S.
Sec. 14. The persons uniting to form such association shall, under their hands
make an organization certificate, which shall specifically state —
(1) The name assumed by such association, which name shall be subject to the
approval of the Comptroller of the Currency.
(2) Tho place where its operations of discount and deposit are to be carried on,
designating the State, Territory, or District, and the particular county, and the city,
town or village.
(3) The amount of capital stock, and the number of shares into which the same is
to be divided.
(4) The names and places of residence of the shareholders, and the number of
shares held by each of them.
(5) The fact that the certificate is made to enable such persons to avail themselves
of the advantages of this act. (Sec. 5134, R. S.)
Sec. 15. The organization certificate shall be acknowledged before a judge of some
court of record, or notary public, and, together with the acknowledgment thereof,
authenticated by the seal of such court or notary, shall be transmitted to the Comp-
14 REPORT OF THE COMPTROLLER OF THE CURRENCY.
tro’ler of tlio Currency, who shall record and carefully preserve the same iu his
office. ^See. 5135, R. S.)
Sec. 1(3. Upon duly making and filing articles of association and an organization
certificate, tho association shall become, as from the date of tbe execution of its
organization certificate, a body corporate. (Sec. 5136, R. S.)
Sec. 17. Tho capital stock of associations organized under this act shall not be less
than the amounts following:
(1) Every association in a city having more than fifty thousand inhabitants, two^
hundred thousand dollars.
(2) Every other association, one hundred thousand dollars, except that, with the
approval of the Secretary of tbe Treasury, associations with a capital stock of not
less than fifty thousand dollars each may be organized in any place having not more
than six thousand inhabitants. (Sec. 5138, R. S.)
Sec. 18. The capital stock of each association shall be divided into shares of one
hundred dollars each and be deemed personal property, and shall be transferable on
the books of the association iu such manner as may be prescribed in the by-laws or
articles of association. Every person becoming a shareholder by such transfer shall,
in respect to the shares thus acquired, succeed to all the rights and liabilities of the
prior holder of such shares. (Sec. 5139, R. S. 1
Sec. 19. At least fifty per centum of the capital stock of every association shall be
paid in money within thirty days from the execution of the organization certificate
and before the association shall be authorized to commence business; and the remain-
der of the capital stock shall be paid in installments of at least ten per centum each
on the whole amount of the capital as frequently as one installment at the end of
each succeeding month from the time the association shall be authorized by the
Comptroller of the Currency to commence business. The payment of each install-
ment shall be certified to the Comptroller, under oath, by the president or cashier of
the association. (Sec. 5140, R. S.)
Sec. 20. Whenever any shareholder, or his assignee, fails to pay any installment on
the stock when the same is required by the preceding section to be paid, the directors
of such association may sell the stock of such delinquent shareholder at public
auction to any person who will pay the highest price therefor, to be not less than the
amount then due thereon, with the expenses of advertisement and sale ; and the
excess, if any, shall be paid to the delinquent shareholder. Three weeks’ previous
notice of such sale shall be given in a newspaper of general circulation published in
the city or county where the association is located. (Sec. 5141 , R. S.)
Sec. 21. If no bidder can be found who will pay for such stock the amount due
thereon to Ihe association, and the cost of advertisement and sale, tho amount pre-
viously paid shall be forfeited to the association, and such stock shall be sold as the
directors may order, within six months from the time of such forfeiture, and if not
sold it shall bo eauceled and deducted from the capital stock of the association. (Sec.
5141, R. S.)
Sec. 22. If such cancellation and reduction shall reduce the capital of the associa-
tion below the minimum of capital required by law, the capital stock shall, within
thirty days from the date of such cancellation, be increased to the required amount;
iu default of which a receiver may be appointed by tho Comptroller of tho Currency
to close up the business of the association. (Sec. 5141, R. S.)
Sec. 23. Whenever a certificate is transmitted to the Comptroller of the Currency,
as provided iu this act, aud the association transmitting the same notifies the Comp-
troller that at least filty per centum of its capital stock has been duly paid in, and
that such association has complied with all the provisions of this act required to be
complied with before an association shall be authorized to commence the business of
banking, I he Comptroller shall examine into the condition of such associat ion, ascer-
tain especially the amount of money paid in on account of its capital, the name and
place of residence of each of its directors, the amount of the capital stock of which
each is the owner in good faith, and generally whether such association has complied
with all the provisions of this act required to cntitlo it to engage in the business of
banking; and he shall cause to be made and attested by the oaths of a majority of
the directors, and by tho president or cashier of the association, a statement of all
the facts necessary to enable him to determine whether the association is lawfully
entitled to commence the business of banking. (Sec. 5168, R. S.)
Sec. 24. If, upon a careful examination of the facts so reported, and of any other
facts which may come to his knowledge, whether by means of a special commission
appointed by him for the purpose of inquiring into tho condition of such association
or otherwise, it appears that such association is lawfully entitled to commence tho
business of banking, the Comptroller of the Currency shall give to such associa-
tion a certificate, under his hand and official seal, that such association has com-
plied with all tho provisions required to bo complied with before commencing tho
business of banking, and that such association is authorized to commence such busi-
ness. But the Comptroller may withhold f rom any association his certificate author-
REPORT OF THE COMPTROLLER OF TIIE CURRENCY.
15
izing tho commencement of business, whenever he has reason to suppose that the
shareholders have formed tho same for any other than tho legitimate objects
contemplated by this act. (Sec. 51(19, R. S.)
Sec. 25< The association shall cause tho certificate issued under the preoediug sec-
tion to be published for at least sixty days next after the receipt thereof in some
newspaper published in tho city or county where the association is located. (Sec.
5170, R. S. )
Sec. 26. Any association, after filing notice in the office of the Comptroller of the
Currency, may, by tho vote of shareholders owning two-thirds of the shares, increase
its capital stock, in accordance with the provisions of this act, to any sum, notwith-
standing the limit fixed in its original articles of association anil determined by the
Comptroller. No increase of capital shall bo valid until the whole amount of such
increase is paid in, and notice thereof has been transmitted to the Comptroller of
the Currency, and his certificate obtained specifying tho amount of such iucrease
of capital stock, and that it has been duly paid in as part of the capital of such
association ; but failure to notify the Comptroller and to obtain his certificate shall not
exempt subscribers to such increase of capital from any obligation or responsibility
undertaken by them or arising out of such subscription. No increase of the capital
stock of any association, either within or beyond the limit fixed in its original
articles of association, shall be made except in the manner herein provided. (Act
May 1, 1883, sec. 1, and sec. 5142, R. S.)
Sec. 27. Any association, by the vote of shareholders owning two-thirds of the stock
may reduce its capital stock to any sum not below the amount required by section
seventeen of this act, and not below the amount required for its outstanding circula-
tion. But no such reduction shall take effect and no payments shall be made on ac-
count thereof until the action of the shareholders has been duly certified to the Comp-
troller of the Currency, and his approval has been obtained. (Sec. 5143, R. S.)
Sec. 28. Any association, with the approval of the Comptroller of the Currency,
may change its title by vote of shareholders owning two-thirds of the stock. (Act
May 1, 188(1.)
Sec. 29. Any association, by a vote of shareholders owning two-thirds of the stock,
and with the approval of the Comptroller of the Currency, may change its location
to any place withiu the same State not more than thirty miles distant. But if the
capital stock of the association is less than the amount prescribed for associations to
be established in the place to which the association is to remove, it must be increased
to the required amount before such removal ; and if the iucrease of capital involves an
increase in tho amount of bonds to be deposited with the Treasurer of the United
States, the additional bonds shall be deposited before the removal. (Act May 1, 1886. )
Sec. 30. A duly authenticated notice of the now title or location selected, and of
the vote authorizing the change, shall bo sent to the office of the Comptroller of the
Currency; and no change of title or location shall be made or claimed until the
Comptroller shall have issued his certificate of approval of the same. (Act May 1,
1886.)
Sec. 31. All rights, privileges, and powers, and all debts and liabilities of the asso-
ciation under its old title or at its old location shall devolve upon and inure to the
association under its new title and at its new location. No change of title or location
shall release any association from any liability incurred previous to such change, or
affect any action or proceeding in law to which it is a party, or in which it is interested.
(Act May 1, 1886.)
Sec. 32. No association shall make any change in its articles of association by which
the rights, remedies, or security of existing creditors of the association shall be im-
paired. (Sec. 5139, R. S.)
Sec. 33. The affairs of each association shall be managed by a board of directors, not
less than five in number, exclusive of the vice-president, cashier, assistant cashier, or
any other officer, except the president, who may be a member of the board. (Sec.
5145, R. S.)
Sec. 34. The directors shall be elected by the shareholders at a meeting to be held at
auy time before the association is authorized by the Comptroller of the Currency to
commence the business of banking, and afterward at meetings to be held on such
day in January of each year as is specified in the articles of association. They shall
hold office for one year, and until their successors are elected and have qualified. (Sec.
5145, R. S.)
Sec. 35. If the articles of association do not fix the day on which the election
shall be held, the day for the elec! ion shall be designated by the board of directors in
their by-laws, or otherwise ; or if the directors fail to fix the day, shareholders rep-
resenting two-thirds of the shares may do so. (Sec. 5149, R. S.)
Sec. 36. If, from any cause, an election of directors is not made at the time
appointed, the association shall not be dissolved on that account, but an election
may be held on any subsequent day. Thirty days’ notice of sucli election shall be
16 REPORT OF THE COMPTROLLER OF THE CURRENCY.
given in all cases in a newspaper published in the city, town, or county in which the
association is located. (Sec. 5149, R. S.)
Sec. 37. In all elections of directors, and in deciding all questions at meetings of
shareholders, each shareholder shall be entitled to one vote on each share of stock held
by him. Shareholders may vote by proxies duly authorized in writing; but no officer
or employee of such association shall act as proxy. No vote shall be allowed on any
share of which the certificate is held by or for the association as collateral security,
or otherwise, or on which there is any installment or assessment due and unpaid, in
whole or in part. (Sec. 5144, II. S.)
, Sec. 38. Any vacancy in the board shall be filled by appointment by the remaining
directors, and any director so appointed shall hold his place until the next election.
(Sec. 5148, R. S.)
Sec. 39. The directors shall choose one of their number to be the president of
the board. (Sec. 5150, R. S.)
Sec. 40. Every director must, during his whole term of service, bo a citizen of the
United States, and at least three-fourths of the directors must have resided in the
State, Territory, or District in which the association is located, for at least one year
immediately preceding their election, and three-fourths of every board must at all
times consist of permanent residents in such State, Territory, or District. Every
director during hie continuance in office must own in his own right, free from any
lien, at least ten shares of the capital stock of the association of which he is a
director. (Sec. 5146, R. S.)
Sec. 41. Any director who ceases to be the owner of ten shares of the capital
stock of the association, or who becomes in any other manner disqualified, shall
thereby vacate his place. Notice of any vacancy so arising shall at once bo given
to the Comptroller of the Currency by the president or cashier. (Sec. 5146, R. S.)
Sec. 42. Each director, when appointed or elected, shall take an oath that he will
at all times inform himself as to the business and condition of such association, and
so far as the duty devolves on him will diligently and honestly administer its
affairs; that he will not knowingly violate, or willingly permit to bo violated, any
of the laws relating to national banking associations ; and that he is the owner, in
good faith and in his own right, of the number of shares of stock required by this
act, subscribed by him, or standing in his name on the books of the association,
and that the same is not hypothecated, .or in any way pledged as security for auy
loan or debt. Such oath, subscribed by the director making it and certified by the
officer before whom it is taken, shall bo immediately transmitted to the Comp-
troller of the Currency, and shall be filed and preserved in his office. (Sec. 5147, R. S.)
Sec. 43. If any person elected or appointed a director shall fail to qualify, by
taking the prescribed oath, within thirty days from the date of such election or
appointment, his place in the board shall be deemed to be vacant and shall be
filled as in other cases of vacancy.
Sec. 44. Any director may resign from the board upon serving upou the president,
vice-president, or cashier written notice of his intention so to do. But such resig-
nation shall not take effect until an acknowledgment or proof of such service shall
have been filed with the Comptroller of the Currency, and his certificate to that
effect shall have been obtained, and shall have been published for at least thirty days
in every issue of the newspaper in which the association is accustomed to publish
its statements of condition. A like certificate must be obtained by the association
and similarly published whenever a vacancy occurs in the board by the death,
removal, or disqualification of a director.
Sec. 45. Any director may request the Comptroller of the Currency at any time,
upon a written statement of his reasons therefor, to cause an examination to be
made into the affairs of the association ; and the Comptroller, if he is satisfied that
the request is made in good faith and upon reasonable grounds, may order such
examination to be made. But the Comptroller may require the director making the
request to enter into a stipulation to pay the cost of such examination, if it shall
prove to have been unnecessary, aud to deposit beforehand a sufficient sum of money
for that purpose.
Sec. 46. If the directors of any national banking association shall knowingly
violate or knowingly permit any of the officers, agents, or servants of the association
to violate auy of the provisions of this act, all the rights, privileges, and franchises
of the association shall be thereby forfeited. But beforo the association shall be
declared dissolved such violation shall bo determined and adjudged by a proper cir-
cuit, district, or Territorial court of the United States, in a suit brought for that
purpose by the Comptroller of the Currency, in his own name. In case of such viola-
tion, every director who participated in or assented to the samo shall be held liable
in his personal and individual capacity for all damages which the association, its
shareholders, or any other person shall have sustained in consequenco thereof. (Sec.
5239, R. 8.)
REPORT OF THE COMPTROLLER OF THE CURRENCY. 17
Sec. 47. Any bank incorporated by special law, or any banking institution organ-
ized under a general law of any State, may become a national banking association
under this act by the name prescribed in its organization certificate ; and iu such case
the articles of association and the organization certificate may be executed by a majority
of the directors of the bauk or banking institution; and the certificate shall declare
that the owners of two-thirds of the capital stock have authorized the directors to
make such certificate and to change and convert the bank or banking institution
iuto a national banking association. A majority of the directors, after executing the
articles of association and organization certificate, shall have power to execute all
other papers, and to do whatever may be required to make the organization perfect
and complete as a national banking association. (Sec. 5154, R. S.)
Sec. 48. The shares of any such association may continue to be for the same amount
each as they were before the conversion; and any State bank which is a stock-
holder in any other bank by authority of State laws, may continue to hold its stock,
although either bank, or both, may be organized under, and may have accepted the
provisions of this act. (Sec. 5154, R. S.)
Sec. 49. When the Comptroller of the Currency has given to such association a cer-
tificate, under his hand and official seal, that the provisions of this act have been
complied with, and that it is authorized to commence the business of banking, the
association shall have the same powers and privileges and shall be subject to the
same duties, responsibilities, and rules, in all respects, as are prescribed for other
associations originally organized as national banking associations, and shall be held
and regarded as such an association. But no such association shall have a less capital
than the amount prescribed for associations organized underthisact. (Sec.5154, R. S.)
Sec. 50. The directors at the time of the conversion may continue to be the directors
of the association until others are elected or appointed in accordance with the pro-
visions of this chapter. (Sec. 5154, R. S.)
Sec. 51. No bank having branches shall continue to operate such branches after
being converted into a national banking association. •
Sec. 52. Associations may be organized under this act for the purpose of issuing
notes payable iu gold ; and, except as specially provided, such associations shall be
subject to all the provisions of law to which the other associations organized under
this act are subject. (Sec. 5185, R.S.)
Sec. 53. Any association organized for the purpose of issuing note’s payable in gold
may be converted into an association with the same powers and obligations in all
respects as the other associations organized under this act. Such conversion shall
be effected in the same manner in which banks organized under State laws are con-
verted into national banking associations. But the organization certificate shall
bear the date of the original organization of the association. (Act February 14, 1880.)
Sec. 54. Nothing iu this act shall affect any appointments made, acts done, or pro-
ceedings had or commenced iu or toward the organization of any national banking
association under any laws previously in force ; but all associations which were organ-
ized or in process of organization under any such law, shall enjoy all the rights and
privileges granted, and be subject to all the duties, liabilities, and restrictions im-
posed by this act. (Sec. 5158, R. S.)
Chapter III— EXTENSION OF PERIOD OF SUCCESSION.
Sec. 55. Any association at any time within two years next previous to the date of
the expiration of its original period of corporate existence, and with the approval
of the Comptroller of the Currency, may, by amending its articles of association,
extend its period of succession for a term of not more than twenty years from the
expiration of the period of succession named in the articles of association, and shall
have succession for such extended period. But such amended articles of association
shall not be valid until the Comptroller shall have given to the association a certificate
as hereinafter provided. (Act July 12, 1882, secs. 1 and 2.)
Sec. 56. Such amendment of the articles of association shall be authorized by the con-
sent in writing of shareholders owning not less than two-thirds of the capital stock
of the association ; and the board of directors shall cause such consent to be certified
under the seal of the association, by its president or cashier, to the Comptroller of
the Currency, accompanied by an application made by the president or cashier for
the approval of the amended articles of association by the Comptroller. (Act July 12,
1882, sec. 2.)
Sec. 57. Upon the receipt of the certificate and application provided for in the pre-
ceding section, the Comptroller of the Currency shall cause a special examination to
be made, at the expense of the association, to determine its condition, and if after
such examination, or otherwise, the condition of the association shall appear to him
to be satisfactory, he shall give to such association a certificate under his hand and
seal that' the association has complied with all the provisions required to be com-
plied with, and is authorized to have succession for the extended period named in the
8770 CUR 87 2
18 REPORT OF THE COMPTROLLER OF THE CURRENCY.
amended articles of association ; but if the condition of the association appears to be
unsatisfactory, he shall withhold such certificate of approval. (Act July 12, 1882,
secs. 2 aud 3.)
Sec. 58. Any association so extending the period of its succession shall continue to
enjoy all the rights, privileges, and immunities granted to, and shall continue to be
subject to all the duties, liabilities, and restrictions imposed upon national banking
associations; and it shall continue to be in all respects the identical association it
was before the extension of its period of succession. (Act July 12, 1882, sec. 4.)
Sec. 59. If any shareholder not assenting to the amendment extending the period
of succession shall, within thirty days from the date of the Comptroller’s certificate
of approval, give to the directors notice in writing of his desire to withdraw from
the association, he shall be entitled to receive from the association the value of the
shares so held by him. Such value shall be ascertained by an appraisal made by
a committee of three persons, one to be selected by the dissenting shareholder, one
by the directors, and the third by these two. If the directors refuse or unneces-
sarily delay to appoint an appraiser to act for them, the Comptroller of the Cur-
rency may make the appointment. In case the value fixed by the committee shall
not be satisfactory to the shareholder or to the association, either may appeal to
the Comptroller, who shall cause a reappraisal to be made, which shall be final and
binding ; aud if the reapptaisal shall change the value fixed by the committee, the
expense of reappraisal shall be paid by the party against whom such change is made.
The value so ascertained and determined shall be deemed to be a debt due to the
shareholder from the association, and shall be forthwith paid by it; and the shares
so surrendered and appraised shall be sold at public sale, after due notice, within
thirty days after the final appraisal provided for in this section. (Act July 12, 1882,
sec. 5.)
Sec. 60. Iu the organization of any association intended to replace another associa-
tion, and retaining the name thereof, the holders of stock in the expiring association,
in proportion to their shares, respectively, shall be entitled to preference in the allot-
ment of the shares of the new association. (Act July 12, 1882, sec. 5.)
Chapter IV— POWERS AND OBLIGATION
Sec. 61. Every national banking association, in the name designated in its organ-
ization certificate, shall have power —
(1) To adopt and use a corporate seal.
(2) To have succession for the period of twenty years from its organization, unless
it is sooner dissolved according to the provisions of its articles of association, or by
the act of its shareholders owning two-thirds of its stock, or unless its franchise
becomes forfeited by some violation of law.
(3) To make contracts.
(4) To sue aud be sued, complain and defend, in any court of law or equity, as
fully as natural persons.
(5) To elect or appoint directors, and by its board of directors to appoint a presi-
deut., vice-president, cashier, and other officers, define their duties, require bonds of
them and fix the penalty thereof, dismiss such officers or any of them at pleasure, aud
appoint others to fill their places.
(6) To prescribe, by its board of directors, by-laws not inconsistent with law, reg-
ulating the manner iu which its stock shall be transferred, its directors elected or
appointed, its officers appointed, its property transferred, its general business con-
ducted, and the privileges granted to it by law exercised and enjoyed.
(7) To exercise, by its board of directors, or duly authorized officers or agents,
subject to law, all such incidental powers as shall be necessary to carry on the busi-
ness of bauking; by discounting and negotiating promissory notes, drafts, bills of
exchange, and other evidences of debt ; by receiving deposits ; by buying and selling
exchange, coin, and bullion ; by lending money on personal security ; aud by obtain-
ing and issuing circulating notes according to the provisions of this act.
But no association shall transact any business, except such as is incidental and
necessarily preliminary to its organization, until it has been authorized by the
Comptroller of the Currency to commence the business of banking. (Sec. 5136, R. S. )
Sec. 62. A national banking association may purchase, hold, and convey real estate
for the following purposes, and for no others :
(1) Such as shall be necessary for its adequate accommodation aud protection in
the transaction of its business.
(2) Such as shall bo mortgaged to it as security for debts previously contracted.
(3) Such as shall bo conveyed to it in satisfaction of debts previously con-
tracted in the course of its dealings.
(4) Such as it shall purchase at sales under judgments, decrees, or mortgages hold
by the association, or shall purchase in order to secure dobts due to it.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
19
But uo loan shall he made upon any understanding that the association is after-
ward to receive a mortgage or lien upon real estate as security therefor, or to take
any conveyance of real estate in payment thereof, in whole or in part. And no asso-
ciation shall hold for a longer period than live years the possession of any real estate
upon which there is any mortgage or lien, or the title and possession of any real estate
or any interest therein, otherwise than for the purpose specified in subdivision one of
this sectiou. (Sec. 5137, R. S.)
Sec. C3. All associations designated for that purpose by the Secretary of the Treas-
ury shall be depositaries of public money, uuder such regulations as may be pre-
scribed by the Secretary; and they may also be employed as financial agents of the
Government ; and they shall perform all such reasonable duties, as depositaries of
public moneys and financial agents of the Government, as may be required of them.
The Secretary shall require the associations thus designated to give satisfactory
security, by the deposit of United States bonds and otherwise, for the safe keeping and
prompt payment of the public money deposited with them, and for the faithful per-
formance of their duties as financial agents of the Government. Every association
so designated as receiver or depositary of the public money shall take and receive at
par all of the national currency bills, by whatever association issued, which may form
part of the public money deposited with it. (Sec. 5153, R. S.)
Sec. 64. The president and cashier of every association shall cause to bo kept at all
times in the office where its business is transacted a full and correct list of the names
and residences of all the shareholders in the association, and the number of shares
hold by each. Such list shall be subject to the inspection of all the shareholders and
creditors of the association, and of the officers authorized to assess taxes under State
authority, during business hours of each day in which business may be legally trans-
acted. A copy of such list, as the same shall be on the first Monday of July of each
year, verified by the oath of the president or cashier, shall be transmitted to the
Comptroller of the Currency within five days from that date, uuder penalty of ten
dollars for each day of delay thereafter. (Sec. 5210, R. S.)
Sec. 65. The shareholders of every association shall be held individually responsible,
equally and ratably, and not one for another, for all contracts, debts, and engage-
ments of such association, to the extent of the amouut of their stock therein, at the
par valuethereof, in addition to the amount invested in such shares. (Sec. 5151, R. S.)
Sec. 66. The provisions of the preceding section shall not apply to shareholder's of
any banking association now existing under State laws, having not less than five
millions of dollars of capital actually paid in, and a surplus of twenty per centum on
hand, both to be determined by the Comptroller of the Currency ; but such share-
holders shall be liable only to the amount invested in their shares. Such surplus of
twenty per centum shall be kept undimiuished and be in addition to the surplus pro-
vided for in this act, and if at any time there is a deficiency in such surplus of twenty
per centum, the association shall not pay any dividends to its shareholders until the
deficiency is made good, and in case of such deficiency the Comptroller of the Cur-
rency may compel the association to close its business and wind up its affairs under
the provisions of chapter VIII. of this act. (Sec.. 5151, R. S.)
Sec. 67. Whenever the surplus fund of any association shall exceed by twenty per
centum the amouut of its capital stock, the shareholders of such association may be
relieved of the individual liability imposed by section sixty-six of this act; and the
shareholders of every association may be relieved of such liability in the proportion
which the. surplus, after deducting an amount equal to twenty per centum of the
capital, bears to the whole amouut of the capital stock. But no exemption from
individual liability shall be obtained through anyprocess by which any portion of
the capital stock of an association may be, or may have been, converted into surplus,
and in no case shall the shareholders of any association be relieved of any proportion
of their individual liability until all the conditions of the two succeeding sections
are complied with.
Sec. 68. Whenever the shareholders of an association shall become entitled to any
exemption from individual liability, the directors of such association, if they deem
advisable, and at such times as shall seem to them proper, may cause the president
or cashier to certify to the Comptroller of the Currency the amount of the surplus
fund accumulated by the association ; and upon the receipt of such certificate the
Comptroller shall cause to be made, at the expense of the association, a special exam-
ination of its affairs; and if, after such examination had, the Comptroller shall bo
satisfied that the association is solvent, and that its capital and surplus are repre-
sented by good and adequate assets, he shall give to the association a certificate,
under his hand and- seal, setting forth that the association has complied with all
the provisions required to be complied with by this and the preceding sectiou, and
specifying the proportion of the exemption from liability on each share of the
capital stock.
Sec. 69. The association shall cause tho certificate of the Comptroller of the Cur-
rency issued under the preceding section to be printed in each issue of a newspaper
20 REPORT OF THE COMPTROLLER OF THE CURRENCY.
published in the city or couuty where the association is located for at least sixty
days next after the issuing thereof.
Sec. 70. If any association, of which the shareholders have become exempt from
anyportion of their individual liability, shall have its surplus reduced, by losses or
otherwise, below the amount required for such exemption, such association, within
three months after receiving notice thereof from the Comptroller of the Currency,
shall make good the deficiency in the surplus by assessment upon the shareholders pro
rata for the amount of capital stock held by each ; and, upon notice from the Comp-
troller, the Treasurer of the United States shall withhold the interest upon all
bonds which the association has on deposit with him until otherwise notified by
the Comptroller. If any association shall not make good its surplus as herein
required, and shall fail "to go into liquidation within three months after receiving
notice from the Comptroller, a receiver may be appointed by the Comptroller to
close up the business of the association.
Sec. 71. If any shareholder shall neglect or refuse to pay within two months any
assessment made by the directors for the purpose of restoring reduced surplus, the
directors shall cause a sufficient amount of the capital stock of such shareholder to
be sold at public auction to make good the deficiency, and the balance, if any, shall
be returned to such delinquent shareholder or shareholders. Ten days’ notice of such
sale shall be posted iu the office of the association and shall be published in a news-
paper of the city or town where the association is located.
Sec. 72. Persons holding stock as executors, administrators, guardians, or trustees
shall not be personally subject to any liabilities as stockholders; but the estates and
funds in their hands shall be liable in like manner and to the same extent as the
testator, intestate, ward, or person interested in such trust-funds would be, if living
and competent to act and hold the stock in his own name. (Sec. 5152, R. S.)
Sec. 73. All savings banks or other bauks now organized, or which shall hereafter be
organized iu the District of Columbia, under any act of Congress, shall be subject to
all the laws of the United States applicable to national banking associations, so far
as those laws may be applicable to such savings bauks or other banks. But no sav-
ings bank now established and which has a capital stock paid up in whole or in part
shall be required to have a paid-in capital exceeding one hundred thousand dollars.
(Act June 30, 1876, sec. 6.1
Chapter V.— ISSUE AND REDEMPTION OF CIRCULATING NOTES.
Sec. 74. The term “United States bonds,” as used throughout this chapter, shall be
construed to mean registered bonds of the United States bearing interest ; and any
reference to the value of such bonds shall be construed to mean the par value, unless
the market value is specified. (Sec. 5158, R. S.)
Sec. 75. Every association, before it shall be authorized to commence banking busi-
ness, shall transfer and deliver to the Treasurer of the United States United States
registered bonds, bearing interest, in the amounts following:
(1) Every association having a capital not exceeding two hundred and fifty thou-
sand dollars, an amount equal to not less than one-tenth of the capital stock.
(2) Every association having a capital in excess of two hundred and fifty thousand
dollars, an amount not less than twenty-five thousand dollars.
The deposit of bonds made by each association shall be increased as its capital may
be increased, so that every association shall at all times have on deposit with the
Treasurer United States bonds to the amount herein proscribed. (Secs. 5159 and 5160,
R. S. ; Act July 12, 1882, sec. 8,* and Act June 20, 1874, sec. 4. Sec. 5160, R. S.)
Sec. 76. The bonds transferred to the Treasurer of the United States under the
requirements of the preceding section shall be received by him upon deposit, and
shall bo by him safely kept iu his office, until they shall be otherwise disposed of,
in pursuance of the provisions of this act; and such bonds shall be held exclusively
as security for the circulating notes of the association by which they were transferred,
until such notes are redeemed, except as otherwise provided. (Secs. 5159 and 5167,
R. S.)
Sec. 77. To facilitate a compliance with section seventy-five of this act, the Secre-
tary of the Treasury is authorized to receive from any association, and cancel, any
United States coupon bonds, and to issue in liefi thereof registered bonds of like
amount, bearing a like rate of interest, and having the same time to run. (Sec. 5161,
R. S.)
Sec. 78. All transfers of United States bonds made by any association under the pro-
visions of this act shall be made to the Treasurer of the United’States in trust for the
association, with a memorandum written or printed on each bond, and signed by the
cashier, or some other officer of the association making the deposit. A receipt shall
bo given to the association by the Comptroller of the Currency, or by a clerk ap-
pointed by him for that purpose, stating that the bond is held in trust for the asso-
ciation on behalf of which the transfer is made, and as security for the redemption and
REPORT OF THE
COMPTROLLER OF
THE CURRENCY.
21
payment of any circulating notes that have been or may bo delivered to such asso-
ciation. (Sec. 5162, R. S.)
Skc. 79. No assignment or transfer by the Treasurer of the United States of any
bond deposited with him under the provisions of this act shall be valid unless coun-
tersigned by the Comptroller of the Currency. Every such transfer or assignment,
immediately after it is so countersigued, shall bo entered in a book to be kept by the
Comptroller in his office for that purpose. The Comptroller shall stato in such entry
the name of the association from the account of which the transfer is made, the name
of the party to whom it is made, the par value, aud the numerical designation and
the denomination of each bond transferred. (Secs. 5162 and 5163, R. S.)
Sec. 80. The Comptroller of the Currency, immediately upon countersigning and
entering any transfer or assignment by the Treasurer of the United States of any
bonds belonging to a national banking association, shall advise by mail the associa-
tion from the account of which the transfer is made of the kind and numerical
designation of the bonds and the amount thereof so transferred. (Sec. 5164, It. S.)
Sec. 81. The Comptroller of the Currency shall have at all times, during office hours,
access to the books of the Treasurer of the United States for the purpose of ascertain-
ing the correctness of any transfer or assignment of bonds presented for his counter-
signature; and the Treasurer shall have the like access to the book mentioned in
section seventy-nine of this act, to ascertain the correctness of the entries in the
same. The Comptroller shall also have like access to the bonds on deposit with the
Treasurer, to ascertain their amount and condition. (Sec. 5165, R. S.)
Sec. 82. Every association having bonds deposited in the office of the Treasurer oi
the United States shall, once or oftener in each fiscal year, examine and compare
the bonds pledged by the association with the books of the Comptroller of the Cur-
rency and with the accounts of the association, and, if they are found correct, shall
execute to the Treasurer a certificate setting forth the different kinds and the
amounts thereof, and that the same are in the possession and custody of the Treas-
urer at the- date of the certificate. Such examination shall be made at such time
or times, during the ordinary business hours, as the Treasurer and the Comptroller,
respectively, may select. It may be made by an officer or agent of such association,
duly appointed in writing for that purpose; and the certificate before mentioned,
when made by such officer or agent, shall be of the same force and validity as if ex-
ecuted by the president or cashier. A duplicate of such certificate, signed by the
Treasurer, shall be retained by the association. (Sec. 5166, R. S.)
Sec. 83. If auy association fail to appoint one of its officers or an agent to make the
examination required by'the preceding section, or if such officer or agent fail to
attend at the time designated, or to make the examination, or to execute the certifi-
cate specified, the examination may.be made and the certificate may be executed
by some person designated for the purpose by the Secretary of the Treasury. And
such person, upon a faithful performance of such duties, shall be entitled to recover
from the association reasonable compensation therefor, to be fixed by the Comp-
troller of the Currency.
Sec. 84. The Comptroller of the Currency shall give to each association powers of
attorney to receive and appropriate to its own use the interest on the bonds Avhieh it
has so transferred to the Treasurer. But such powers of attorney shall not apply to
any portion of such interest withheld in pursuance of any provision of this act; and
they shall become wholly inoperative whenever such association fails to redeem its
circulating notes, or is placed in the hands of a receiver or other agent of the Comp-
troller in accordance with law. (Sec. 5167, R. S.)
Sec. 85. Whenever the market or cash value of any bonds deposited with the Treas-
urer by any association is reduced below the rate of one hundred dollars for ninety
dollars of the circulation issued for the same, the Comptroller of the Currency may
demand of the association and receive from it the amount of such depreciation in other
United States bonds at cash value, or in money, to be deposited with the Treasurer as
long as such depreciation continues. (Sec. 5167, R. S.)
Sec. 86. The Comptroller of the Currency, upon the terms prescribed by the Secre-
tary of the Treasury, may permit an exchange to be made of auy bonds deposited with
the Treasurer by any association for other bonds of the United States authorized to be
received as security for circulating notes, if he is of the opinion that such an exchange
can be made without prejudice to the United States. (Sec. 5167, R. S.)
Sec. 87. Upon a deposit of bonds as prescribed by section seventy-five of this act,
the association making the same shall be entitled to receive from tiie Comptroller of
the Currency circulating notes of different denominations, in blank, registered and
countersigned as hereinafter provided, equal in amount to ninety per centum of the
current market value, not exceefling par, of the United States bonds so transferred
and delivered ; but at no time shall the total amount of circulating notes supplied to
any association exceed ninety per centum of its capital stock at such time actually
paid in. (Sec. 5171, R. S., and Act July 12, 1882, sec. 10.)
22
REPORT 'OF THE COMPTROLLER OF I'll E CURRENCY.
Kec. 88. In order to furnish suitable notes for circulation, the Comptroller of the
Currency, under the direction of the Secretary of the Treasury, shall cause plates and
dies to be engraved, m the best manner to guard against counterfeiting and fraudulent
alterations, and shall have printed therefrom and numbered, such quantity of circu-
lating notes, in blank, of the denominations of live dollars, ten dollars, twenty
dollars, fifty dollars, one hundred dollars, five hundred dollars, and one thousand
dollars, as may be required to supply the associations entitled to receive the same.
Such notes shall bear upon their lace the statement that they are secured by United
States bonds deposited with the Treasurer of the United States, which statement shall
be attested by the written or engraved signatures of the Treasurer and Register and
by the imprint of the seal of the Treasury. They shall likewise express upon their
face the promise of the association to which they are supplied to pay the amount
thereof on demand ; and for the proper attestation of this promise blank spaces shall
be left for the signatures of the president or vice-president and the cashier. There
shall also be printed upon such notes, under such regulations as the Secretary shall
prescribe, the charter number of the association to which they are supplied ; and
they shall bear such devices and statements other than those herein specified, and
shall be in such form as the Secretary shall, by regulation, direct. (Sec. 5172, R. S.,
and Act June 20, 1874, sec. 5.)
Sec. 89. The plates, dies, bed-pieces, and other appliances prepared for the print-
ing of the national-bank notes, together with the original engraved plates, the cylin-
ders and other material used in the preparation thereof, shall be kept in suitable
vaults iu the building of the Bureau of Engraving and Printing. They shall be at
all times, when not in actual use, under the control and direction of the Comptroller
of the Currency, but in the special charge of a custodian, who shall be responsible
for the safe keeping of such appliances as come into his charge, and for the proper
issue and due return, the same day, of every piece taken out for use. The custodian
shall keep an accurate record of every such issue and return, and at the end of each
calendar mouth he shall transmit to the Comptroller of the Currency a report in
such form as that officer may prescribe. (Secs. 5173 and 5174, R. S.)
Sec. 90. The custodian shall be appointed by the Secretary of the Treasury, and
shall be entitled to a salary of three thousand dollars a year. He shall give to the
United States a bond in the penalty of twenty-five thousand dollars, witlTnot less
than two responsible sureties to be approved by the Secretary, conditioned for the
faithful discharge of his duties.
Sec. 91. Once in each year the Secretary of the Treasury shall cause to be examined
all the plates, dies, bed-pieces, cylinders, and other appliances used in the prepara-
tion of the national-bank notes, and a correct list to be taken thereof, and such
list to be compared with the list made the previous year, and all differences to be
noted and accounted for, and a full report made to him of such examination and the
results.
Sec. 92. All material prepared for or used in the printing of the notes of associa-
tions which are in liquidation, or have closed business, and all other material not
required for present or future use, shall be destroyed, under such regulations as shall
be prescribed by the Comptroller of the Currency and approved by the Secretary of
the Treasury.
Sec. 93. The examination and destruction provided for by the two preceding sec-
tions shall be conducted by a committee of three persons, one to be selected by the
Comptroller of the Currency, one by the Treasurer of the United States, and one by
the Register of the Treasury, all subject to the approval of the Secretary of the Treas-
ury. Such committee shall perform its duties under regulations to be established by
the Secretary, and each member thereof shall be entitled to such compensation as may
bo provided by such regulations. But no person appointed for this duty shall hold
any position or office under either of the officers charged with the selection of the
committee, nor shall the same person be twice appointed upon the committee.
Sec. 94. The expenses of such examinations and destructions shall be paid out of
any appropriation made by Congress for the special examination of national banking
associations and bank-note plates.
Sec. 95. Every association shall reimburse the Treasury the cost of engraving the
plates required for printing its circulating notes. (Act June 20, 1874, sec 3, and Act
June 12, 1882, sec. <>.)
Sec. 96. Upon deposit with the Treasurer of the United States of any United States
bonds, bearing interest, payable in gold, in the manner prescribed for other associations,
it shall bo lawful for the Comptroller of the Currency to furnish to any association organ-
ized under section fifty-two of this act circulating notes of different denominations,
but none of them of less than five dollars, and not exceeding in amount ninety per
centum of the par value of the bonds deposited, which notes shall express the promise
of the association to pay thorn, upon presentation at the office at which they are
issued, in gold coin of the United States, and they shall be so redeemable. (Sec. 5185,
R. S.)
REPORT OP THE COMPTROLLER OP THE CURRENCY.
23
Sec. 97. After any association receiving circulating notes under this act has caused
its promise to pay such notes on demand to be signed by its president or vice-presi-
dent and cashier, in such manner as to make them obligatory promissory notes
payable on demand, at its place of business, such association may issue and circulate
the same as money. And the same shall be received at par in all parts of the United
States in payment of taxes, excises, public lands, and all other dues to the United
States, except duties on imports ; and also for all salaries and other debts and de-
mands owing by the United States to individuals, corporations, and associations
within the United States, except interest on the public debt, and in redemption of
the national currency. They may also be counted as apart of the lawful-money
reserve which any association is required to keep on hand against its deposits ; but
they shall not be available for deposit with the Treasurer of the United States in the
redemption fund of live per centum upon circulation. (Sec. 5182, R. S.)
Sec. 9''. The cashier, with the approval of the board of directors, which approval
shall be entered upon the directors’ minutes, and certified to the Comptroller of the
Currency, may appoint a deputy to affix the cashier’s signature to the circulating
notes of the association. But such notes shall not be signed by any assistant or acting
cashier.
Sec. 99. No national banking association shall issue any notes or other obliga-
tions to circulate as money, except the circulating notes authorized by this act. (Sec.
5183, R. S.)
Sec. 100. The Comptroller of the Currency shall receive, when delivered to him in
sums of one hundi’ed dollars or any multiple thereof, worn or mutilated circulating
notes issued by any association, and shall furnish to the association other blank
circulating notes to an equal amount iu place thereof; aud, also, upon due proof of
the destruction of any circulating notes, he shall deliver to the association by which
such notes were issued other blank circulating notes to an equal amount. (Sec. 1584,
R. S.)
Sec. 101. The Comptroller of the Currency shall establish regulations for regis-
tering in proper books all worn or mutilated notes received by him aud all
notes which have been redeemed or surrendered to be canceled, and he shall cause
all such notes, after identification and registration, to be destroyed by maceration,
under regulations to be prescribed by the Secretary of the Treasury, and in the
presence of four persons, one to be appointed by the Secretary of the Treasury,
one by the Comptroller of the Currency, one by the Treasurer of the United States,
aud one by the association interested in such destruction. A certificate of such
destruction, signed by the parties witnessing the same, shall be made in the books
of the Comptroller, and a duplicate thereof shall be by him forwarded to the asso-
ciation the notes of which are thus destroyed. If any association shall fail to appoint
some person to witness the destruction of its notes, the Comptroller may designate
some person to act as witness for it ; and the person so appointed shall be entitled to
reasonable compensation for such services. (Sec. 5184, R. S., and Act June 23, 1874.)
Sec. 102. The Comptroller of the Currency may direct any bonds to be returned, iu
sums of not less than one thousand dollars, to the association which transferred the
same, upon the surrender to him and the cancellation of a proportionate amount of
its circulating notes. But no such return of bonds shall be made if thereby the
remaining bonds which the association has on deposit would be reduced below the
amount required by section seventy-five of this act, or below the amount required,
either at par or iu cash value, to secure the unsurrendered circulating notes of the
association. (Sec. 5167, R. S.)
Sec. 103. Any association may take up the bonds deposited by it with the Treasurer
of the United States, in excess of the amount it is required to keep on deposit, if no
circulating notes have been issued thereon, or when notes have been issued thereon,
if a proportionate amount of such notes are surrendered to the Comptroller of the
Currency for cancellation without replacement. Any association closing up its busi-
ness and dissolving its organization may take up, in sums of not less than one thou-
sand dollars, the bonds deposited by it, upon surrendering to the Comptroller a pro-
portionate amount of its circulating notes; and in like manner auy association \\ hicli
reduces its capital stock may take up the bonds it has on deposit iu excess of the
amount required by section seventy-five of this act. (Sec. 5160, R. S.)
Sec. 104. Every association shall at all times keep and have on deposit in the Treas-
ury of the United States, in lawful money of the United States, a sum equal to five per
centum of its circulating notes, to be held and used for the redemption of such notes.
And when the circulating notes of any associations, assorted or unassorted, shall be
presented for redemption to the Treasurer of the United States, in sums of one thou-
sand dollars or any multiple thereof, the same shall be redeemed in United States
notes, or, at the option of the Treasurer, in coin of equal current value with such
United States notes. Upon the request of the person presenting any national-bank
notes for redemption, the Treasurer may, if convenient, pay the same in gold or silver
coiu certificates. (Act June 20, 1874, sec. 3.)
24 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Sec. 105. All notes redeemed by the Treasurer of the United States under the pre-
ceding section shall be charged by him to the respective associations issuing the
same, and he shall notify them severally, on the first day of each month, or oftener,
at his discretion, of the amount of such redemptions ; and whenever such redemp-
tions for any association shall amount to the sum of live hundred dollars, such asso-
ciation so notified shall forthwith deposit with the Treasurer in United States notes,
or in such coin or coin certificates as the Treasurer may accept as equivalent thereto,
a sum equal to the amount of its circulating notes so redeemed. (Act June 20, 1874,
sec. 3.) '
Sec. 106. When such redemptions have been reimbursed as required, the circulating
notes redeemed shall be forwarded to the respective associations by which they were
issued ; but if any of such notes are worn, mutilated, defaced, or otherwise uufit for
use, they shall be forwarded to the Comptroller of the Currency to be destroyed and
replaced. (Act June 20, 1874, sec. 3.)
Sec. 107. Any association desiring to withdraw any of its circulating notes, may,
upon the deposit of lawful money with the Treasurer of the United States, iu sums of
not less than four thousand five hundred dollars, take up the bonds which it has
transferred to the Treasurer for the security of such circulating notes, in the order .iu
which it makes such deposit of lawful money; and the outstanding notes of such
association, to an amount equal to the lawful money deposited, shall be redeemed at
the Treasury of the United States, and destroyed, as prescribed in this chapter. But
the bonds on deposit to secure the circulating notes of such association shall not
be reduced below the amount required by section seventy-five of this act. (Act June
20, 1874, sec. 4, and Act July 12, 1882, sec. 8.)
Sec. 108. Not more than three millions of dollars of lawful money shall be deposited
during any calendar month fof the purpose of withdrawing circulating notes as pro-
vided in the preceding section. But this provision shall not apply where bonds on
deposit with the Treasurer are called by the Secretary of the Treasury for redemp-
tion. (Act July 12, 1882, sec. 9.)
Sec. 109. Every association which shall go iuto voluntary liquidation shall, within
six months from the date of the vote to liquidate its affairs, deposit with the Treas-
urer of the United States lawful money of the United States sufficient to redeem all
its outstanding circulation. The Treasurer shall execute duplicate receipts for
money thus deposited, stating the amount received by him and the purpose for
which it has been received, and shall deliver one to the association and the other to
the Comptroller of the Currency ; and the money shall be paid into the Treasury of the
United States and placed to the credit of such association upon redemption account.
(Sec. 5222, R. S.)
Sec. 110. Whenever a sufficient deposit of lawful money to redeem the outstanding
circulation of an association proposing to close its business has been made, the bonds
deposited by the association to secure payment of its notes shall be reassigned to it.
And thereafter the association and its shareholders shall stand discharged from all
liabilities upon the circulating notes, and those notes shall be redeemed at the Treas-
ury of the United States. If any such association shall fail to make the deposit and
take up its bonds for thirty days after the expiration of the time specified, the Comp-
troller of the Currency shall have power to sell, at public auction in New York City,
the bonds pledged to secure the circulating notes of such association, and, after pro-
viding for the redemption and cancellation of such notes, and the necessary expenses
of the sale, to pay over any balance remaining to the association or its legal repre-
sentative. (Sec. 5 J24, R. S., as amended by Act February 18, 1875.)
Sec. 111. Whenever the Treasurer of the United States has redeemed any of the
notes of an association which has commenced to close its affairs, he shall cause the
notes to be mutilated and charged to the redemption account of the association ;
and all notes so redeemed by the Treasurer shall, every thiee months, be certified
to and destroyed by maceration, in the manner prescribed iu section one hundred
and one of this act. (Sec. 5225, R. S.)
Sec. 112. The provisions of the three preceding sections shall apply also to associa-
tions of which the corporate existence expires, and which do not extend their suc-
cession, the deposit of lawful money to be made within six mouths from the expiration
of such corporate existence. (Act July 12, 1882, sec. 7.)
Sec. 113. An association which is in good faith winding up its business for the pur-
pose of consolidating with another association shall not be required to deposit lawful
money for its outstanding circulation ; but its bonds on deposit and its outstanding
circulating notes shall bo reported by the association with which it is iu process or
consolidation. (Sec. 5223, R. S.)
Sec. 114. When any association shall extend the period of its succession, the circu-
lating notes issued to it prior to such extension shall bo redeemed at the Treasury of
the United States, as provided in section one hundred and four of this act; and such
notes when redeemed shall bo forwarded to the Comptroller of the Currency and de-
REPORT UP THE COMPTROLLER OR THE CURRENCY.
stroyed. From time to time as such notes ;ire redeemed new circulating notes shall
lie supplied to the association. (Act July 12, 1882, sec. 6.J
Sec. 115. Any gain that may arise from the failure to present for redemption the
circulating notes of any association shall inure to the benefit of the United States.
(Act July 12, 1882, sec. (5.)
Sec. lid. All notes of national banking associations redeemed at the Treasury of
the United States shall be canceled, except when returned to the association by
which they were issued, as provided by section one hundred and six of this act. (Sec.
5223, R S.)
Sec. 117. All notes of national banking associations, worn, defaced, mutilated, or
otherwise unfit for circulation, when received by an assistant treasurer, or by any
designated depositary of the United States, shall be forwarded to the Treasurer of
the United States for redemption as provided in section one hundred and four of this
act. (Act June 20, 1874, sec. 3.)
Sec. 118. Whenever any association fails to redeem in the lawful money of the United
States any of its circulating notes, upon demand of payment duly made duriug the
usual hours of business, at the office of such association, the holder may cause the
same to be protested, in one package, by a notary public, unless the president or
cashier of the association offers to waive demand and notice of the protest, and, in
pursuance of such offer, makes, signs, and delivers to the party making such demand
an admission in writing, stating the time of the demand, the amount demanded, and
the fact of the non-payment thereof. The notary public, on making such protest, or
upou receiving such admission, shall forthwith forward such admission or notice of
protest to the Comptroller of the Currency, retaining a copy thereof. If, however,
satisfactory proof is produced to the notary public that the payment of the notes
demanded is restrained by order of any court of competent jurisdiction, he shall not
protest the same. (Sec. 5226, R. S.)
Sec. 119. All fees for protesting the notes of any association shall be paid by the
person procuring the protest to be made, and such association shall be liable therefor;
but no part of the proceeds of any bonds deposited by such association shall be ap-
plied to the payment of such fees, nor shall such fees be preferred to other claims
against an insolvent association. When the holder of any notes causes more than
one note or package to be protested on the same day he shall not acquire a claim for
more than one protest fee ; and no fees shall in any case be allowed for protesting
the notes of any association after it has closed its doors in consequence of insolvency.
(Secs. 5526 and 5238, R. S.)
Sec. 120. On receiving notice that any national banking association has failed to re-
deem any of its circulating notes the Comptroller of the Currency, with the concur-
rence of the Secretary of the Treasury, may appoint a special agent, of whose
appointment immediate notice shall be given to such association, who shall immedi-
ately proceed to ascertain whether it has refused to pay its circulating notes in the
lawful money of the United States, when demanded, and shall report to the Comp-
troller the fact so ascertained. (Sec. 5227, R. S.)
Sec. 121. If from the protect, and from the report made by the agent appointed under
the preceding section the Comptroller of the Currency is satisfied that such association
has refused to pay its circulating notes and is in default, he shall, within thirty days
after he has received such report, declare the bonds deposited by such association for-
feited to the United States, and they shall thereupon be so forfeited. (Sec. 5227, R. S.)
Sec. 122. Immediately upon declaring the bonds of an association forfeited for non-
payment of its notes the Comptrollerof the Currency shall give notice, in such manner
as the Secretary of the Treasury, by general rules or otherwise, shall direct, to the
holders of the circulating notes of such association to present them for payment at the
Treasury of the United States, and the same when presented shall be paid in lawful
money of the United States; whereupon the Comptroller shall cause the bonds
pledged by such association, or so much of them as may be necessary to'redeem its
outstanding notes, to be sold at public auction in the city of New York, after giving
thirty days’ notice of such sale to the association. (Secs. 5229 and 5230, R. S.)
Sec. 123. When all the bonds of an association have been sold, as provided in
the preceding section, and the proceeds thereof are insufficient for the payment of
the outstanding notes of the association, the United States shall have a paramount
lien upon all the assets of the association for the amount of the deficiency ; and such
deficiency shall be made good out of such assets in preference to any and all claims
whatsoever, except the necessary costs and expenses of administering the same. (Sec.
5230, R. S.)
Sec. 124. The Comptroller of the Currency, if he deems it for the'interest of the
United States, may sell at private sale any of the bonds of an association shown to
have made default in paying its notes, and receive therefor either money or the circu-
lating notes of the association. But no such bonds shall be sold by private sale for
less than par, nor for less than the market value thereof at the time of sale ; and no
sales of any such bonds, either public or private, shall be complete until the transfer
26 REPORT OF THE COMPTROLLER OF THE CURRENCY.
of the bonds shall have been made with the formalities prescribed by section seventy-
nine of this act. (Sec. 5231, R. S.)
Sec. 125. Every association the circulating notes of which shall he redeemed by the
Treasurer of the United States, as provided in section one hundred aud four of this
act, and every association making any deposit of lawful money with the Treasurer for
reducing its circulation, shall be assessed the cost of transporting and assorting its
notes, and such assessment shall he in proportion to the circulating notes redeemed,
and shall be charged to the fund deposited with the Treasurer under the requirement
of said section oue hundred aud four, and every association which shall mane a
deposit of lawful money for retiring its circulation in full shall, at the time of such
deposit, be assessed, for the cost of transporting and redeeming its notes then out-
standing, a sum equal to the average cost of the redemption of national-bank notes
during the preceding year, aud shall thereupon pay such assessment. (Act June 20,
1874, sec. 3, and Act July 12, 1882, sec. 8.)
Sec. 126. The Secretary of the Treasury may from time to time make such regulations
respecting the perpetuation of the evidence of the payment of circulating notes pre-
sented at the Treasury of the United States for redemption as may seem to him proper.
(Sec. 5232, R. S.)
Chapter YL— THE BANKING BUSINESS.
Sec. 127. The usual business of each association shall be transacted at an office or
banking house located in the place specified in its organization certificate. But, with
the approval of the Comptroller of the Currency first obtained, any association may
have in such place more than one office for receiving deposits, paying checks, and buy-
ing and selling exchange ; and in every such case the association shall conform to the
requirements of the Comptroller as to the clerical force to be employed and the
accounts to be kept at and for each such office, and as to the extra compensation for
examinations thereof. (Sec. 5190, R. S.)
Sec. 128. For the purposes of this act the cities of Albany, Baltimore, Boston,
Cincinnati, Cleveland, Detroit, Kansas City, Louisville, Milwaukee, New Orleaus,
Omaha, Philadelphia, Pittsburgh, Saint Joseph, San Francisco, and Washington shall
be known as reserve cities ; and the cities of Chicago, New York, and Saint Louis
shall be known as central reserve cities. (Sec. 5191, R. S.)
Sec. 129. Upon the application, in Avriting, of three-fourths in number of the asso-
ciations located in any city of the United States having fifty thousand inhabitants, the
Comptroller of the Currency shall haAre authority to designate such city a reserve city.
(Act March 3, 1887.)
Sec. 130. Upon the application, in writing, of three-fourths in number of the asso-
ciations located in any city of the United States haAring two hundred thousand
inhabitants, the Comptroller of the Currency shall have authority, with the approval
of the Secretary of the Treasury, to designate such city a central reserve city. But if
any city named in section one hundred and twenty-eight of this act as a reserve city
shall be designated a central reserve city, it shall thereafter be known only as a cen-
tral reserve city. (Act March 3, 1887.)
Sec. 131. Every association in a reserve city, or in a central reserve city, shall at all
times have on hand lawful money of the United States equal to at lease twenty -five
per centum of its deposits and other liabilities payable on demand, and every other
association shall at all times have on hand lawful money of the United States equal
to at least fifteen per centum of its deposits and its liabilities so payable. Bpt no
association is required to keep on hand lawful money on account of Government
deposits, except as provided in section one hundred and thirty-six of this act. (Sec.
5191, R. S., and Act March 3, 1887.)
Sec. 132. Whenever the lawful money of any association shall be below the amount
required by "the preceding section, such association shall not impair its cash resources
by making any new loans or discounts, otherwise than by discounting or purchasing
bills of exchange payable at sight or on demand, nor make any dividend of its profits
until the required proportion between its deposits and its lawful money of the United
States has been restored. (Sec. 5191, R. S.)
Sec. 133. Whenever the lawful-money reserve of any association is found to be below
the amount required, the Comptroller of the Currency may notify the association to
make good its reserve; and if the association shall fail so to do for thirty days after
such notice, the Comptroller, with the concurrence of the Secretary of the Treasury,
may appoint a rgeeivt-r to wind up its business. (Sec. 5191, R. S.)
Sec. 134. Three-fifths of the reserve of fifteen per centum required by section one
hundred and thirty-one of this act may consist of cash balances due from associations
in reserve cities or in central reserve cities ; and one-half of the lawful money reserve
of associations in reserve cities may consist of cash balances due from associations in
central reserve cities. But every association with which any part of the lawful-
money reserve of any other association is kept shall first bo approved for that purpose
REPORT OF THE COMPTROLLER OF THE CURRENCY.
by tlie Comptroller of the Currency. (Secs. 5192 and 5195, R. S. ; Act June 20, 18/4,
and Act March 3, 1887, sec. 2.)
SF.C. 135. Certificates representing specie or lawful money specially deposited by
the members of any clearing-house association for the purpose of settling balances
between them shall, when owned aud held by any association which is a member of
such clearing-house, be deemed to be lawful money within the meaning of section
- one hundred aud thirty-one of this act. (Sec. 5192, R. 8.)
Sec. 136. Any association designated by the Secretary of the Treasury as a depositary
of public money may be required by the Secretary to keep on hand on account of
such deposits such reserve fund as he may deem expedient. But such deposits shall
not be counted in estimating the reserve required under sectiou one hundred and
thirty -one of this act.
Sec. 137. The Secretary of the Treasury may receive, at the Treasury or at any
sub-treasury, from any national banking association United States notes on deposit,
without interest, in sums of not less than ten thousand dollars, and issue certificates
therefor in such form as he may prescribe, in denominations of not less than five
thousand dollars, payable on demand in United States notes at the place where the
deposits were made. The notes so deposited shall not be counted as part of the
lawful-money reserve of the association ; but the certificates issued therefor may be
counted as such, and may be deposited with the Treasurer of the United States as a
part of the five per cent, fund for the .redemption of the circulating notes of the
association. (Sec. 5193, R. S.)
Sec. 138. The power conferred on the Secretary of the Treasury by the preceding
section shall not be exercised so as to create any expansion or contraction of the cur-
rency. And United States notes for which the certificates are issued under that sec-
tion, or other United States notes of like amount, shall be held as special deposits in
the Treasury and used only for the redemption of such certificates. (Sec. 5194, R. S.)
Sec. 139. No association shall be a member of any clearing-house in which gold
certificates issued under the authority of the act of July twelfth, eighteen hundred
and eighty-two, and silver certificates shall not be receivable in the settlement of
clearing-house balances. (Act July 12, 1882, sec. 12.)
Sec. 140. Every association shall take and receive at par, for any debt or liability to
it, any and all notes or bills issued by any lawfully organized national oanking asso-
ciation. This provision shall not apply to any association organized for the purpose
of issuing notes payable in gold ; but every such association shall receive at par in
the payment of debts the gold notes of every other such association which at the
time of such payment is redeeming its circulating notes in gold corn of the United
States. (Secs. 5186 and 5196, R. S.)
Sec. 141. No association shall at any time, or for any purpose, pay out or put in
circulation the notes of any bank or banking association which are not at such time
receivable, at par, on deposit, and in payment of debts by the association so paying
ont or circulating them ; nor shall any association knowingly pay out or put in cir-
culation any notes issued by any bank or banking association which at the time of
such paying out or putting in circulation is not redeeming its circulating notes in
lawful money of the United States. (Sec. 5206, R. S.)
Sec. 142. No association shall, either directly or indirectly, pledge or hypothecate any
of its notes of circulation, for the purpose of procuring money to be paid in on its
capital stock, or to be used in its banking operations, or otherwise ; nor shall any
association use its circulating notes, or any part thereof, in any manner or form, to
create or increase its capital stock. (Sec. 5203, R. S.)
Sec. 143. No association shall makd any loan or discount on the security of the shares
of its own capital stock, nor be the purchaser or holder of any such shares, unless
such security or purchase shall be necessary to prevent loss upon a debt previ-
ously contracted in good faith ; and stock so purchased or acquired shall be sold at
public or private sale within six months from the time of such purchase or acquisi-
tion or, in default thereof, a receiver may be appointed by the Comptroller of the
Currency to close up the business of the association. (Sec. 5201, R. S.)
Sec. 144. No association shall, during the time it shall continue its banking opera-
tions, withdraw, or permit to be withdrawn, either in the form of dividends or other-
wise, any portion of its capital stock. But nothing herein shall prevent the reduction
of the capital stock of the association under section twenty-seven of this act. (Sec.
5204, R. S.)
Sec. 145. Every association of which the capital stock is not paid up as required
by law, and every association of which the capital stock may become impaired by losses
or otherwise, shall, within three months after receiving notice thereof from the
Comptroller of the Currency, pay the deficiency in the capital stock, by assessment
upon the shareholders in proportion to the shares held by each ; and the Treasurer
of the United States, upon notice from the Comptroller, shall withhold the interest
upon all bonds held by him in trust for any such association, until otherwise notified
by the Comptroller. If any such association shall fail to pay up its capital stock and
28
REPORT OF THE COMPTROLLER OF TIIE CURRENCY.
shall refuse to go into liquidation, for three months after receiving notice from him,
the Comptroller may appoint a receiver to close up its business. (Sec. 5205, R. S.)
Sec. 146. If any shareholder shall neglect or refuse to pay within two months any
assessment made by the directors for the purpose of restoring impaired capital, the
directors shall cause a sufficient amount of the capital stock of such shareholder to
be sold at public auction to make good the deficiency, and the balance, if any, shall
ho returned to such delinquent shareholder. Ten days’ notice of such sale shall he
posted in the office of the association, and shall be published in a newspaper of the
city or town where the association is located. (Act June 30, 1876.)
Sec. 147. No association shall take, either in its own name, or in the name of any
person or corporation for its benefit, any mortgage or lien upon real estate as secu-
rity for a contemporaneous loan or for future advances made or to be made by it ; nor
shall any association purchase or hold any bond, note, or eviden ce of debt so secured,
or the shares or debentures of any company or corporation dealing in real-estate
securities.
Sec. 148. The provisions of the preceding section shall not apply in either of the
following cases :
(1) The discount for an indorser in the ordinary course of business of a bona fide
hill of exchange or negotiable promissory note having not more than four months
to run, which is deemed by the board of directors a good asset without reference to
any mortgage or lien collateral thereto.
(2) The taking of a bill or note so secured which has not more than four months to
run, when the same is assigned to the association, in good faith, for the purpose of
procuring the extension of a debt previously incurred.
(3) The taking of a mortgage or lien on real estate, or any obligation secured
thereby, for the purpose of securing a debt previously contracted in good faith.
But in all the cases specified in this section a full record of the transaction, and of
the reasons therefor, shall be entered upon the directors’ minutes, and shall be attested
by the signatures of a majority of the board.
Sec. 149. Nothing in this act shall be held to invalidate the title of any association
to any bonds, debentures, or stocks acquired by it, or to any bill, note, or evidence of
debt discounted by it, nor to render any mortgage or lieu upon real estate invalid,
nor to deprive any association or its assigns of the title to or possession of any real
estate, or of any of the remedies to which mortgagees or persons holding liens upon
real estate are entitled by the laws of the State, Territory, or District in which the
property is situated.
Sec. 150. Every association offending against the provisions of section one hundred
and forty-seven of this act shall be liable to a penalty for each infraction at the rate of
one per centum per mouth upon the amount involved therein during the entire period
that such obligations or securities are held by it, or by any person or corporation for
its benefit.
Sec. 151. The total liabilities to any association, of any person, firm, company, or
corporation, for money borrowed, including in the liabilities of a firm or company
the liabilities of the several members thereof, shall at no time exceed oue-tenth part
of the capital stock actually paid in. But the discount of bills of exchange drawn
in good faith against actually existing values, shall not be considered as money bor-
rowed by the drawers or indorsers thereof; nor shall the discount of commercial paper
actually owned by the persons for whom such discount is made be regarded as money
borrowed by the makers of such paper ; but in all such cases the limitation herein
specified shall apply to the person, *firm, company, or corporation, for whose use or
benefit, directly or indirectly, any such Joans or discounts are made. (Sec. 5200, li. S.)
Sec. 152. The prohibition of the preceding section shall not apply to loans made upon
convertible collateral security, of which the cash market value is not less than the
amount borrowed thereon, if neither the value nor the convertibility of the security
is dependent upon the solvency or the success of any party to the. loan. .But the total
liabilities of any person, firm, or corporation to an association, including loans on
collaterals, shall at no time exceed twenty per centum upon the aggregate of its
paid-in capital stock and surplus fund.
Sec. 153. Any association which shall make any loan contrary to the provisions of
section ono hundred and fifty-one of this act shall be subject to a penalty at the rate
of one per centum per month on the entire amount of such loan for the period for
which it shall have been made, and during which it shall continue.
Sec. 154. No association shall at any time bo indebted, or in any way liable, to an
amount exceeding the amount of its capital stock at such time actually paid in and
remaining undiminished by losses or otherwise, except on account of demands of the
nature following :
(1) Notes of circulation.
(2) Moneys deposited with or collected by the association.
(3) Bills of cxchango or drafts drawn against monoy actually on deposit to the
credit of the association or duo thereto.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 29
•
(4) Liabilities to the stockholders of the association for dividends and reserved
profits. (Sec. 5202 R. S. )
Sec. 155. All losses sustained by any association shall bo promptly charged against
its undivided profits, and like charge shall be made of all bad debts ; and no association
shall at any time make or publish any statement of its condition which does not re-
flect the deduction from its undivided profits of all losses incurred up to that time,
and of all bad debts. *
Skc. 156. The directors of any association, at stated periods, to be fixed by the by-
laws and reported to the Comptroller of the Currency, may declare dividends out of
its net earnings, or any portion thereof, except the portion required by section one
hundred and fifty-eight of this act to be passed to surplus account; but no dividend
shall be made by any association, while it continues its banking operations, to an
amount greater than its net profits then on hand, after deducting all losses and bad
debts.
Sec. 157. In all cases before any dividend is declared or paid the directors shall
ascertain by personal examination that all losses and bad debts have been charged
off and that the association otherwise is in a good condition to make such distribution
of net earnings; and every director shall be held to have assented to any dividend
declared by the board, unless he shall at once notify the Comptroller of the Currency
of his dissent.
Sec. 158. Every association shall accumulate a surplus fund equal to at least twenty
per centum of its capital stock, by appropriating thereto ten per centum or more of its
net profits as ascertained by deducting from the gross earnings and profits all bad debts
as defined in section one hundred and sixty-six of this act, and all losses, expenses,
and taxes.
Sec. 159. The ascertainment of net profits shall be made by the officers and
accountants of the association, under the supervision of the board of directors, at
half-yearly intervals, and every time a dividend is to be declared. And whenever
the surplus fund of auy association is less than twenty per centum of its capital stock,
the association shall not declare or pay any dividend until after the ascertainment
herein required shall have been made, and until at least ten per centum of the net
profits of the last half year or shorter period, if dividends are oftener paid, has
been carried to the credit of surplus-fund account.
Sec. 160. No part of the surplus fund shall be withdrawn, in the form of dividends
or otherwise, except so much thereof as may be in excess of the amount specified in
section one hundred and fifty-eight of this act.
Sec. 161. It shall be unlawful for any officer, clerk, or agent of any national banking
association to certify, accept, or otherwise render the bank liable for auy check
drawn upon the association, unless the person or company drawing the check has on
deposit with the association, at the time such check is certified, an amount of money
equal to the amount specified therein. Any check so certified by a duly authorized
officer shall be a good and valid obligation against the association ; but for any act of
any officer, clerk, or agent, in violation of this section, the Comptroller of the Cur-
rency may assess a penalty upon such association not exceeding one per centum of
the amount so unlawfully certified. (Sec. 5208, R. S.)
Sec. 162. The prohibition of the preceding section shall not apply to the certifica-
tion of checks drawn by regular customers of an association to meet drafts ppon them
to which bills of lading or transportation receipts for produce or marketable com-
modities or securities are attached, if these, or other securities.equally valuable and
convertible, are held by the certifying bank until the overdraft is made good.
Sec. 163. Any association may take, receive, reserve, and charge, on any loan or dis-
count made, or upon any note, bill of exchange, or other evidence of debt, interest
at the rate allowed by the laws of the State, Territory, or District where the bank is
located, and no more, except that where by the laws of any State a different rate is
limited for banks of issue organized under State laws, the rate so limited shall be
allowed for associations organized or existing in any such State under this act:
When no rate is fixed by the laws of the State, Territory, or District, and no
agreement is made in advance with the borrower, an association may take, re-
ceive, reserve, or charge a rate not exceeding seven per centum, and such interest
may be taken in advance, reckoning the days for which the note, bill, or other
evidence of debt has to run. The purchase, discount, or sale of a bona fide bill
of exchange, payable at another place than the place of such purchase, discount, or
sale, at not more than the current rate of exchange for sight drafts in addition to the
interest, shall not be considered as taking or receiving a greater rate of interest.
(Sec. 5197, R. S.)
Sec. 164. The takiug, receiving, reserving, or charging a rate of interest greater
than is allowed by the preceding section, when knowingly done, shall be deemed a
forfeiture of the entire interest which the note, bill, or other evidence of the debt
carries with it, or which has been agreed to be paid thereon. (Sec. 5198, R. S.)
30
REPORT OF THE COMPTROLLER OF THE CURRENCY.
Sec. 165. In case a rate of interest greater than is allowed by this act has been paid,
the person by whom it has been paid, or his legal representatives, may recover back
from the association taking or receiving the same, in an action in the nature of an
action of debt, twice the amount of the interest thus paid. But such action must be
commenced within two years from the time the usurious transaction occurred.
(Sec. 5198, R. S.)
Sec. 166. All debts*due to any association, on which interest is past due and unpaid
for a period of six months, shall be considered bad debts within the meaning of this
act, unless the same are well secured or are in process of collection.
Sec. 167. The penalties authorized to be imposed by sections one hundred and fifty,
one hundred and fifty-three, and one hundred and sixty-one of this act shall be
assessed against the offending association by the Comptroller of the Currency, subject
to an appeal to the Secretary of the Treasury ; and in default of payment, the amount
thereof shall be withheld by the Treasurer from the interest on the United States
bonds deposited by such association to secure its circulating notes. In case any pen-
alty in default shall amount to more than the interest due to such association at the
next quarterly payment of interest on such bonds, the excess thereof, and the amount
of other penalties in default, may be recovered from the association by suit instituted
by the Comptroller, in his own name in the United States district court for the dis-
trict in which the association is located.
Chapter VII.— REPORTS AND EXAMINATIONS.
Sec. 168. Every association shall make to the Comptroller of the Currency, according
to the form which maybe prescribed by him, not less than five reports during each
year, each verified by the oath or affirmation of the president, vice-president, or cashier
of such association, and attested by the signatures of at least three other directors.
Each such report shall exhibit, in detail and under appropriate heads, th resources
and liabilities of the association making the same at the close of business ou any past
day specified by the Comptroller ; aud it shall be transmitted to the Comptroller
within five days after the receipt of a request or requisition therefor from him. (Sec.
5211, R.S.)
Sec. 169. Each report made to the Comptroller of the Currency under the require-
ments of the preceding section shall, in the same form in which it is made to the
Comptroller, be published, at the expense of the association by which it was made, in
a newspaper published in the place where such association is established ; and such
proof of publication shall be furnished as may be required by the Comptroller.
(Sec. 5211, R. S.)
Sec; 170. The Comptroller of the Currency shall have power to call for special
reports from any particular association whenever, in his judgment, the same are
necessary in order to a full and complete knowledge of its condition. (Sec. 5211, R. S.)
Sec. 171. In addition to the other reports required by this act each association
shall report to the Comptroller of the Currency, within ten days after declaring any
dividend, the amount of such dividend, the amount of net earnings in excess thereof,
and such other facts touching the declaration of such dividend as the Comptroller
shall prescribe. Such reports shall be attested by the oath of the president, vice-
president, or cashier of the association. (Sec. 5212, R. S.)
Sec. 172. Any association failing to make and transmit any report required by
this chapter shall be subject to a penalty of ten dollars for each day it delays so to do
after the periods respectively mentioned, which penalty shall be assessed by the
Comptroller of the Currency. Whenever any association delays or refuses to pay the
penalty so assessed, the amount thereof shall be retained by the Treasurer of the
United States, upon the order of the Comptroller, out of the interest, as it may
become due to the association, on the bonds deposited to secure circulation. (Sec.
. 5213, R. S.)
Sec. 173. All savings banks or savings and trust companies organized under author-
ity of any act of Congress shall make to the Comptroller of the Currency, and shall
publish all the reports which national banking associa tions are required to make and
publish under the provisions of this chapter, and shall be subject to the same penal-
ties for failure to make or publish such reports as are herein provided ; which penal-
ties may be collected by suit before any court of the United States in the district in
which such savings banks or savings and trust companies may be located. (Act June
30, 1876, sec. 6.)
Sec. 174. The Comptroller of the Currency, with the approval of the Secretary of
the Treasury, shall, as often as shall be deemed necessary or proper, appoint a suit-
able person or persons to make an examination of the affairs of every national
banking association and of every savings bank or savings and trust company organ-
ized under authority of any act of Congress. Such persons shall be known as
examiners of national banks, and each such examiner shall have power to make a
REPORT OF THE COMPTROLLER OF THE CURRENCY. 31
thorough examination into all the affairs of the association, and, in doing so, to ex-
amine any of the o dicers and agents thereof, on oath, and shall make to the Comp-
troller a full aud detailed report of the condition of the association. But no person
shall ho appointed to examine the affairs of any association in which, or adversely
to which, lie has any interest, personal or pecuniary. (Sec. 5240, R. S.)
Sec. 175. The Comptroller of the Currency may from time to time assign examin-
ers of national banks to certain cities or districts, aud require them to reside at some
convenient place therein, or at a point readily accessible thereto, and to exercise a
general inspection over all national banking associations therein. But no examiner
shall visit or examine any bank except by direction, either general or special, of the
Comptroller.
Sec. 176. Every person appointed an examiner of national banks shall take an
oath that ho will perform faithfully all the duties of his office, and preserve inviolate
all confidences reposed in him by the Comptroller of the Currency, or by the officers
or agents of any association ; and that he will not divulge any information obtained
by examination of any bank, except in his official reports or when called to testify
in some competent court, nor use, directly or indirectly, such information or his
official position or opportunities in any manner not authorized by this act.
Sec. 177. The compensation of persons appointed to examine associat ions not located
in a reserve city or in a central reserve city, or in either of the States of Colorado,
Oregon, California, and Nevada, or in any Territory, shall be an annual salary equal
to two cents on every thousand dollars of aggregate liabilities of the associations
examined during the year, and for each examination an additional sum as follows :
(1) For examining an association having a capital not exceeding one hundred and
fifty thousand dollars, twenty dollars.
(2) For examining an association having a capital exceeding one hundred and fifty
thousand dollars and not exceeding three hundred thousand dollars, twenty-five
dollars.
(3) For examining an association having a capital exceeding three hundred thou-
sand dollars and not exceeding five hundred thousand dollars, thirty dollars.
(4) For examining an association having a capital exceeding five hundred thou-
sand dollars and not exceeding seven hundred and fifty thousand dollars, forty dol-
lars.
(5) For examining an association having a capital exceeding seven hundred and
fifty thousand dollars and not exceeding one million dollars, fifty dollars.
(6) For examining an association having a capital of over one million dollars, sixty
dollars, and one dollar additional for every one hundred thousand dollars of capital
in excess of one million dollars. (Sec. 5240, R. S., as amended by Act February 19,
1875.)
Sec. 178. The compensation of persons appointed to examine associations located in
any reserve city, or in any central reserve city, or in either of the States of Colorado,
Oregon, California, and Nevada, or in any Territory, shall be fixed by the Secretary
of the Treasury, upon the recommendation of the Comptroller of the Currency. (Sec.
5240, R. S., as amended by Act February 19, 1875.)
Sec. 179. The fees for examining associations shall be assessed by the Comptroller
of the Currency upon the respective associations so examined ; and shall be paid by
such associations. (Secs. 5283 and 5240, R. S.)
Sec. 180. The Comptroller of the Currency is authorized, whenever he may deem it
useful, to cause examination to be made into the condition of any bank in the Dis-
trict of Columbia organized under act of Congress. The Comptroller, at his discre-
tion, may report to Congress the results of such examination. The expense neces-
sarily incurred in any snch examination, and all expenses of any preliminary or other
special examination into the condition of any association, wherever situated, shall
be paid out of any appropriation made by Congress for special bank examinations;
but this provision does not include special examinations of associations in liquida-
tion. (Sec. 332, R. S.)
Sec. 181. No association shall be subject to any visitorial powers other than such as
are authorized by this act, or are vested in the courts of justice. (Sec. 5241, R. S.)
Chapter VIII.— LIQUIDATION AND RECEIVERSHIP.
Sec. 182. When the corporate existence of an association, as fixed in section sixty-one
of this act, expires, and is not extended, such corporate existence shall continue for the
sole purpose of liquidating the affairs of the association until such affairs are finally
closed. (Act July 12, 1882, sec. 7.)
Sec. 183. Any association may go into liquidation and be closed by the vote of share-
holders owning two-thirds of its stock. (Sec. 5220, R. S.)
Sec. 184. Whenever a vote to go into liquidation is taken the board of directors
shall cause such fact to be certified, under the seal of the association, by its president
or cashier, to the Comptroller of the Currency, and shall cause notice to be pub-
32
REPORT OF THE COMPTROLLER OF THE CURRENCY.
Wished that the association is closing up its affairs, and that all its circulating notes
and all other claims against it are to be presented for payment. Such publication shall
be made for a period of two months in a newspaper published in the city of New York,
and also in a newspaper published in the city or town in which the association is
located. Like publication shall be made whenever an association is to be wopnd up
by reason of the expiration of its corporate existence. (Sec. 5221, R. S., and Act July
12, 1882, sec. 7.)
Sec. 185. Every association in liquidation shall, on the first of January and first of
July of each year, report the progress of such liquidation to the Comptroller of the
Currency, in such form as he may require; and the Comptroller, if he deems it expe-
dient, may cause such reports to be verified by a special examination at the expense
of the association. The reports required by this section shall be made upon the oath
or affirmation of the president, vice-president, or cashier of jhe association, and shall
be attested by the signatures of at least three directors.
Sec. 186. Upon the request of any of the creditors or shareholders of an association
in liquidation, the Comptroller of the Currency, after due hearing and inquiry, may ap-
point a receiver to wind up the affairs of such association. Such receiver, in addition
to his other powers, shall have power to inquire into the doings of the persons pre-
viously conducting the liquidation, and to proceed against them for damages in case
they shall appear to have wasted or misappropriated the assets, or to have failed
in any other way to administer the affairs of the association prudently and equitably.
Sec. 187. When any association has gone into liquidation the individual liability
of the shareholders may be enforced by any creditor of such association by bill in
equity, in the nature of a creditor’s bill, brought by such creditor on behalf of
himself and of all other creditors of the association against the shareholders thereof
in any court of the United States having original jurisdiction in equity for the dis-
trict in which such association was located. (Act June 30, 1886, sec. 2.)
Sec. 188. Whenever an association has failed to pay its circulating notes on demand
or to pay the current demands of its depositors, or is otherwise in a position ot insolv-
ency, it shall not be lawful for such association or any of its directors, officers, clerks,
or agents to pay out any of its notes or other moneys, to receive deposits, to discount
or purchase any notes or bills, or in any other way, directly or indirectly, to prose-
cute the business of banking. But nothing herein shall forbid an association to
receive and safely keep money and other property belonging to it, or to redeem its
circulating notes. (Sec. 2228, R. S.)
Sec. 189. All transfers of the property or credits of any association, and all acts
which prevent or are intended to prevent the application of its assets in the manner
prescribed in this chapter shall be utterly void, when made or done after an act of
insolvency committed by such association, or in contemplation of insolvency, and
with intent to defeat the pro-rata distribution of the assets of the association, or
with intent to give any creditor preference over others. No attachment, injunction,
or execution shall be issued against an insolvent association or its property before
final judgment in any suit, action, or proceeding in any State, county, or municipal
court; and where such process shall have been issued, it shall be immediately quashed
or dissolved upon proof that the association was insolvent at the time of the issue
thereof. (Sec. 5242, R. S.)
Sec. 190. lu addition to the cases where the appointment of a receiver is especially
provided for, a receiver of a national banking association may be appointed by the
Comptroller of the Currency in either of the following cases:
(1) Whenever the Comptroller shall become satisfied, as specified in sections one
hundred and eighteen and one hundred and twenty of this act, that the association
has failed to pay its circulating notes and is in default.
(2) Whenever after due examination the Comptroller shall become satisfied that
the association is insolvent.
(3) Whenever the association is dissolved, and its rights, privileges, and fran-
chises are declared forfeited, as provided in section forty-six of this act.
(4) Whenever any creditor of the association who has obtained a judgment against
it in any court of record makes application for the appointment of a receiver, and
furnishes the certificate of the clerk of the court that such judgment has been ren-
dered, and has remained unpaid for thirty days after the expiration of the time for
taking an appeal or a writ of error. (Sec. 5234, R. S., and Act June 30, 1876, sec 1.)
Sec. 191. The Comptroller of the Currency may require of the receiver appointed by
him such bond and security as he may deem proper. (Sec. 5234, R. S.)
Sec. 192. The receiver appointed by the Comptroller of the Currency shall, under
the direction of the Comptroller, take possession of the books, records, aud assets of
every description of the association, collect all debts, duos, and claims belonging to
it, and, upon the order of a court of record of competent jurisdiction, may sell or com-
pound all bad or doubtful debts, and, on a like order, may soli all the real and per-
sonal property of the association, on such terms as the court shall direct, aud may, if
necessary to pay the debts of the association, enforco the individual liability of the
REPORT OF THE COMPTROLLER OF THE CURRENCY.
33
stockholders. The receiver shall pay ovor all money so obtained to the Treasurer of
the United States, subject to the order of the Comptroller ; and he shall make report
to the Comptroller of all his acts and proceedings. (Sec. 5234, R. S )
Sec. 193. The Comptroller of the Currency, upon appointing a receiver, shall cause
notice to he given, by advertisement in such newspapers as lie may direct, for three
consecutive months, calling on all persons who may have claims against the asso-
ciation to present the same, and to make legal proof thereof. (Sec. 5235, R. S.)
Sec. 194. From time to time, after fall provision has been first made for refunding to
the United States any deficiency in the funds specially devoted to redeeming the notes
of the association, the Comptroller of the Currency shall make a ratable dividend of
the mouey so paid over to him by the receiver on all such claims as may have been
proved to his satisfaction or adjudicated in a court of competent jurisdiction; and,
as the proceeds of the assets of the association are paid over to him, he shall make
further dividends on all claims previously proved or adjudicated. But all expenses
of any receivership shall be paid out of the assets of the association before final dis-
tribution of the proceeds thereof. (Secs. 5236 and 5238, R. S.)
Sec. 195. Whenever the assets of an insolvent association are exhausted and its
affairs are wound up, the receiver, under instructions from the Comptroller of the Cur-
rency, may apply to the United States circuit court for the district in which the
association was located, for a final discharge from further accountability; and if it
shall appear that he has well and faithfully administered the trust, and that there
are no further assets to be realized, the court shall have power to grant him a
discharge and to require the cancellation and surrender of his bond or bonds; and
thereupon both the receiver and the Comptroller of the Currency shall stand forever
discharged from all further accountability for the debts and obligations of such as-
sociation.
Sec. 196. When any person appointed receiver of an association is removed from
such receivership by the Comptroller of the Currency, he may apply to the circuit
court of the United States for the district in which such association was located to
grant him a discharge from further accountability, and to cause his bond, or bonds, to
be canceled and surrendered; and thereupon such court shall have power to summon
the Comptroller of the Currency to show cause why such petition should not be
granted and, after due hearing and investigation, the court may make such order as
shall be deemed proper.
Sec. 197. If any person appointed receiver of an association shall die, or shall per-
manently absent himself from the country, or if he shall become in any other way un-
able to make a petition for discharge, or if he shall refuse or neglect to make such
petition, such petition may be made in his behalf by his sureties, or by either of
them.
Sec. 198. Whenever, after any association has been placed in the hands of a receiver
by the Comptroller of the Currency, all claims against such association which have
been proved and allowed, and all expenses of the receivership have been paid in full,
and lawful money of the United States has been deposited for the redemption of the
circulating notes of the association, the Comptroller shall call a meeting of the
shareholders for the purpose of electing an agent to receive the remaining assets of
the association. Such meeting shall he called by publishing notice for thirty days in
a newspaper published in the place where the business of the association was car-
ried on. (Act June 30, 1876, sec. 3.)
Sec. 199. No person shall be allowed to vote at such meeting upon any share of stock
upon which the assessment has not been paid in full, or upon any share which has
been surrendered to the receiver in compromise or settlement of debts to the associa-
tion, but all such shares of stock shall be deducted from the whole number of shares,
and a majority of such reduced number shall prevail in the election of an agent and
in determining all other questions. (Act June 30, 1876, see. 3.)
Sec. 200. The agent shall be elected by ballot ; and he must receive votes represent-
ing at least a majority of the stock upon which votes can be cast. (Act J une 30, 1876,
sec. 3.)
Sec. 201. In selecting an agent, administrators or executors of deceased share-
holders may act and sign as the decedent might have done if living, and guardians
may so act and sign for their wards. (Act June 30, 1876, sec. 3.)
Sec. 202. Before any of the assets of the association are delivered to the agent some
of the shareholders of the association shall execute and file a bond to the satisfaction
of the Comptroller of the Currency, conditioned for the payment and discharge in
full of any and every claim against the association that may thereafter be proved,
before, and allowed by any competent court, and also for the faithful performance of
all the duties of the trust. (Act June 30, 1876, sec. 3.)
Sec. 203. When the bond required by the preceding section has been filed, the Comp-
troller of the Currency and the receiver shall transfer to the agent all the undivided
or uncollected or other assets and property of the association then remaining in their
hands, or subject to their order or control ; whereupon the Comptroller and the re-
8770 CUR 87 3
34 REPORT OF THE COMPTROLLER OF THE CURRENCY.
ceiver shall be discharged and released from any and all liability to such association,
and to each and all of the creditors and shareholders thereof. (Act June 30; 1876,
sec. 3.)
Sec. 204. For the purpose of enabling them to make the transfer provided for by the
preceding section, the Comptroller of the Currency and the receiver are severally em-
powered to execute any deed, assignment, or other instrument that may be necessary
and proper. (Act June 30, 1876, sec. 3.)
Sec. 205. The agent selected by the shareholders is authorized to sell, compromise,
or compound the debts due to the association upon the order of the United States
circuit court for the district where the business of the association was carried on, or
other competent court. He shall hold, control, and dispose of the assets and prop-
erty of the association which he may receive for the benefit of the shareholders of
such association as they, or a majority of them in value or number of shares, may
direct, distributing such assets and property among such shareholders in proportion
to the shares held by each, discriminating equitably between those who have paid
assessments in full, those who have paid in part, and those who have not paid at all ;
and he may in his own name, or in the name of such association, sue and be sued, and
do all other lawful acts and things necessary to fiuall.y settle and distribute the assets
and property in his hands. (Act June 30, 1876, sec. 3.)
Sec. 206. Whenever the agent of the shareholders has collected and distributed all
the assets of the association, he may apply to the United States circuit court for the
district in which the association was located for a final discharge from further ac-
countability; and if it shall appear that he has well and faithfully administered his
trust, and that there are no further assets to be collected and distributed, the court
shall grant him a discharge from all further accountability for the debts and obliga-
tions of such association. And thereafter all claims against the association shall be
forever barred.
Sec. 207. When the assets of any association which has been adjudged to be insolvent
by the Comptroller of the Currency, and for which a receiver has been appointed,
shall prove sufficient to pay all the creditors in full, with interest, such association
shall not be deemed to be dissolved ; but after the receiver shall have so paid such
creditors, and shall have transferred and delivered to an agent of the shareholders the
undivided or uncollected assets and property of the association, the association shall
be entitled to resume the business of banking, if the shareholders owniug two-thirds
of the capital stock shall desire so to do. Before resuming business the association
shall restore the entire amount of its capital stock. But, with the approval of the
Comptroller, the capital stock may be reduced in the manner prescribed in section
twenty-seven of this act before it is restored.
Sec. 208. Where any association has determined to resume business as provided
in the preceding section, the agent elected by the shareholders shall certify such fact
to the Comptroller of the Currency, and the Comptroller, when he shall be satisfied
that the association has complied with all the requirements of the preceding section,
and that the shareholders have reorganized the administration thereof by the election
of a board of directors, shall issue his certificate that such association is entitled to
resume the business of banking.
Sec. 209. The association shall cause the certificate of the Comptroller of the Cur-
rency, issued tinder the preceding section, to be printed in each issue of some paper
published in the place where the association is located, for at least sixty days after
the issuing thereof.
C H AFTER IX.-JUKISmCTION, SUITS, AND EVIDENCE.
Sec. 210. All national banking associations established uudcr the laws of the United
States shall, lor the purpose of all actions by or against them, real, personal, or mixed,
and all suits in equity, bo deemed citizeusof the States in which they are respectively
located ; and in such cases the circuit and district courts of the United States shall
not have jurisdiction other than such as they would have in cases between the indi-
vidual citizeusof the same State. But the provisiousof this section shall not be held to
affect the jurisdiction of the courts of the United States in cases commenced by the
United States, or by the direction of any officer thereof, or in cases for winding up
the affairs of any such association. (Act March 3, 1887, sec. 4.)
Sec. 211. The jurisdiction for suits brought by or against any national banking
association in any State, county, or municipal court, except suits between an asso-
ciation and the United States, or the officers and agents of the United States, shall
be the same as, and not other than, the jurisdiction for suits by or against banks not
organized under any law of the United States, which do or might do banking busi-
ness where such national banking association maybe doing business when such suits
are commenced. (Act July 12, 1874, sec. 4.)
Sec. 212. All proceedings by any national banking association to enjoin the Comp-
troller of the Currency, under the provisions of any law'relating to national banking
REPORT OF THE COMPTROLLER OF TIIE CURRENCY,
35
associations, shall be had in the district where such association is located. (Sec.
736, R. S.)
Sec. 213. All suits and proceedings arising out. of the provisions of law governing
national banking associations, in which the United States or any of its officers or agents
shall be parties, shall be conducted by the district attorneys of the several districts
under the direction and supervision of the Solicitor of the Treasury. Nothing herein
shall be construed to confer upon any district attorney the right to conduct any suits
or proceedings on behalf of a receiver; but he may be employed by such receiver,
with the approval of the Comptroller of the Currency, and, in such case, shall re-
ceive for his services the same compensation as would be paid to other counsel out
of the funds of the trust. (Sec. 380, R. S.)
Sec. 214. Whenever an association against which proceedings have been instituted,
on account of any alleged refusal to redeem its circulating notes, denies having failed
to do so, it may, at any time within ten days after it has been notified of the appoint-
ment of an agent, as provided in section one hundred and twenty of this act, apply to
the nearest circuit, district, or territorial court of the United States to enjoin fur-
ther proceedings in the premises ; and such court, after citing the Comptroller of
the Currency to show cause why further proceedings should not be enjoined, and after
the decisions of the court or finding of a jury that such association has not refused to
redeem its circulating notes, when legally presented, in the lawful money of the
United States, shall make an order enjoining the Comptroller, and any receiver acting
under his direction, from all further proceedings on account of such alleged refusal.
(Sec. 5237, R. S.)
Sec. 215. Every certificate, assignment, and conveyance executed by the Comp-
troller of the Currency, in pursuance of law, and sealed with his seal of office, shall be
received in evidence in all places and courts ; and all copies of papers in his office, cer-
tified by him and authenticated by his official seal, shall in all cases be evidence
equally with the originals. An impression of such seal directly on the paper shall be
as valid as if made on wax or wafer. (Sec. 884, R. S.)
Sec. 216. Copies of the organization certificate of any national banking association,
duly certified by the Comptroller of the Currency, and authenticated by his seal of
office, shall be evidence in all courts and places within the jurisdiction of the United
States of the existence of the association, and of every matter which could be proved
by the production of the original certificate. (Sec. 885, R. S.)
Chapter X.— TAXATION.
Sec. 217. Every association shall pay to the Treasurer of the United States, in the
months of January and July, a duty of one-half of one per centum each half-year upon
the average amount of its notes in circulation, after deducting the amount of such
notes represented by the minimum amount of bonds which such association is re-
quired to keep on deposit with the Treasurer. (Sec. 5214, R. S.)
Sec. 218. In order to enable the Treasurer to assess the duties imposed by the preced-
ing section, each association shall, within ten days from the first days of January and
July of each year, make a return, under the oath of its president or cashier, to the
Treasurer, in such form as that officer may prescribe, of the average amount of its
notes in circulation for the six months next preceding the most recent first day of
January or July. (Sec. 5215, R. S.)
Sec. 219. Every association which fails to make the return required by the preceding
section shall be liable to a penalty of two hundred dollars, to be collected either out
of the interest as it may become due such association on the bonds deposited with
the Treasurer, or, at his option, in the manner in which penalties are to be collected
of other corporations under the laws of the United States. (Sec. 5215, R. S.)
Sec. 220. Whenever any association fails to make the required half-yearly return, the
duties to be paid by such association shall be assessed upon the amount of notes
delivered to such association by the Comptroller of the Currency, after making the
deduction specified in section two hundred and seventeen of this act. (Sec *5216
R. S.)
Sec. 221. Whenever an association fails to pay the duties imposed herein, the sums
due may be collected in the manuer provided for the collection of United States taxes
from other corporations ; or the Treasurer may reserve the amount out of the interest
as it may become due on the bonds deposited with him by such defaulting associa-
tion. (Sec. 5217, R. S.)
Sec. 222. In all cases where an association pays in excess of what is found due from
it, on account of the duty required to be paid to the Treasurer of the United States,
the association may state an account therefor, which, on being certified by the Treas-
urer, and found correct by the First Comptroller of the Treasury, shall be refunded in
the ordinary manner by warrant on the Treasury. (Sec. 5218, R. S.)
36 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Sec. 223. Nothing in this act shall prevent all the shares in any association from being
included in the valuation of the personal property of the owner or holder of such
shares, in assessing taxes imposed by authority of the State within which the associa-
tion is located ; hut the legislature of each State may determine and direct the man-
ner and place of taxing all the shares of national banking associations located within
the State, subject only to the two restrictions : first, that the taxation shall not he at a
greater rate in proportion to their real value than is assessed upon the shares of other
corporations engaged in receiving deposits, negotiating loans, or transacting any other
business similar to that which national banks are authorized to transact, or at any
rate which will amount on the aggregate of all the shares to more than is assessed
upon a like amount of other capital similarly emi>loyed, whether in the hands of in-
dividuals or under the control of corporations ; secondly, that the shares of any
national banking association owned by non-residents of any State shall he taxed in
the city or town where the association is located, and not elsewhere. Nothing herein
shall be construed to exempt the real property of associations from either State, county,
or municipal taxes, to the same extent, according to its value, as other real property
is taxed. (Sec. 5219, R. S.)
Sec. 224. Whenever any national banking association has ceased to do business by
reason of insolvency or bankruptcy, no tax shall be assessed or collected, or paid into
the Treasury of the United States, on account of such association, which will diminish
the assets thereof necessary for the full payment of all its depositors. (Act March
1, 1879, sec. 22.)
Chapter XI.— PENAL PROVISIONS.
Sec. 225. No officer acting under the provisions of this act shall countersign or de-
liver to any association, or to any other company or person, any circulating notes con-
templated by this act, except in accordance with the true intent and meaning of its
provisions. Every officer who violates this section shall be deemed guilty of a high
misdemeanor, and shall be fined not more than double the amount so countersigned
and delivered, and imprisoned not less than one year and not more than fifteen years.
(Sec. 5187, R. S.)
Sec. 226. No association shall offer or receive United States notes or national-bank
notes as security or as collateral security for any loan of money, or for a considera-
tion agree to withhold the same from use, or offer or receive the custody or promise
of custody of such notes as security or as collateral security or consideration for any
loan of money. Any association offending against the provisions of this section shall
be deemed guilty of a misdemeanor, and shall be fined not more than one thousand
dollars and a further sum equal to one-third of the money so loaned. The officer or
officers of any association who shall make any such loan shall be liable for a further
sum equal to one-quarter of the money loaned. Any fiue or penalty incurred by a
violation of this section shall be recoverable for the benefit of the party bringing the
suit. (Sec. 5207, R. S.)
Sec. 227. Every director, and every other person employed in or by any association
who embezzles, abstracts, or willfully misapplies any of the moneys, funds, or credits
of the association ; or who, without authority from the directors, issues or puts in
circulation any of the notes of the association ; or who, without such authority,
issues or puts forth any certificate of deposit, draws any order or bill of exchange,
makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage,
judgment, or decree ; or who makes any false representation as to the business or
resources of the association or makes any false entry in any book, report, or statement
of the association, with intent, in either case, to injure or defraud the association or
any other company, body politic or corporate, or any individual person, or to deceive
the public, any officer of the association, or the Comptroller of the Currency, or any
pei’son appointed to examine the affairs of any such association; and every person
who with like intent aids or abets any other person in any violation of this section
shall he deemed guilty of a misdemeanor and shall be imprisoned not less than five
years nor more than ten. (Sec. 5209, R. S.)
Sec. 228. If any person appointed or directed by the Comptroller of the Currency
to examine into the affairs of any association shall make any false entry in any
report or statement made by him to the Comptroller, or shall suppress or conceal
any material fact, with intent to deceive that officer, such person shall be deemed
guilty of a misdemeanor, and shall be imprisoned not less than five nor more than ton
years.
Sec. 229. Every examiner of national banks who shall knowingly violate any con-
fidences reposed in him by the Comptroller of the Currency, or by the officers or
agents of any association, or who shall use his official position, or the information
acquired in the discharge of his official duties, for any purpose not authorized by this
act, shall he deemed guilty of a misdemeanor, and shall be fined not less than one
thousand, and not more than five thousand, dollars, and shall be imprisoned not less
than one, and not more than five, years.
Sec. 230. It shall not ho lawful to design, engrave, print, or in auy manner make or
execute, or to utter, issue, distribute, circulate, or use, any business or professional
REPORT OF THE COMPTROLLER OF THE CURRENCY.
card, notice, placard, circular, haml-bill, or advertisement, in the likeness or simili-
tude of any circulating note or other obligation or security of any banking associa-
tion organized or acting under the laws of the United States which has been or may
be issued under this act, or any act of Congress, or to write, priut, or otherwise im-
press upon any such note, obligation, or security any business or professional card,
notice, or advertisement, or any notice or advertisement of any matter or thing what-
ever. Every person who violates this section shall be liable to a penalty of one hun-
dred dollars, recoverable one-half to the use of the informer. (Sec. 5188, R. S. )
Sec. 231. Every person who falsely makes, forges, or counterfeits, or causes or pro-
cures to be made, forged, or counterfeited, or willingly aids or assists in falsely making,
forging, or counterfeiting any note in imitation of, or purporting to bo in imitation
of, the circulating notes issued by any banking association now or hereafter authorized
and acting under the laws of the United States; or who passes, utters, or publishes,
or attempts to pass, utter, or publish, any false, forged, or counterfeited note, purport-
ing to bo issued by any such association doing a banking business, knowing the same
to be falsely made, forged, or counterfeited, or who falsely alters, or causes or pro-
cures to be falsely altered, or willingly aids or assists in falsely altering, any such cir-
culating notes, or passes, utters, or publishes, or attempts to pass, utter, or publish, as
true any falsely altered or spurious circulating note issued, or purporting to have
been issued, by any such banking association, knowing the same to be falsely altered
or spurious, shall be imprisoned at hard labor not less than live years nor more than
fifteen years, and fiued not more than one thousand dollars. (Sec. 5415, R. S.)
Sec. 232. Every person, who, without authority of law, affixes any signature to any.
blank circulating note printed for any national banking association, or, who issues
or puts in circulation any such note, knowing that the same has not been duly signed
by the proper officers of the association for which it was printed, shall be imprisoned
at hard labor for not less than five, and not more than fifteen years, and shall be fined
not more than one thousand dollars.
Sec. 233. Every person who mutilates, cuts, defaces, disfigures, or perforates with
holes, or unites or cements together, or does any other thing to any bank bill, draft,
note, or other evidence of debt issued by any national banking association, or who
causes or procures the same to be done, with intent to render such bank bill, draft,
note, or other evidence of debt unfit to be reissued by such association, shall be liable
to a penalty of fifty dollars, recoverable by the association. (Sec. 5189, R. S.)
Sec. 234. Any officer, clerk,. or agent of any national banking association who shall
willfully violate the provisions of section one hundred and sixty-one of this act, or
who shall report to any device, or receive any fictitious obligation, direct or collateral,
in order to evade the provisions thereof, or who shall certify or accept checks before
the amount thereof shall have been regularly entered to the credit of the dealer upon
the books of the banking association, shall be deemed guilty of a misdemeanor, and
shall, on conviction thereof in any circuit or district court of the United States, be
fined not more than five thousand dollars, or shall be imprisoned not more than five
years, or both, in the discretion of the court. (Act July 12, 1882, sec. 13.)
Sec. 235. All banks not organized and transacting business under the national
banking laws, and all persons or corporations doing the business of bankers, brokers,
or savings institutions, except savings banks authorized by Congress to use the word
“national” as a part of their corporate name, are prohibited from using the word
“national” as a portion of the name or title of such bank, corporation, firm, or part-
nership ; aud any violation of this prohibition shall subject the party chargeable
therewith to a penalty of fifty dollars for each day during which it is permitted or
repeated. Aud it is hereby made the duty of the United States district attorney for
the judicial district in which such bank is located, or such business carried on to pro-
ceed against all persons or corporations violating this section. (Sec. 5243, R. S )
Chapter XII.— GENERAL PROVISIONS.
Sec. 236. The provisions of this act, which are expressed without restrictive words
as applying to “national banking associations,” or to “associations,” apply to all
associations organized io carry on the business of banking under any act of Con-
gress. And t he word “ association” means national banking association, unless other-
wise specially indicated. (Sec. 5157, R. S.)
Sec. 237. Any oath required by this act may be taken before any officer who is
authorized, either by the laws of the United States or by the local municipal laws,
to administer oaths iu the State, Territory, or District where the oath may be ad-
ministered; but when any such oath is taken before an officer not using an official
seal, proper evidence of the authority of such officer to administer oaths shall be
filed in the office of the Comptroller of the Currency. When taken in any foreign
country, any such oath may be administered by any diplomatic or consular repre-
sentative of the United States.
Sec. 238. All sums of money collected for penalties under this act shall be paid
into the Treasury of the United States, except as otherwise provided.
38
REPORT OP THE COMPTROLLER OF THE CURRENCY.
Sec. 239. In tho absence or disability of the cashier all certificates and verifications
required by this act to be made by him majr be made by the assistant cashier, if
the association has such au officer, and if it has no such officer, then by some one
appointed by the directors to perform the duties of cashier.
Sec. 240. Where by this act publication is required to be made in a newspaper, it shall
be made in a newspaper among those of most frequent issue and largest circulation iu
the place. If no newspaper is published in such place, the publication shall be made
in some newspaper among those of the largest general circulation therein.
Sec. 241. This act shall be known as the National-Bank Code.
Sec. 242. All laws and parts of laws re-enacted herein are repealed ; but such repeal
shall not extend to any matters other than those relating to national banking asso-
ciations.
Sec. 243. Congress may at any time amend, alter, or repeal this act.
LEGAL DECISIONS.
The “Digest of National-Bank Cases” presented iu the Report of
1886 is reproduced in the Appendix, page 133, enlarged by the incorpo-
ration of decisions announced during the last twelve months. There
will also be found in the Appendix, page 155, a digest of decisions de-
termining questions arising in practical baiikiug. An examination of
this digest will bring out very clearly how wide apart, and even con-
tradictory, are the decisions which have been rendered in different
States in respect to substantially the same question. Considering how
active and extended the interstate commercial relations now are, and
how much of the business of the national banks consists of operations
in exchange, arising out of transactions between the citizens of different
States, it may not be out of place for the Comptroller to draw attention
to the confusion and friction caused by these local differences of judicial
construction.
The time may not yet be ripe for the enactment by Congress of an
interstate commercial code, but such legislation appears to be in logical
sequence to the establishment and extension of the national banking-
system and to the regulation by Congress of interstate transportation,
and it would certainly be a great convenience to banks and merchants.
FOURTH.
STATE, SAYINGS, AND PRIVATE BANKS, AND LOAN AND TRUST COM-
PANIES.
In order to comply with the fourth requirement of section 333 of the
Revised Statutes of the United States, the Comptroller has obtained,
through the courtesy of the authorities of 21 States, which exact re-
turns of this nature, all the information received by them. This infor-
mation, transmitted sometimes in detail and sometimes compiled by the
State officers, embraces the affairs of 1,620 incorporated institutions and
182 private banking concerns, making 1,802 in all.
In order to obtain the information about the institutions of like char-
acter in States and Territories where no returns are made to local
authorities, resort was had to an extended and laborious correspond-
ence. The names and addresses of over 4,000 concerns were collected,
and to each a circular was sent asking for the information desired, and
inclosing blank forms to be filled and returned. Out of the total num-
ber thus approached less than 1,400 have returned answers available
for the purpose in view, and in many of these- cases further correspond--
ence was necessary in order to elicit all the information desired. In
addition to this correspondence, each bank reporting its condition
through the medium of State officials was written to individually, and
requested to report the distribution of its stock.
REPORT OF T1IE COMPTROLLER OF THE CURRENCY.
39
The returns of 1,620 institutions obtained from the State authorities
embrace a statement of the condition of 1)14 banks operated under State
charters; aggregate capital, $114,830,600; surplus and undivided prof-
its, $44,943,084; deposits, $390,821,688; of 42 loan and trust companies,
capital, $21,858,797; surplus and undivided prpiits, $ IS, 308, 324; depos-
its, $199,799,370; of 664 savings banks, of which 580 report no capital,
and 84 report capital aggregating $6,991,166. The aggregate surplus
and undivided profits of the 664 savings banks is $120,187,883, and their
aggregate deposits amount to $1,157,867,483. Oue hundred and eighty-
two private banks report capital to the amount of $5,896,144, surplus
and undivided profits of $1,720,192, and deposits of $18,843,930.
In response to circulars sent directly, reports of condition have been
received from 1,354 concerns in States and Territories where no reports
are required to be made to local authorities, viz, from 499 State banks
having an aggregate capital of $26,169,717, surplus and undivided
profits of $8,028,226, and deposits of $55,738,334; from 16 loan and
trust companies, with capital of $14,496,972, surplus and undivided
profits of $8,884,995, and deposits of $40,391,341; from 20 savings
banks, with capital of $3,099,700, surplus and undivided profits ot
$6,712,360, and deposit's of $77,868,586; and from 819 private banks
with capital of $34,183,294, surplus and undivided profits of $16,443,708,
and deposits of $77,736,527.
The 1,471 incorporated banks and loan and trust companies, report-
ing their condition officially and unofficially, have an aggregate capital
of $177,356,146, and of these 1,120 furnished statements as to the dis-
tribution of their stock, aggregating $151,587,705 in par value. From
examination of the details of those statements, it appears that the par
value of the share ranges from $10 to $1,000, and the average par value
of all the shares is $79.53.*
It was desired to make a classified report of the holdings of gold, sil-
ver, legal tenders, and national-bank notes, but as only a comparatively
small number of associations outside of the national-bank system sepa-
rate the items composing “cash on hand,” and as the majority of the
State reports simply show “ cash on hand ” and “ cash in bank,” the
result is not as satisfactory as was hoped for. From the reports in
which “cash on hand” is classified, it appears that the amount held by
1,360 such associations in gold coin is $27,015,952; in gold certificates,
$937,710; in silver coins, $1,824,657 ; in silver certificates, $598,313;
in specie (not classified), $13,744,S73 ; and in legal tenders and national-
bank notes, $35,462,5S9.
For purposes of comparison, reference is made to the following table:
Statement Showing the Amount of Gold, Silver, etc., Held by National
Banks, and other Banking Associations, at Date of Latest Returns.
Classification.
Gold coins 1
Gold certificates
Gold clearing-house certificates
Silver dollars
Silver, fractional
Silver certificates
National-bank notes
Legal tenders
Specie (not classified)
Total
National
hanks.
1, 360 other
banking asso- Total,
ciations.
$73,782,489
53, 901, 690
23, 981, 000
0, 683, 368
2, 715, 526
3, 961, 380
21, 937, 884
73, 751, 255
$27, 015, 952
937, 710
$100, 798, 441
54, 899, 400
23, 981, OOP
| 11, 223, 551
4, 559, 691
| 131, 151, 72?
13, 744, 873
| 1, 824, 057
598, 313
| 35,462,589
1 13,744,873
260, 774, 592
79, 584, 094
340, *58, 680
* In one case shares are reported at the par value of 33 $ cents.
40 REPORT OF THE COMPTROLLER OF THE CURRENCY.
In the Appendix tables will be found showing by States and Territo-
ries the condition of these banks as obtained from official sources and
from banks direct (classified as unofficial returns) ; aggregate resources
and liabilities of each class and from both sources; comparative state-
ments of condition 18S2 to 1887 ; distribution of shares of stock, by States
and geographical divisions, and deposits in savings banks, number of
depositors and average amount due each, by States, in I885-’86, and
18S6-’87.
The following tables present summaries of these matters:
Aggregate Resources, Liabilities, and Condition of State Banks, Loan and
Trust Companies, and Savings and Private Banks, organized under State
and Territorial Laws. (From official sources.)
1
• j
State banks.
Loan
and trust com-
panies.
Savings banks.
Private
banks.
Total.
914 banks.
42 banks.
064 banks. 182 banks.
1, 802 banks.
RESOURCES.
Loans on real estate
Loans on personal and collat-
eral security
Loans and discounts
Overdrafts
United States bonds
State, county, municipal, etc.,
bonds
Railroad bonds and stocks
Bank stocks
All other bonds, stocks, etc
Due from other banks
lieal estate, furniture, and fixt-
ures
Current expenses and taxes
Cash and cash items
All other resources
Total
LIABILITIES.
Capital stock
Surplus
Other undivided profits
$23, 653,410
79, 141, 632
209, 897, 670
1, 348, 583
2, 292, 913
1, 029, 683
351, 472
56, 910
22, 652, 256
54, 184, 825
16, 365, 170
1, 141, 024
100, 182, 861
13, 959, 459
$11,007,315
294, 756
141, 607, 100
1,318
28, 403, 836
45, 607
75, 931
13, 301
30, 048, 205
14, 516, 239
7, 648, 811
132, 778
11, 218, 823
2, 383, 681
$446, 624,258
122, 631, 426
31, 612, 743
77, 357
1GG, 219, 198
209, 038, 864
58, 992, 053
39, 778. 238
47, 150; 157
53, 139, 067
27, 848, 385
1, 633, 313
12, 842,682
70, 425, 624
W, 089, 374
9,771,504
5, 777, 353
352, 393
89, 600
1,101,358
4, 159, 814
1, 450, 839
26, 182
3, 767, 071
367, 535
$483,434,357
211, 839, 318
448, 894, 872
1, 779, 651
197, 005, 547
210, 114, 154
59,419,456
39, 848, 449
101,551,976
125, 999, 945
53, 313, 205
2, 933, 297
128, Oil, 437
87, 136, 299
586, 257, 874
248, 057, 701
1,288,013, 365
28, 953, 023
2, 151, 281, 963
114, 830, 660
34, 115, 460
10, 828, 524
138, 973
473, 416
390, 821, 688
21, 858, 797
9, 594, 192
8, 714, 132
6, 991, 166
114, 091, 457
6, 096, 426
5, 896, 144
1, 681, 523
38, 669
149, 576, 767
159, 482, 632
25, 677, 751
138, 973
1. 121, 703
1, 767, 332, 471
Dividends unpaid
Deposits
Stale, county, and municipal
525, 979
199, 799, 370
122, 308
1, 157, 867, 483
18, 843, 930
Deposits of State, county, and
municipal disbursing officers.
Due to other banks
Other liabilities
Total
88, 193
28, 949, 795
6, 011, 165
88, 193
31, 046, 303
16, 817, 170
1, 136, 023
6, 429, 208
88, 588
2, 755, 937
871, 897
1, 620, 860
580, 257, 874
248, 057, 701
1, 288, 013, 305
28, 953, 023
2, 151, 281, 963
REPORT OF THE COMPTROLLER OF THE CURRENCY
41
Aggregate Resources, Liam*.! ties, and Condition of State Banks, Loan and
Trust Companies, and Savings and Private Banks, organized under State
and Territorial Laws. (From unofficial sources).
State
banks.
Loan and
trust
compau ics.
Savings
banks.
Private
banks.
Total.
199 banks.
16 banks.
20 banks.
819 banks.
1,354 banks.
RESOURCES.
Loans on real estate
Loans on personal ami collateral se-
curity
Loans and discounts
$3, G13, 9G3
41,053,200
16, 494, 483
1, 047, 027
$5, 202, 07S
36, 249, 262
1, 675, 719
11,492
383, 881
132, 541
7, 324,417
119,350
5, 780, 673
4 279, 264
$10, 817, 408
22, 921, 709
6, 292, 074
12, 768
$15, 499, 166
54, 003, 430
18, 587, 909
1, 506, 385
4, 265 056
$37, 133, 215
154, 227, 601
43, 050, 185
2, 577, 672
' 237* 243
14, 029, 550
6, 725, 951
15, 416, 878
289, 442
3, 534, 070
1,970,660
1, 791, 365
128, 137
5, 162, 553
18, 915, 736
7, 827, 446
26 105 494
State, county, municipal, etc., bonds..
GI2, 720
459, 257
324, 555
5, 057, 846
10, 590, 056
4, 109, 932
982 648
356, 234
2, 904, 872
■ 592; 991
5, 641, 692
18, 066, 251
8, 306, 977
725, 365
11, 890, 653
3, 172, 335
1, 326, 338
20, 014, 281
34, 906, 231
17, 646, 735
2, 136, 881
33, 325, 464
5, 571, 393
All other bonds, stocks, etc
Real estate, furniture, and fixtures
’S, 438j 40 1
300, 731
10, 662, 857
1,278,181
5, 603, 401
566, 086
' 554 788
98, 523, 971
71, 067, 956
89, 647, 359
145, 525,316
404,764, 602
LIABILITIES.
26, 169, 717
4, 404, 200
3, 623, 966
89, 983
276, 333
55, 738, 334
1, 132, 109
408, 278
3,495,619
3, 185, 372
14, 496, 972
3, 099, 700
5, 603, 853
1,108, 507
34,183, 294
77, 949, 683
26, 812, 256
13, 257, 033
92, 138
6, 247, 601
2, 637, 394
10, 550, 542
5, 887, 166
2, 155
55, 270
71, 078
170, 055
572, 742
251, 734, 788
40, 39i; 341
38, 084
77, 808, 580
77, 736, 527
State, county, and municipal deposits..
Deposits of State, county, and munici-
946, 192
1, 158, 905
4, 941, 254
9, 943, 226
2; 116; 385
1, 567, 183
12, 909.947
4, 470, 874
2, 730, 414
2, 200
1,893,435
17, 752, 447
98, 523, 971
71, 067, 956
89, 647, 359
145,525,316
404, 764, 602
Aggregate Resources, Liabilities, and Condition of all State Banks, -Loan
and Trust Companies, and Savings and Private Banks, organized under
State and Territorial Laws.
Official. Unofficial.
Total.
1,802 hanks. 1,354 banks.
3,156 banks.
1
RESOURCES.
$483,434,357 I $37,133,215
211,839,318 1 154,227,601
448 894 872 42 050 185
$520, 567, 572
366, 066,919
491, 945, 057
4, 357, 323
> 215, 921, 283
217, 941,600
85, 524, 880
41, 174, 787
121, 566, 257
160, 906,176
70, 959, 940
5, 070, 178
161,336, 901
9-', 707, 692
1,779, 651
197, 005, 547
210, 114, 154
59, 419, 456
39, 848, 449
101, 551, 976
125, 999, 945
53, 313, 205
2, 933, 297
128, 011,437
87, 136, 299
2, 577, 672
18, 915, 736
7, 827, 446
26, 105, 424
1, 326, 338
20, 014, 281
34, 906, 231
17,646, 735
2, 136, 881
33, 325, 464
5, 571, 393
All other resources
Total
2, 151, 281, 963
404, 764, 602
2, 556, 046, 565
LIABILITIES.
149, 576, 767
159, 482, 632
25, 677, 751
138, 973
1, 121, 703
1, 767, 332, 471
77, 949, 683
26, 812, 256
13, 257, 033
92, 138
572, 742
251, 734, 788
2, 116, 385
1, 567, 183
12, 909, 947
17, 752, 447
227, 526, 450
186, 2i)4, 8s8
38, 934, 784
231, 111
1, 694, 445
2, 019, 067, 259
2, 116, 385
1, 655, 376
43, 956, 250
34, 569, 617
Other undivided profits
State, county, and municipal deposits
Deposits of State, county, "and municipal dis. officers . .
88,193
31, 046, 303
16, 817, 170
Other liabilities
Total
2, 151, 281, 963
404, 764, 602
2, 556, 046, 565
42 REPORT OF THE COMPTROLLER OF THE CURRENCY
Number, Capital Stock, Surplus and Undivided Profits, and Deposits of
State Banks, 1886-’87.
States, etc.
t '
New Hampshire
Rhode Island . . .
Connecticut
New York State
New York City .
New Jersey
Pennsylvania . . .
Maryland
North Carolina .
Kentucky
Missouri
Ohio
Indiana
Michigan
“Wisconsin
Iowa
Minnesota
California
Total
States.
Delaware
Virginia
West Virginia
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Tennessee
Illinois
Kansas
Nebraska
Colorado
Oregon
Total ....
Num-
ber.
Official.
Capital.
Surplus and
undivided
profits.
Deposits.
1
$50, 000
$15,216
$35, 342
10
1, 766, 685
160, 775
1, 177, 883
8
2, 390, 000
497, 598
3, 407, 182
71
8, 428, 000
5, 235, 075
37, 688, 748
31
14,712,700
8, 937, 631
112, 699, 172
8
1, 209, 350
492, 120
3, 284, 201
80
7, 888, 473
2, 662, 600
29,117, 308
8
1, 979, 390
460, 072
3, 799, 136
11
691, 410
228, 706
1,424,785
71
11, 555, 686
2, 891,327
16, 852, 350
212
11,626,403
6, 596, 349
49. 173, 704
46
3, 079, 695
585, 859
10. 314, 788
32
1, 676, 600
379, 510
3, 126, 849
62
4, 556, 150
1, 389, 101
26, 069, 050
56
3, 350, 340
1, 121, 834
19, 960, 417
65
3, 579, 843
694, 799
5, 747. 286
54
5, 228, 000
1, 193, 125
14, 429, 516
88
31, 061, 935
11,402, 287
52, 513, 971
914
114, 830, 660
44, 943, 984
390, 821, 688
Unofficial.
Num-
her.
Surplus and
Capital.
undivided
Deposits.
profits.
2
$356, 000
$51, 143
$497, 427
39
1, 900, 255
650, 713
5, 956, 769
14
819, 855
304, 169
2, 897, 123
10
788, 704
365, 767
4, 121, 254
16
2, 738, 850
1, 257, 002
4, 958, 365
6
290, 100
376, 590
830, 198
7
735, 000
228, 142
934, 266
9
759, 650
97, 534
1, 102, 906
5
2,017,300
. 548, 693
5, 660, 873
9
761, 098
212, 761
976, 851
6
265, 000
51,433
593, 264
27
2, 924, 254
633, 688
5, 590, 552
48
1, 655, 500
890, 495
5, 178, 069
149
6, 618, 545
1, 370, 121
9, 151, 626
140
2, 864, 606
795, 997
4, 836, 266
8
505, 000
168, 555
2, 279, 135
4
170, 000
25, 423
173, 390
499
26, 169, 717
8, 028, 226
55, 738, 334
Number, Capital Stock, Surplus and Undivided Profits, and Deposits of
Loan and Trust Companies, 1886-’87.
States, etc.
Num-
ber.
Capital.
Official.
Surplus and
undivided
profits.
Deposits.
Maine
2
$190, 297
$33, 065
$539, 161
New Hampshire
1
200, 000
50,619
116, 983
Massachusetts
9
4, 150, 000
1, 074, 277
43, 972,419
Connecticut.
7
986, 600
251,990
2, 829, 975
New York State
5
1, 431, 900
843, 096
12, 558, 214
New York City
15
13, 900, 000
15, 928, 817
139, 348, 535
Minnesota
3
1, 0U0, OUO
125, 860
434, 083
Total
42
21, 858, 797
18, 308, 324
199, 799, 370
REPORT OF THE COMPTROLLER OF THE CURRENCY
43
Number, Capital Stock, Surplus and Undivided Profits, and Deposits of
Loan and Trust Companies, 1886- 87 . — Continued.
States, etc.
Num-
ber.
Unofficial.
Capital.
Surplus and
undivided
profits.
Deposits.
10
2
4
$12, 241, 972
1, 200, 000
1, 055, 000
$8, 524, 447
50, 850
309, G»8
$40, 244, 593
42, 536
104, 212
1G
14, 49G, 972
8, 884, 995
40, 391, 341
Number, Capital Stock, Surplus and Undivided Profits, and Deposits of
Savings Banks, 1886-’87.
Official.
States, etc.
a g
3 ©
5-°
Capital.
Surplus and
undivided
profits.
*Dcposits.
54
$2,199, 8G2
4, 604, 680
$37,215, 072
50, 822, 762
15, 587, 050
291,107, 900
53, 284, 821
97, 424, 820
482, 486, 730
G6
28
$4G0, 000
' 776! 112
172
12, 928, 350
2, 797, 248
37
85
4' 845i 63 1
85, 633, 329
2,412, 877
14, 879
1 1, 404
115
25
27, 482,135
204, 125
2
30, 105
District of Columbia
1
834i 524
11, 307
1
5, 991
374
Ohio
4
388, 32G
212 550
15, 065, 659
2, 312, 013
9, 969, 019
3, 891,653
70, 077, 893
(>
37
2, 128, 693
150, 000
4, 21G, 377
492/204
138, 908
Minnesota
24
2, 73l| 089
Total
GG4
*6, 901, 16G
120, 187, 883
1, 157, 867, 483
Num-
ber.
Unofficial.
States, elc.
Capital.
Surplus and
undivided
profits.
Deposits.
Philadelphia. -
5
$444, 700
$3,811,224
269, 740
1, 142, 697
1, 48S, 699
$42, 219, 099
2, 771,392
18, 816, 837
14, 061„258
Delaware
2
Maryland
8
Chicago
5
2, G55, 000
Total
20
3, 099, 700
6, 712, 300
77, 863, 586
* Duly 84 savings banks report capital.
Number, Capital Stock, Surplus and Undivided Profits, and Deposits of Pri-
vate Banks, 1886-’87.
States, etc.
N um-
ber.
Official.
Capital. •
■Surplus and
undivided
profits.
Deposits.
Missouri
85
68
29
$1, 3.31, 241
986, 435
3, 578, 468
$840, 579
479, 036
400, 577
$6, 495, 824
6, 229, 610
6, 118, 496
Wisconsin
California
Total
182 5,896,144
1,720, 192 18,843,930
44 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Number, Capital Stock, Surplus and Undivided Profits, and Deposits of
Private Banks, 1886-87— Continued.
States.
Num-
ber.
Capital.
Unofficial.
Surplus and
undivided
profits.
Deposits.
Massachusetts
5
$231, 000
$200, 008
$827, 880
Connecticut
4
78, 000
43, 821
387, 378
New York
41
1, 218, 272
843,811
6, 013, 485
New Jersey
3
109,325
102, 125
754, 489
Pennsylvania
40
1. 571, 351
090, 009
8, 990, 050
Maryland
3
10, 000
1, 254
47, 859
District of Columbia
1
33, 000
13, 118
79, 490
North Carolina
2
40, 000
22, 990
112, 535
South Carolina
3
87, 850
31, 330
51, 161
Georgia
32
740, 770
179, 050
372, 785
Florida
2
53, 000
5, 381
228, 129
Alabama
5
312, 01)0
2, 514, 632
3,471,209
Mississippi
2
120, 000
50, 970
129, 957
Louisiana
2
33, 000
8, 925
52, 285
Texas
IS
1, 709, 899
220, 458
1, 916, 563
Kentucky
15
631, 700
173, 003
1, 406, 540
Ohio
77
2, 949, 975
1, 213, 579
11,059, 045
Indiana
44
2,371,142
419.443
6, 319, 457
Illinois
99
4,240, 028
4, 233, 692
15, 128, 207
Michigan
55
994, 077
259,466
2, 914, 008
Iowa
139
5, 130, GOG
1, 265, 206
6, 143, 252
Minnesota
40
2, 895,615
348, 551
2, 642, 758
Kansas
55
2, 852, 934
076, 101
2, 426, 726
N ebraslca i
34
1,256, 262
267, 652
1, 538, 131
Colorado
8
221, 300
20, 095
999, 961
Nevada
2
108, 150
22, 215
93, 247
Oregon
3
186, 282
443, 409
818, 181
Dakota
77
2, 019, 189
364, 926
1, 155, 693
Idaho
2
127, 660
156, 751
54, 016
New Mexico
2
130, 000
26, 936
194, 919
Utah
7
995, 907
3,125, 391
1, 818, 718
Washington
2
225, 000
300, 039
513,310
Wyoming
7
338, 000
92, 916
730, 874
Arizona
2
90, 000
108, 329
344, 229
Total
819
34, 183, 294
16, 443, 708
77, 736, 527
Number, Capital Stock, Surplus and Undivided Profits, and Deposits of
State, etc., Banks, 1886-87.
Official.
Num-
ber.
Capital.
Surplus and
undivided
profits.
Deposits.
State banka
014
$114, 830, 660
21, 858, 797
6, 991, 166
5, 896, 144
$44, 943, 984
18, 308, 324
120, 187, 883
$390, 821, 688
42
199, 799, 370
Savings banks
664
1, 157, 867, 483
Private banks
182
1, 720, 192
18, 843, 930
Total
1 802
149, 576, 767
185, 160, 383
1,767,332, 471
Unofficial.
Num-
ber.
Capital.
Surplus and
undivided
profits.
Deposits.
409
16
$26,169,717
14, 496, 972
3, 099, 700
34, 183, 294
$8, 028, 226
8, 884, 995
6. 712,300
$55, 738, 334
Loan and trust companies
40,391,341
Savings banks
20
77, 868, 586
Private banks
819
16,443, 708
77, 736, 527
1,354
77, 049, 683
40, 009, 289
251,734, 788
REPORT OF THE COMPTROLLER OF TI1E CURRENCY. 45
Distribution’, Number, and Average par value of Shares of Stock of 1,120
Incorporated Banks in the United States on June 30, 1887.
N umber.
Number.
Number of shares of stock held by, —
1,009, 070
237, 062 ,",,
| Number of shareholders —
Resident
39, 477
Non-resident
7, 900
Same, in detail, held by —
Total
47, 377
1, 839, 886
Religious, charitable, and educa-
Number of shareholders owning spo-
tional institutions
9, 472
citic amounts —
Municipal corporations
1, 625
Owning shares to the par value
24, 609
Savings banks, loan and trust
of $1,000 and less
and insurance companies
41, 3891
Owning shares to the par value
All other corporations
13, 761
ot over $1,000 and less than
$5 000
14,812
Total issued
1,906, 133 J
Ovvuiug shares to the par value
Average par value of share
Number of shareholders —
Natural persons
$79.53
of $5,000 and less than $30,000 .
Owning shares to the par value
7, 397
46, 553
824
of $30,000 and over
Total :
559
47. 377
A table in the Appendix, page 175, shows, by States and Territories,
the estimated population of each, and the aggregate capital, surplus,
undivided profits, and individual deposits of national and State banks,
loan and trust companies, and savings and private banks in the United
States on June 1, 1887 ; the average of these per capita of population,
and the per capita averages of such resources in each class of banks,
from which it appears that the estimated population of the United
States, June 1, 1887, is 59,893,000; total banking funds amount to
$4,563,192,203, which is an average of $76.19. The per capita averages
of such resources in each class of banks are: National banks, $34.91;
State banks, $10.69; loan and trust companies, $5.07; savings banks,
$22.92; and private banks, $2.58.
The Comptroller is indebted for the estimates of population to Mr.
E. B. Elliott, Government Actuary, whose national reputation for
skill and accuracy in reaching conclusions by mathematical methods
is the surest guaranty that the figures given are as nearly correct as
possible.
The following table, stating, by geographical divisions, the number of
private banks in the United States, with the aggregate amount of their
capital, deposits, and investments in United States bonds, for the six
months ending May 31, 1882, has appeared in previous Beports. It is
repeated for the reason that it has been impossible to obtain similar
information from any official source since the date above mentioned :
Geographical divisions.
No. of
banks.
Capital.
Deposits.
Invested in
U. S. bonds.
New England States
Middle States
94
967
289
2, 062
$6, 215, 637
62, 418, 206
6, 334, 090
30, 308, 300
$6, 568, 310
112, 690, 656
20, 675, 301
149, 023, 311
$963, 958
9, 227, 728
107,167
3, 298, 990
Southern States
Western States and Territories
United States
3,412
105, 276, 233
288,957,578 , 13,597,843
46
REPORT OF THE COMPTROLLER OF THE CURRENCY,
FIFTH.
Names and Compensation of Officers and Clerks in the Office
Comptroller of the Currency, October 31, 1887.
Names.
William L. Trenholm..
Jesse D. Abrahams
George M. Coffin
John J. Crarvford.
Alonzo B. Dickerson . .
Robert P. Mayfield
David L. Perkins
Pinis E. Marshall
Theodore O. Ebaugh...
Charles J. Stoddard . . .
Charles E. Brayton
Edward A. Demaray . .
Watson W. Eldridge ..
John A. Hebrew
George T. May
Edmund E. Schreiner. .
W alter Taylor
Charles McC. Taylor ..
Thomas P. Kane
Harriet M. Black
Fernando C. Cate
Sarah F. Fitzgerald
Willis J. Fowler
William H. Heahl
Washington K. McCoy
Isaac C. Miller
Joseph K. Miller : .
William D. Swan*
Ephraim S. Wilcox
George H. Wood
William E. Colladay...
Julia R. Douoho
R. LeKoy Livingston . .
Edward S. May
Mary L. McCormick . . .
Morris M. Ogden
Margaretta L. Simpson
Arthur M. Wheeler. -• . .
Eveline C. Bates
Willard E. Buell
Eliza R. Hyde
Carrie L. Pennock
Eliza M. Peters
Charles A. Stewart
Tlierese E. Tilley
Frederick Widdows ...
Eliza M. Barker
Alice M. Kennedy
Lafayette J. Garner
Thomas H. Austin
Margaret L. Browne. . .
Louisa Camiffiell
Sarah M. Cartwright . .
Virginia H. Clarke
Sarah G. Clemens
Geraldine Clifi'ord
Richard W. Comly
Mary L. Conrad
Talma Drew
Amanda W. Doty
Henry S. Goodall
Margaret E. Gooding . .
Lncretia W. Knowlton.
Emma Lafayette
Edward H. Latch
Annie W. Lockhart
Maggie B. Miller
James D. Molor
Marv E. Oliver
Carrie P>. Pumphrey...
Marie Richardson
Francis M. Richardson
Hannah Sanderson
Eliza A. Saunders
Fayette C. Snead
. Grade.
Comptroller
Deputy Comptroller . . .
Chief of division
do
do
do
Superintendent
Teller
Book-keeper
Assistant book-keeper.
Fourth-class clerk
do
do
do
do
do
do
do
Stenographer
Third-class clerk
do
do
do
do *
do
do
do
do
do
do
?Second-class clerk .
do
do
do
do ..."
do
do
do
First-class clerk.
do
do
do
do
do
do
do
Clerk
do
Engineer
Clerk
do
do
do
rlo
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
* Additional as bond clerk, $200.
OF THE
Salary.
$5, 000
2, 800
2, 200
2, 200
2, 200
2, 200
2, 000
2, 000
2, 000
2, 000
1,800
1,800
1,800
1, 800
1,800
1, 800
1.800
1, 800
1, 600
1,600
1, 600
1,600
1,600
1, 600
1,600
1, 600
1,600
1, 600
1, 600
1,600
1,400
1,400
1,400
1,400
1, 400
1, 400
1, 400
1,400
1, 200
1,200
1, 200
1,200
1, 200
1,200
1,200
1, 200
1, 000
1,000
1,000
000
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
900
REPORT OF THE COMPTROLLER OF THE CURRENCY.
47
Names and Compensation of Officers and Clerks in the Office of the
Comptroller of the Currency, October 31, 1887 — Continued.
Names.
Grade.
Salary.
Clerk
$900
900
900
900
900
900
900
840
720
720
720
720
720
720
660
600
660
do
Philo L. Bush
do "
do
Laborer
do
expenses of the office of the comptroller of the currency for the year
ENDING JUNE 30, 1887.
For special dies, plates, printing, etc $31,454.10
For salaries 97, 653. 00
For salaries, reimbursable by national banks 15, 047. 97
The contingent expenses of the office are not paid by the Comptroller,
but from the general appropriation for contingent expenses of the
Treasury Department ; no separate account of them is kept.
ORGANIZATION AND EXPENSES OF THE BUREAU OF THE CURRENCY.
One subject of material importance to the banks and to the public is
the more complete organization and better equipment of the office of
the Comptroller of the Currency.
Each year greater numbers of new banks are organized, involving
increased correspondence, explanation, and book-keeping, and more
packages of currency to be kept safely ; each year the number of banks
in operation grows larger, calliug for a. wider scope of supervision,
more reports to be examined, corrected, and compiled, more letters from
banks to be received, more letters to be written to banks, more exam-
iners to be employed, and more correspondence maintained with them.
The number of receiverships also increases annually, causing more
work, more correspondence, and more book-keeping. The labor and
anxiety of continuous and simultaneous attention to twenty-eight
active receiverships can not be described. Almost every one of them is
involved in serious litigation, while in many of the cases pending not
only large amounts of money and great interests, but important prin-
ciples, are at staxe.
On the other hand, no relief comes from the reduction of circulation,
for the work in the divisions of issue and redemption varies with the
number of banks and not with the amount of bonds deposited or of cir-
culation issued, while every change in either bonds or circulation in-
creases the work in these or other divisions. Changes of bonds and
circulation become more frequent annually.
Without entering into wearisome details, it . must be obvious that the
growth of the national-bank system must impose upon the Comptroller
and the officers and clerks who assist him labors and responsibilities
48 REPORT OF THE COMPTROLLER OF THE CURRENCY.
which increase year by year, ami if the annual reports made to Con-
gress are compared with each other it will be found that they are con-
stantly becoming not only more voluminous but more complex in thhir
contents, and more exacting upon those charged with their preparation.
Not only is this the case, but the growing complexity and amplitude
both of mass and of detail which mark the annual Beports also reflect
a corresponding augmentation of mass and differentiation of detail in
the daily work of the Bureau.
The volume and the minute particularity of the contents of these lie-
ports imply antecedent operations of investigation, collocation, arrange-
ment, analysis, compilation, and statistical interpretation, which were
not possible wThen the national-bank system was less fully developed,
and which can not be adequately described.
In order that the present work of the Bureau may be properly per-
formed the following changes are essential:
1. The Deputy Comptroller should have a salary of $3,500. JSTo less
sum can be depended upon to secure or to permanently retain any one
entirely qualified for the position.
2. There should be provided for the Bureau a responsible legal ad-
viser, with such , clerks and books as may be necessary to the proper
examination of the questions that are daily presented in almost every
branch of commercial law.
3. There should be added to the four divisions now existing a division
of archives and statistics.
Provision should be made by appropriation for. an annual conference
in Washington of all examiners of national banks, for the employment
of supervising examiners, as recommended elsewhere, for such travel-
ing expenses as may be incurred by the Comptroller or Deputy Comp-
troller in visiting different sections of the country in connection with
the banks and banking interests there, and for the accumulation of a
library of standard books of reference on subjects related to banking
and financial legislation and administration.
In order that some measure of justice may be done to the officers and
clerks of the Bureau for the assiduity and intelligence by which alone
it has been possible to accomplish the constantly increasing tasks de-
volved upon them, the subjoined tables are respectfully submitted.
The first table has been made up from a report lately prepared for a
select committee of the Senate, aud it shows the number of letters and
papers handled, and the value of circulating notes and of incomplete
currency passing in and out of the Bureau during each of the last three
years.
The second table shows the number and compensation of officers,
clerks, messengers, and laborers employed in the Bureau, and the total
salaries during each year from 18G3 to 1887, inclusive.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 49
Number and value of Items representing Clerical Work in the Office of
the Comptroller of the Currency during each of the years 1884, 1885,
and 1886.
i N umber of—
1884.
1885.
1886.
Papers and letters received and filed
164,021
163,818
174, 826
Papers and letters examined
40, 088
50, 237
49, 154
Papers and letters copied
6, 564
5, 271
5, 148
Papers prepared and issuod
195, 113
246, 313
288, 602
Papers prepared tor Bureau use
151, 347
192, 040
209, 292
Letters written, copied, and indexed
74, 764
80, 187
74, 754
Certificates issued under seal
Packages of mutilated currency received, contents counted,
4, 963
7, 740
4, 903
and certified for destruction
42, 815
63, 878
90, 259
Packages of incomplete currency on hand at the end of each year.
Packages of incomplete currency received from Bureau of En-
4,449
4,640
4,814
graving and Printing, examined, and counted
Packages of incomplete currency counted for issue, strapped,
3, 552
3, 960
2, 250
and labeled
Packages of incomplete currency withdrawn from vault, opened,
31, 914
42, 127
53, 005
resealed, and replaced
Packages of incomplete currency made up for shipment, sealed,
33, 060
43, 332
53, 506
addressed, and delivered to mail or express
27, 419
36, 408
43, 009
Packages of bonds received, counted, and disposed of
Packages of bonds made up, sealed, and delivered to mail or ex-
1,345
451
1, 189
1,095
210
930
Entries in ledgers, journals, and other books of record
523, 879
657, 228
758, 319
Total
1, 312, 394
1, 597, 840
1, 813, 955
Value of—
1884.
1885.
1880.
Packages of mutilated currency received, con-
tents counted, and certified for destruction
Packages of incomplete currency on hand at the
end of each year
Packages of incomplete currency received from
Bureau of Engraving and Printing, examined
and counted
Packages of incomplete currency withdrawn
from vault, opened, resealed, and replaced*
Packages of incomplete currency made up for
shipment, counted, strapped, sealed, addressed,
and delivered to mail or'express
Packages of bonds received, counted, and dis-
posed of
Bonds on deposit with United States Treasurer
to secure circulation December 31, each year. . .
Bonds deposited to secure circulation during
each year
Bonds withdrawn from deposit each year
Total
$110, 529, 684. 50
70, 384, 220. 00
83, 496, 110. 00
523. 104. 120. 00
80, 325, 920. 00
114, 711,250. 00
318.655.050.00
43.450.050.00 j
72.333.200.00
1, 416, 989, 604. 50
$104, 266, 700. 00
75, 125, 290. 00
102,369,620.00
701,545, 080. 00
83, 600, 300. 00
47,311, 700. 00
306, 008, 750. 00
17,333, 000. 00
29, 979, 300. 00
1, 467, 605, 740. 00
$78, 375, 583. 50
59, 405, 780. 00
40, 759, 460. 00
660, 261, 040. 00
55, 518, 170. 00
145, 736, 000. 00
229, 438, 350. 00
35, 582, 500. 00
112, 152, 900. 00
1, 417, 232, 783. 50
'Estimated by number of packages withdrawn and deposited, as compared with average value per
package at time of vault-test by committee.
8770 CUR 87 4
50 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Comparative Statement of N ember of Banks Organized and Number under
Supervision, up to the end of each Fiscal Year from 1863 to 1887, together
with the Number and Compensation of the Officers, Clerks, etc., in the
Bureau of the Currency for each Year.
Tears.
Number of
banks or-
ganized up
to October
31 in each
year.
Number of
banks in oper-
ation and in
tbe hands of
receivers on
October 31 of
each year.
Number of
officers,
clerks, mes-
sengers, etc.
Amount
of salaries
for fiscal
years.
Additional
salaries
20 percent.,
and reim- .
bursed
by national
banks.
Total.
1863
117
117
8
$1, 991. 17
1864
561
561
42
26, 792. 89
1865
1, 601
1, 600
85
58] 374. 16
1866
1, 665
1, 652
73
86] 826. 01
1867
l] 673
l] 649
08
109, 6U0. 00
$14, 749. 28
$124, 349. 28
1868
1,685
1, 643
74
89, 335. 20
186!)
1,694
l] 635
68
97, 404. 20
1870
l] 731
1 ] 657
78
86] 940. 12
1871
1 , 886
l] 801
87
1 0 1] 400. 00
1872
2, 061
f 965
84
101, 140.00
1873
2, 129
2, 012
94
112, 800.00
1874
2, 200
2, 063
98
118. 500.00
1875
2, 307
2 , 132
130
120, 680. 00
12, 410.80
133, 090. 80
1876
2,343
2, 136
130
122, 605. 95
33, 675. 76
156, 281.71
1877
2, 372
2,139
99
109, 391.93
25, 457. 22
134, 849. 15
1878
2,400
2, 127
101
104, 820. 00
22, 297. 28
127, 117. 28
187!)
2, 438
2, 131
99
103, 280. 00
22,219. 97
125, 499. 97
1880
2, 495
2, 181
91
101, 400. 00
22, 205. 20
123, 105. 20
1881
2, 581
2, 155
90
101,383. 64
16, 745. 80
118, 1.9. 44
1882
2, 808
2, 394
93
101,398. 88
16, 641. 50
118, 040. 38
1883
3, 070
2, 620
93
102, 397. 08
16. 792. 56
119, 189. 64
1884
3, 261
2, 771
92
102, 151.01
16, 567.48
118,718.49
1885
3,406
2, 831
90
101,674.47
16, 756. 43
118, 430. 90
1886
3, 581
2, 981
89
96, 494. 67
13, 742. 99
110, 237.66
1887
3, 805
3, 180
92
97, 653. 00
15, 047.97
112, 700. 97
No words can add force to the testimony of these figures, and yet
they represent only imperfectly the annually growing disparity between
the work accomplished in the Bureau and the number and compensa-
tion of those upon whom the burdens and the responsibilities rest.
If the considerations here presented should be deemed insufficient to
justify more liberal appropriations, there is the further reason that
without more enlarged facilities the valuable information continually
accumulating will soon get beyond the present overtaxed capacity of
the Bureau, and its value will become lost.
INFORMATION.
Section 333 of the Eevised Statutes of the United States, in prescrib-
ing the scope of the annual Beport to be made by the Comptroller of
the Currency, imposes upon that officer the further dutyof submitting to
Congress such other information in relation to the banks as in his judg-
ment may be useful. The following information is accordingly submitted:
BEPORT OE THE COMPTROLLER OF THE CURRENCY
51
The following table gives the number of national banks organized in
each State and Territory during the year ending October 31, 1887, with
their aggregate capital, bonds, and circulation :
States and Territories.
Num-
ber of
banks.
Capital.
Bonds.
Circulation.
Maine
2
$100, 000
$25, 000
$22, 500
Massachusetts
i
100, 000
25, 000
22, 500
Connecticut
0
200, 000
50, 000
45, 000
Division No. 1
5
400,000
100, OCO
90, 000
Now York
8
4, 005, 000
191, 500
172,350
New Jersey
7
825, 01 0
200, 250
185, 625
Pennsylvania
12
2,135, 000
373, 800
336, 400
Division No. 2
27
7, 025, 000
771, 550
694, 375
Delaware -
1
50, 000
12, 500
11,250
Maryland
3
150, 000
37, 500
33,750
Districtof Columbia ,
1
250, 000
50, 000
45, 000
West Virginia
1
50, 000
15, 000
13, 500
Division No. 3
0
500, 000
115, 000
103, 500
North Carolina ...
1
50, 000
12, 500
11, 250
South Carolina
1
50, 000
12, 500
11,250
Georgia
4
400, 000
100,000
90, 000
Florida
2
100, 000
25, 000
22, 500
Alabama
8
1, 409, 000
252, 500
227, 250
Mississippi
4
300, 000
75, 000
67, 500
Louisiana
4
400, 000
100, 000
90, 000
Arkansas
2
150, 000
37, 500
33, 750
Texas
18
2, 140, 000
460, 000
414, 000
Tennessee
6
1, 200, 000
187, 500
168, 750
Division No. 4
50
6, 199, 000
1, 262, 500
1, 136, 250
Ohio
11
2, 030, 000
382, 500
344, 250
1 ndiana
2
100, 000
25, 000
22, 500
Illinois
12
1, 500, 000
304, 500
274, 050
Michigan
4
800, 000
102, 500
92, 250
Wisconsin
8
580, 000
145, 000
130, 500
Division No. 5
37
5, 010, 000
959, 500
803, 530
5
350, 0C0
87, 500
78, 750
Minnesota •-
4
1,450, 000
162, 500
146, 250
Missouri
7
3, 100, 000
212, 500
191) 250
Kansas
41
3, 392, 000
760, 500
684, 450
Nebraska
13
710, 000
177, 500
159, 750
Division No. 6
70
9, 002, 000
1,400,500
1,260,450
Colorado
4
350, 000
87, 500
78, 750
Arizona
1
100,000
25, 000
22, 500
California
7
750, 000
187, 500
168, 750
Oregon
5
310, 000
77, 500
69, 750
Division No. 7
17
1, 510, 000
377, 500
339, 750
Dakota
9
500, 000
125, 000
112, 500
Montana
1
50, 000
12, 500
11,250
Washington
2
250, 000
62, 500
56, 250
Wyoming
1
100, 000
25, 000
22, 500
Division No. 8
13
900, 000
225, 000
202, 500
Grand total
225
30, 540, 000
5, 211, 550
4, 690, 375
52 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Eight national banks, with an aggregate capital of $1,550,000, failed
and were placed in the hands of receivers during the year, as is shown
in the following tabulated statement, to which is appended an account
of the chief cause of failure iu each case :
Statement of Banks Failed during the tear, their Capital, Surplus, and
Liabilities according to last Report of Condition.
t
Date of
authority to
commence
business.
Date of
failure.
Receiver
As shown at date of last report of
condition in each case.
Jfamo and location of bank.
>
ap-
pointed.
Capital.
Surplus
and un-
divided
profits.
Other lia-
bilities.*
Date of
last
report of
condi-
tion.
First National Bank, Pine
Bluff, Ark
Sept. 1 8, 1882
1886.
Nov. 15
1886.
Nov. 20
$50, 000
$22, 864
$184, 697
1886.
Oct. 7
Palatka National Bank, Pa-
latka, Fla
Nov. 20, 1S84
1887. •
May 30
1887.
June 3
50, 000
1, 882
14, 051
1887.
May 13
Fidelity National Bank, Cin-
cinnati, Ohio
Feb. 27, 1886
June 20
Juno 27
1, 000, 000
120, 283
5, 867, 064
May 13
Henrietta National Bank,
Aug. 17
Henrietta, Tex
Aug. 8, 1883
July 25
50, 000
12', 328
99, 598
May 13
National Bank of Sumter,
S.C
Nov. 26, 1883
Aug. 22
Aug. 24
50, 000
10, 774
112, 763
Aug. 1
First National Bank, Dans-
87, 852
ville, N. Yt
Sept. 4,1863
Aug. 25
Sept. 8
50, 000
23, 863
Aug. 1
First National Bank, Corry,
Pal
Dec, 6, 1864
Sept. 16
Oct. 11
100, 000
10, 314
172, 857
Aug. 1
Stafford National Bank, Staf-
ford Springs, Connt
Jan. 7, 1865
Oct. 12
Oct, 17
200, 000
25, 048
293, 476
Aug. 1
Total
1, 550, 000
236, 356
6, 832, 358
* Total, as per report, except capital, surplus, circulation, undivided profits, and unpaid dividends,
t Extended.
The First National Bank of Pine Bluff, Ark., failed because of the
failure of its president, who was engaged in buying and shipping cotton
on a scale too extensive for his means. To handle this business he made
use of the bank, and at the date of failure he was maker or indorser of
more than two-thirds of its bills receivable, the only security for which
consisted of mortgages on land, crops, and plantation chattels. He had
also undertaken a railroad enterprise which he was unable to carry
through, and the bank had a great deal of money locked up iu the stock
and bonds of the railroad company. A large amount of bills receivable
having been rediscounted, and the president being unable, through lack
of railroad transportation, to make prompt shipments of cotton to meet
their maturities, the bank suspended. No run was made by the depos-
itors. A dividend of 25 per cent, was paid to the creditors of the bank,
about five months after date of failure, on claims aggregating $04,950.08.
The Palatka National Bank, of Palatka, Fla., suffered an impair-
ment of capital through losses attributable mainly to the gradual with-
drawal of deposits by customers who were moving out of the locality,
general stagnation of business, and a marked decline iu the enterprises
of the town. The directors made an abortive effort to place the bank
in voluntary liquidation, but the requisite stockholders’ vote could not
be obtained. In less than sixty days after appointment of the receiver
the creditors were paid principal and interest in full on claims aggre-
gating $9,379.09, and tho remaining assets of the bank have been turned
over to an agent of tho stockholders, under the provisions of tho act
approved June. 30, 1870.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
5:1
The Fidelity National Bank of Cincinnati, Ohio, was reduced to in-
solvency through the reckless management of its board of directors,
who suffered certain of their number to divert its funds and to prosti-
tute its credit in support of a speculation in wheat in Chicago during
the months of March, April, May, and June of this year. In the
progress of this nefarious enterprise many provisions of the national
banking laws were violated, and the public was deceived bjr false state-
ments as to the capital, surplus, and business of the association. While
entertaining grave apprehensions as to the management of this bank,
the Comptroller had no evidence, either from its reports of condition or
from an examination made in March, to justify any measure on his part
likely to discredit it, or to embarrass its directors in the conduct of its
affairs.
On June 20 the Comptroller received notice of the protest in New
York of $200,000 of its drafts, and immediately notified the examiner,
who had been waiting in Cincinnati and the vicinity for several weeks to
act upon any information which should justify a re-examination. Ho
entered the bank immediately, and finding it insolvent took possession
under instructions. The doors were not opened on the morning of the
21st, and on June 27 a receiver was appointed and took charge of its
affairs. Upon obtaining evidence sufficient for the purpose, the Comp-
troller caused proceedings to be taken under section 5239, Revised
Statutes, to dissolve the corporation and to have its franchises declared
forfeited. A decree to this effect was made July 12 in the United
States circuit court for the southern district of Ohio. No appeal was
taken. Upon the basis thus prepared suit has been brought by the
receiver against every director implicated in the violations of law,
and such damages as the courts will grant, and the personal means of
the directors can be made to supply, will be collected and applied to
the relief of those who have suffered loss or damage. A dividend was
declared on October 31 of 25 per cent, on all claims proved and allowed,
amounting to $2, 3S6, 569.20.
A very large number of accounts with corresponding banks are still
unadjusted, ayd claims are in dispute aggregating about $1,000,000
of which it is feared the larger part can be settled only by litigation.
Both the examiner and the receiver were early instructed to supply to
the United States district attorney for the southern district of Ohio all
evidence they could find indicating criminal misconduct on the part of
any of the directors or officers of the bank, and arrests were promptly
made upon the evidence furnished by them. The Attorney-General
joined with the Comptroller in the employment of special means for de-
tecting the persons implicated in the misappropriation .of the bank’s
funds, and the Solicitor of the Treasury, the district attorney, the
Chief of the Secret Service Division of the Treasury, and the officers
detailed for the work entered heartily and efficiently into all measures
for discovering and establishing their guilt. Indictments have been
found against several persons, and their trials will shortly take place.
It is to be hoped that this conspicuous instance of fraudulent conduct
and lax administration may furnish occasion for establishing a just de-
gree of responsibility on the part of directors.
The Henrietta National Bank of Henrietta, Tex., became involved
in the cattle business of its president and four other directors, who con-
stitute a majority of the board, and own more than half the capital stock
of the bank. In the names of their several firms these five directors had
each borrowed from the bank amounts largely in excess of the limit pre-
scribed by law, and their aggregate indebtedness exceeded the entire
54 REPORT OF THE COMPTROLLER OF THE CURRENCY.
capital stock. The drought iu Texas last summer caused heavy losses
in the cattle trade, and as soon as the firms referred to became embar-
rassed their property was attached, and this precipitated the failure of
the bank. While the management is to be condemned, it must be said
that the principal debtors of the bank had been men of large means, and
that its other assets were fairly sound. Within sixty days of its sus-
pension a dividend of 50 per cent, was paid to the creditors on claims
aggregating $64,784.31.
The National Bank of Sumter, S. C., closed its doors on August 20.
Two days before the cashier had absconded, carrying with him a consider-
able amount of money belonging to the bank. This person performed
the duties of cashier, teller, and book-keeper, and was thus in a posi-
tion to conceal his embezzlements until they exceeded in amount the
capital stock of the bank. The president seems to have been often
absent and habitually negligent, and although a committee was ap-
pointed quarterly by the board of directors to examine the affairs of
the bank, the members of it must have been incompetent or neglectful
of the trust thus confided to them. No evidence has been as yet ob-
tained sufficient to justify proceedings under section 5239, United
States Revised Statutes, and in presence of the decision in the case of
Movius, receiver, v. Directors of the First Natioual Bank of Buffalo,
the Comptroller has not felt justified in subjecting this impoverished
trust to the expenses of a suit against the directors at common law.
The assets are estimated to be good, and a dividend of 75 per cent, will
probably be paid before the end -of this year.
The First National Bank of Dansville, N. Y., was wrecked by its
president, who telegraphed to the Comptroller August 26 that the
bank had closed its doors, and immediately absconded to Canada.
When the national- bank examiner took possession of the bank the most
important books and papers were missing, and those which remained
contained little that was true. Nothing but a judicial investigation
will unravel the tangle of falsehood and chicanery by which the publfc
lias been deceived and robbed, 'and a once honored family disgraced.
The stock of the bank belonged almost Avholly to a single family, and
all its losses are chargeable to the operations of the president and one
of his brothers. Evidence sufficient to justify a criminal investigation
has been laid before the district attorney of the United States for the
western district of New York, by whom proceedings have been com-
menced against the only parties within the jurisdiction of the court.
The First National Bank of Corry, Fa., was crippled by mismanage-
ment several years ago. Its stockholders have had no dividends since
1881. In 1883 a change was made in the officers and directors, but the
new men proved unequal to the exigency. It appears that the presi-
dent lived several miles away from Corry, and that the cashier was
negligent, and a poor business man, while the directors were weak or
inattentive. In consequence of general neglect the bank went from
bad to worse, and the cashier is particularly censured for not fully in-
forming the directors of the true condition of a large amount of paper
which was thus allowed to become entirely worthless. Added to the
effects of weak management there was a constant shrinkage in the
value of the old assets, and recently adverse decisions were rendered
in important litigation, and the losses on current business proved to be
large.
The bank suspended on September 16, and upon examination it ap-
peared that about 80 per cent, of the capital was lost. Ample time was
allowed the stockholders to make this good, in accordance with section
REFORT OF THE COMPTROLLER OF THE CURRENCV.
00
5205 United States Revised States, but their efforts proving unsuc-
cessful, a receiver was appointed, wlio qualified and took possession
on October 11. The assets as at present estimated should pay the
creditors in full, but no dividend has yet been declared owing to slow
collections.
The Stafford National Bank of Stafford Springs, Conn., lost upward
of 8100,000 by its cashier, who is now under arrest, charged with em-
bezzlement and misappropriation of the funds of the bank. It appears
that he was intrusted with the entire management of the bank’s af-
fairs, and was successful in deceiving the president and directors by
means of fictitious notes and cash items, and the manipulation of the
accounts of correspondent banks. His operations extended over a
considerable period of time, and involve very large amounts of money
lent to a lumber company, of which he was treasurer. The true condi-
tion of this bank was ascertained by a special examination ordered in
September, out of the regular term, and the arrest of the cashier was
the first notice the public had of the bank’s being in trouble. The loss
to the bank is nearly equal to the amount of its capital, but it is ex-
pected that enough will be realized from the assets to nearly or quite
pay the creditors in full.
Tables will be found in the Appendix, pp'. 206-212, showing the
amount of capital, nominal assets, amounts collected, claims proved,
and dividends paid, according to the facts in each of these cases, and
other statistical information in relation to all insolvent national banks.
A table, Appendix, p. 212, has been prepared with great care and
minute accuracy, showing every item of public interest connected with
each bank that has been placed in the hands of a receiver since Janu-
ary 1, 1877. It was desired to embrace in this table similar information
as to all failed national banks, but it appears that prior to 1877 the va-
rious items in the reports of receivers were not always classified, as they
have been since that date, and their uniform classification involved so
much labor that it could not be completed in time for this Report. In
some of the earliest cases the information on file seems to be very
meager.
THE ORGANIZATION OF NATIONAL BANKS.
As the laws now stand a national banking association may be formed
by any number (not less than five) of natural persons, and any bank-
ing corporation having a State or Territorial charter may be converted
into a national banking association. Every person applying for infor-
mation as to the formation of a national bank, or the conversion of a
State bank, is supplied with a copy of the national bank laws and a book
of instructions as to the practical steps to be taken in effecting either of
these purposes. He is also requested to cause a formal notice to be filed,
setting forth the name of the place at which the bank is to be located,
the title selected, and the names of at least five among those who intend
to subscribe for the capital stock. After notice has been filed the person
or persons acting in the matter are furnished with blank forms to be
used in effecting an organization, and the title which they have selected,
if it is approved, is reserved for them for a reasonable period. The forms
sent include articles of association, organization certificate, certificate
upon which officers and directors are to set forth the facts which it is
necessary for the Comptroller to know before authorizing the bank to
begin business, oaths of directors, and a blank order for circulating
notes. As soon as these papers are returned, duly executed, and all the
56
REPORT OF THE
COMPTROLLER OF THE
CURRENCY.
requirements of the law have been complied with by the corporators, the
Comptroller’s certificate to that effect is issued. The requirements of
law for the formation of new banks are simple and reasonable, the only
one appearing onerous being that which requires the bank to deposit in
the Treasury certain amounts of United Slates registered bonds bearing
interest.
Under the act of February 25, 1863, national banking associations were
required to deposit with the Treasurer United States bonds to the amount
of one-third their paid-in capital. In 1864 this provision was amended
by fixing $30,000 as the minimum amount of bonds for any bank.
The act of June 20, 1874, permitted associations to withdraw any
bonds they might have on deposit in excess of $50,000. Obviously this
affected only banks of which the capital exceeded $150,000.
The act of July 12, 1882, specified that banks of which the capital
does not exceed $150,000 should be required to keep on deposit bonds
to the amount of one-fourth of their capital.
By a special provision of law banks and banking corporations hav-
ing State charters may be converted into national banks upon satisfy-
ing the Comptroller of the Currency that they are in sound financial
condition, and upon cpmplying with such of the general requirements
of the law as are applicable to them.
CONVERTED AND* ORIGINAL RANKS.
It will be seen from the foregoing statement that banks that enter
the national system are of two classes, viz, institutions already organ-
ized under State laws, converted to national banks under section 5154,
Keviscd Statutes of the United States, and national banking associa-
tions primarily organized as such under various acts of Congress:
The following tables show the history of these two classes :
Whole Number of State Banks Converted to National Banking Associations, their Capital at Date of Conversion Present
Capital and Surplus ; specifying such as have since gone into Voluntary Liquidation, and such as have become Insolvent.
Existing. Voluntary liquidation. I Insolvent.
REPORT OF THE COMPTROLLER OP THE CURRENCY.
57
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Present Capital and Surplus, specifying such as have since gone into Voluntary Liquidation and sucii as have become Insolvent.
58
REPORT OF THE COMPTROLLER OF THE CURRENCY.
59
REPORT OF T1IE COMPTROLLER OF THE CURRENCY.
EXTENSION OF TIIE CORPORATE EXISTENCE OF NATIONAL RANKS.
The act of July 12, 1882, coutaius the only provision made for the
extension of the corporate existence of national banks, and 1,234 asso-
ciations have availed themselves of this privilege. Annexed is a table
brought down to October 31, 1887, showing the capital of these extended
banks and their geographical distribution.
Table Showing, by States, the Number and Capital of National Banks, tiie
Corporate Existence of which was Extended prior to November 1, 1887.
States and Territories.
Alabama
Arkansas
Colorado
Connecticut
Delaware
District of Columbia
Georgia
Illinois
Indiana
Iowa
Idaho
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Missouri
No. of
banks.
Capital.
States and Territories.
No. of
banks.
Capital.
o
$350, 000
Montana
1
$500, 000
I
250, 000
Nebraska
3
750, 000
.i
460, 000
New Hampshire
35
4, 605, 000
7:t
22, 450, 820
Now Jersey
48
9, 783, 350
n
1, 503, 185
New York
222
72,672,460
2
500, 000
North Carolina
3
650, COO
o
1,450,0,0
South Carolina
2
750, 000
48
G, 240, 000
Ohio
82
14, 854, 0U0
32
4, 157, 000
Oregon
1
250, 000
25
2, G95, 000
Pennsylvania
1G5
44, 470, 390
1
100, 000
Rhode Island
59
19, 959, 800
3
300, 000
Tennessee
6
1, 750, 000
11
3, 150, 000
Texas
4
G25, 000
2
1, 300, 000
Vermont
29
5, 256, 000
53
8, 630, 000
Virginia
10
2, 016, 000
29
12, 069, 000
West Virginia..
11
1, 341, 000
199
19
85,712,500
1, 575, 000
Wisconsin
19
1, CS5, 000
G
8
2, 100, 000
3, 150, 000
Total
1, 234
340, 069, 505
The following table accounts for all banks organized, and shows liow
many of these have been extended, and how many are still in operation
under the original organization certificates :
Total Number of Banks Organized under the National Currency Act of
February 25, 1863, and the National-Bank Act of June 3, 1864, the Num-
ber Extended under the Act of July 12, 1882, and Still in Operation
UNDER THEIR ORIGINAL CERTIFICATES OF ORGANIZATION, AND TIIE TOTAL NUM-
BER in Operation October 31, 1887.
' a
Act February
Act June 3, 1864.
Total.
25,1863.
Before 1882.
Since 1882.
Originally organized
488
2,278
347
146
In operation July 12, 1882
342
1, 931
2, 273
Organized since Jnlv 12, 1882
1,039
Since passed into voluntary liquidation to
97
37
141
Since in voluntary liquidation by expira-
tion of corporate existence
20
1
20
9
30
28
172
46
Extended under act Jnly 12, 1882
314
920
1,234
To reach the term of corporate existence
849
Passed into voluntary liquidation sinco ex-
3
riaced in bands of receivers since extension
3
6
Still in operation under original organiza-
308
1,759
1
2, 0G7
Restored to solvency and resumed business.
Total number in operation October
31, 1887
30S
1, 760
993
3, 061
GO REPORT OF THE COMPTROLLER OF TIIE CURRENCY.
The figures in the table as to the number of bauks organized under
these two acts, respectively, conform to the records of the office, but are
not in conformity with the Comptroller’s reports of previous years.
The discrepancy is attributable to the fact that certain banks origi-
nally organized under the act of 1863 afterward went into voluntary
liquidation and were reorganized under the act of 1864. Iu the records
of the office they stand among the banks organized under the latter
act, while in the reports they have been included with banks organized
under the act of 1863. It is perhaps a matter of but little consequence,
but upon principle it seems best that the report should reflect accurately
the records as they are.
From the foregoing table it will be found that all of the banks organ-
ized under the national currency act of 1863 have either ceased to exist
or have had their corporate existence extended, while of those organ-
ized prior to July 12, 1S82, under the national-bank act of 1864, 1,760
are still in operation under their original certificates of organization.
The following table shows how many of these 849 banks will reach
the expiration of their corporate existence during each year from 1888
to 1901, inclusive, with their capital and circulation :
Years.
No. of
banks.
Capital.
Circulation.
1888
10
$1, 250, 000
600, 000
9, 560, 500
12, 358, 900
13,815, 100
4, 701, 000
7, 628, 000
11, 259, 000
$321, 750
184, 500
364, 000
] 889
3
1890..
61
1891..
97
4, 040| 685
4, 562, 760
1, 982, 925
2, 812, 720
4,431 610
1892
100
1893
38
189 1
63
1895
70
Years.
No. of
banks.
Capital.
Circulation.
1896
23
$2,173, 800
3, 419, 000
2, 679, 000
4, 995, 000
7, 807, 100
$986, 650
1, 171, 295
1897
24
1898
25
i; 198; 350
2, 270, 700
2,153, 330
3, 702, 350
1899
39
1900
50
1901
108
14; 669; 150
Total
717
96, 915, 550
30, 183, 625
The number, capital, and circulation of the national banks of which
the periods of succession terminated between October 31, 1886, and Oc-
tober 31, 1887, are shown by the following table, which also indicates
the number of which the corporate existence has been extended :
Date.
No. of
banks that
have ex-
pired.
Capital.
Circula-
tion.
No. of
banks that
have ex-
tended.
Capital.
Circula-
tion.
1886.
December
1
$150, 000
$135, 000
1
$150, 000
$135, 000
1887.
March
3
700, 000
162, 000
3
700 000
162, 000
May
1
100, 000
90, 000
1
100, 000
90, 000
Total
5
950, 000
387, 000
5
950, 000
387, 000
The corporate existence of one national bank, with a capital of
$250,000, will expire in November of this year, and the corporate exist-
ence of ten national banks, with an aggregate capital of $1,250,000,
will expire during the year 1888.
REPORT OF TIIE COMPTROLLER OF THE CURRENCY. 61
National Banks of which the Corporate Existence will Expire during the
Year 1888, with the Date of the Expiration, the Amount of Capital Stock
of each Bank, the United States Bonds on Deposit with the Treasurer,
and the Amount of Circulation issued thereon.
Charter
number.
Title of bank.
State.
Expira-
tion of
corporate
exist-
ence.
Capital
stock.
United
States
bonds.
Circula-
tion.
lfiTfi
Pa....
1888.
Jan. 1
$100, 000
100, 000
$68, 000
25, 000
$61,200
22, 500
1677
The Greene County National Bank of Spring-
field
Mo . ...
Jan. 8
1678
The Union Stock-Yard National Bank of Chi-
cago (Lake)
Ill ....
Feb. 29
500, 000
50, 000
45, 000
1680
The Carolina National Bank of Columbia
S.C...
Mar. 14
100, 000
25, 000
22, 500
1 (W3
May 20
J une 2
75, 000
100, 000
125, 000
20. 000
25, 000
18, 000
22, 500
1
N. C . .
1 fiflfi.
Pa
Aug. 31
Sept. 2
32, 000
50, 000
28; 800
45, 000
1688
The First National Bank of Hillsborough
N. H..
50. 000
1 tiflfl
Oct. 27
50, 000
12, 500
50, 000
11, 250
45, 000
1686
The First National Bank of Faribault.
Minn .
Nov. 21
50, 000
SHAREHOLDERS IN BANKS.
In the report of last year tables were given by which a comparison
could be made between the distribution of the shares of national banks
in 1886 and the distribution as shown by tables reproduced from the
Comptroller’s Report of 1876.
The tables subjoined hereto afford a comparison between the distri-
bution of national-bank stock and that of the stock of State banks and
loan and trust companies, so far as the latter can be ascertained.
0
1
2
3
4
5
6
7
8
9
10
1 I
12
13
14
15
10
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
REPORT OF THE COMPTROLLER OF THE CURRENCY
)lSTRIBUTION,
by States, etc., Number, and Par Value at $100 each, of Shares
State, etc.
No. of
hanks.
Number of shares
held by—
Same, in detail, held by —
State
residents.
Non-
State
resi-
dents.
Natural
persons.
Relig-
ious,
charita-
ble, and
educa-
tional
institu-
tions.
Munic-
ipal
corpo-
rations.
Savings
banks,
loan
and
trust
and in-
surance
com-
panies.
All
other
corpo-
rations.
Maine
72
98, 984
5, 116
82, 702
2, 237
19, 1C1
New Hampshire
49
57, 101
< 949
51, 848
25S
5
9; 934
10
Vermont
49
67, 426
7, 734
72, 181
51
102
2, 826
. - .
Massachusetts
198
411,750
35, 155
373, 782
4, 833
661
67, 618
li
Boston
54
475, 571
33, 929
264, 326
10 600
231
225, 275
68
Rhode Island
61
191, 264
12, 136
172, 519
4, 458
1,052
25, 366
5
Connecticut
83
224, 368
22, 325
183, 325
7,026
363
55, 466
513
Division No. 1
566
1, 526, 464
121, 344
1, 200, 678
38, 4G3
2,414
405, 646
607
New York
2C9
333, 320
13, 977
346, 126
391
780
New York City
46
326| 061
162; 439
457, 853
3, 067
190
27, 087
298
Albany
6
16, 585
915
17,098
39
363
Now Jersey
80
119’ 535
10, 748
129; 116
514
60
593
Pennsylvania
237
319i 874
10; 529
337| 461
541
25
1,158
218
Philadelphia
43
218, 670
7, 910
223, 760
528
20
2, 272
Pittsburgh
23
99' 060
2, 740
100; 192
223
•i; 385
Division No. 2
704
1, 433, 105
218, 258
1, 611, 611
5,303
295
33, 638
516
Delaware
17
17, 426
3,414
20, 435
145
229
31
30
26, 724
’ 943
26, 526
342
238
571
Baltimore
17
112; 080
5, 053
103, 365
6, 359
61
7, 293
55
"Washington
7
11,766
3, 984
15, 364
> 13
373
1
2, 040
480
2,' 435
66
19
Virginia
25
30| 139
7, 824
36; 329
498
65
1,071
West Virginia
20
15; 903
Si 207
17; 891
9
500
'410
300
Division No. 3
117
21G.078
24, 905
222, 345
7, 432
1, 102
9, 749
355
18
21,750
2, 510
24, 232
7
21
16,253
L 227
17,233
92
87
68
19
19’ 125
10, 235
27; 213
33
1
2,113
8
4j 110
' 890
5; 000
20
3lj 269
3,671
31,820
20
100
11
2, 285
y; 175
5
4, 865
’ 135
4; 953
10
31
8
20' 775
8,475
28; 220
2
1, 018
10
87
79| 271
18j 329
97; 292
30
75
'203
7
7. 724
1 , 276
9; 000
59
93, 420
4, 169
96; 971
414
177
27
9
31,465
4,050
35; 099
160
194
62
40
07, 074
7; 101
73; 930
85
160
Division No. 4
306
404, 066
64, 353
463, 138
839
18S
4,160
99
190
213, 122
12, 818
221,958
128
854
15
95, 087
8 913
99; 646
40
4,314
9
00 384
6 610
6(i, 031
275
94
92
108^ 798
9, 647
118; 281
54
110
100
132 306
9, 149
14 h 209
61
245
18
131 143
19 8B7
149,' 950
550
99
90 7G0
10, 086
106; 826
20
8
36 903
2 087
39; 000
53
41 170
3,' 180
44; 325
10
15
3
4, 366
2 134
6; 500
Division No. 5
647
920, 159
83, 937
997, 326
568
0, 108
94
127
82 582
19, 218
101,379
421
57
90, 582
38, 818
132; 152
252
2, 900
96
35
23 590
1 , 720
25, 270
40
5
24, 385
5,’ 615
29; 772
44
184
9
10 770
2l' 230
35; 558
25
2,417
2
2 322
078
3; 000
123
GO 036
24, 255
89, 462
829
94
48, 737
ll| 108
59; 838
07
8
16, 573
7,427
24,' 000
Division No. 0
457
377, 577
130, 129
500, 431
321
0, 858
00
REPORT OF THE COMPTROLLER OF THE CURRENCY. 63
of Stock of National Banks on tiie First Monday of July, 1887.
Total
shares
issued.
Number of shareholders.
Number of shareholders owning specific
amounts.
1
2
3
4
5
6
7
K umber
reduced
to par
value of
$100 each.
Natural
persons.
Corpo-
rations.
Resident.
Non-
resi-
dent.
Total.
Owning
shares to
the par
valuo of
$1,000 and
less.
Over |
$1,000 and
loss than
$5,000.
Over
$5,000 and
less than
$30,000.
Over
$30,000.
104, 100
62, 050
75, 160
446, 905
509, 500
203, 400
246, 693
6,965
3, 896
3, 905
31, 120
17, 236
12, 482
13,454
539
145
44
794
3, 235
457
910
6, 985
3,573
3, 544
28, 905
18, 203
11, 631
12, 831
519
468
405
2, 949
2, 268
1, 308
1,533
7, 504
4, 041
3, 949
31,914
20.471
12, 939
14,364
5,335
2, 858
2, 500
22, 931
11,309
7, 8S8
9, 796
1, 790
970
1,140
7, 409
6, 459
4, 295
3, 696
307
199
284
1, 450
2,578
726
795
12
14
19
64
125
30
77
1, 647, 808
89,058
6, 124
85, 732
9,450
95, 182
62, 623
25, 819
6, 399
341
347, 297
15, 156
43
14, 253
916
15, 199
8, 099
5, 498
1, 528
74
8
48S, 500
14,629
442
8,516
6, 555
15, 071
7,012
5,439
2,445
175
9
17, 5u0
611
7
570
42
0.8
290
226
96
6
10
130, 283
9,0.54
47
8, 309
792
9, 101
5, 926
2,675
488
12
11
339, 403
22, 964
83
22, 102
945
23,017
14, 695
7,047
1,243
62
12
226, 580
10,9:6
93
10, 438
631
11,009
6,503
3,476
1, 047
43
13
101, 800
3,992
37
3,972
0/
4, 0.9
2,085
1,431
483
30
14
1,651, 363
77, 382
752
68, 166
9, 908
78, 134
44, 610
25, 792
7,330
402
20, 840
1,682
21
1, 347
356
1,703
1,186
440
76
1
15
27, 667
1,963
27
1, 924
66
1,990
1,299
593
96
2
16
117, 133
5, 237
180
5, 114
309
5,423
3, 005'
1,913
480
25
17
15, 750
608
7
525
90
615
339
208
67
1
18
2, 520
151
4
39
116
155
77
69
9
19
37, 903
1, 561
15
1, 326
250
1,576
980
387
201
8
20
19, 110
929
6
778
157
935
506
340
83
6
21
240, 983
12, 131
266
1 8, 053
1, 344
12, 397
7, 392
3, 950
1,012
43
24, 260
895
3
705
133
898
461
292
104
41
22
17, 480
1,034
25
1,008
51
1, 059
721
271
63
4
23
29, 360
876
22
719
179
898
489
231
166
12
24
5, 000
123
101
22
123
04
34
24
1
25
34, 940
869
2
757
114
871
383
285
189
14
26
9,250
• 299
3
235
07
302
151
90
59
2
27
5, 000
99
4
99
4
103
47
25
28
3
28
29, 250
841
5
669
177
846
341
293
197
15
29
97, 600
1,974
10
1, 573
411
1,984
&'!8
576
520
50
30
9, 000
238
198
40
238
106
84
46
2
31
97, 589
3, 807
41
3, 097
151
3, 848
1,913
1,401
516
18
32
35, 515
1, 147
10
1.073
84
1, 157
539
432
178
8
33
74, 175
2,320
7
2, 122
205
2, 327
1, 024
855
426
22
34
468,419
14, 522
132
13, 016
1,638
14, 654
7,077
4, 869
2, 516
192
225, 940
8, 144
31
7, 708
467
8, 175
4, 302
2,614
1,205
54
35
104, 000
1, 538
50
1,407
121
1, 588
421
5_9
581
57
36
67, 000
839
2
764
77
841
163
274
368
36
37
118, 445
2, 304
5
2, 062
247
2, 309
782
823
640
58
38
14., 515
4, 162
8
3, 846
324
4, 170
2, 097
1, 324
701
48
39
150,500
1,545
4
1,344
205
1, 549
351
443
600
95
40
106, 846
3, 218
1
2, 899
320
3,219
1,450
1, 109
638
22
41
39, 000
597
554
43
597
139
188
245
25
42
44,350
1, 201
2
1,055
148
1,203
555
364
271
13
43
6, 500
145
39
100
145
08
57
15
5
44
1, 004, 096
23, 693
103
21, 738
2,058
23, 796
10, 328
7, 725
| 5, 330
413
101,800
3,244
6
2, 390
800
3, 250
1, 670
1,016
1 531
33
45
135, 400
2, 807
35
1,966
876
2, 842
1, 079
896
816
51
46
25, 310
885
1
831
55
886
455
281
139
11
47
30, 000
860
6
607
259
806
371
322
164
- 9
48
38, 000
930
29
836
123
959
443
295
205
16
49
3, 000
46
25
21
46
20
10
]6
50
90i 291
2,745
15
1,932
828
2 760
1, 502
729
503
26
51
59, 905
1, 361
2
1,014
349
1, 363
627
354
355,
27
52
24, 000
171
114
57
171
49
24
73
25
53
507, 706
13, 049
94
9, 715
3,428
13, 143
6,216
3, 927
2,802
198
54
55
56
57
58
59
GO
61
62
63
64
63
66
REPORT OF THE COMPTROLLER OF THE CURRENCY.
STRIBUTION BY STATES, ETC., NUMBER, AND PAR VALUE AT $100 EACH OF SHARES OF
State, etc.
Colorado
Nevada
California
San Francisco...
Oregon
Division No. 7
Dakota
Idaho
Montana I
New Mexico
Utah
Washington
Wyoming
Arizona
Division No. 8 ..
United States . ..
No. of
banks.
Number of shares
held by—
Same in detail, held by —
State
residents.
Non-
State
resi-
dents.
Natural
persons.
Kcdig-
ious,
charita-
ble, and
educa-
tional
institu-
tions.
Munic-
ipal
corpo-
rations.
Savings
banks,
loan
and
trust
and in-
suiance
com-
panies.
All
other
corpo-
rations.
29
2
28
3
22
22, 397
1, 092
35,149
17, 796
15, 281
3, 953
408
3, 351
9, 204
2, 369
26, 350
1,500
38, 478
26, 593
17, 565
1
22
407
85
84
91,715
19, 285
110, 486
22
492
62
6
17
9
7
18
8
1
20, 681
2, 620
13, 592
6, 200
7, 686
7,345
6, 037
1, 000
16, 3G9
880
5, 658
2, 300
814
4, 455
4,713
36, 768
3. 500
19, 250
8, 350
8.500
11, 725
10, 620
1, 000
~ 15
267
150
50
50
25
80
128
05, 161
35, 189
99, 713
15
100
522
3, 009
5, 034, 325
697, 400
5, 203, 728
52, 963
4,094
467, 173
1, 7G7
REPORT OF THE COMPTROLLER OF THE CURRENCY. G5
Stock of National Banks on the First Monday of July, 1887— Continued.
Total
shares
issued.
Number of shareholders.
Number of shareholders ownin
amounts.
; specific
Number
reduced
to par
value of
$100 each.
Natural
persons.
Corpo-
rations.
Resident.
Non-
resi-
dent.
Total.
Owning
shares to
the par
value of
$1,000 and
less. -
Over
$1,000 and
less than
$5,000.
Over
$5,000 and
less than
$30,000.
Over
$30,000.
26, 350
413
359
84
443
173
129
128
13
54
1 500
25
20
5
25
3
8
14
55
3a 500
678
2
689
41
680
230
243
187
20
66
27,000
140
2
130
12
142
14
43
68
17
57
17,650
282
1
257
26
283
89
82
100
12
58
HI, 000
1, 568
5
1,405
168
1, 573
609
505
497
62
87, 050
1, 124
8
628
504
1, 132
689
315
224
4
69
3 500
57
40
17
57
19
13
25
60
19,’ 250
252
185
67
252
118
57
66
11
61
a 500
205
4
140
69
209
80
71
51
1
62
a 500
235
219
10
235
130
61
41
3
63
11, 800
251
2
105
88
253
115
56
79
3
64
10, 750
147
2
60
83
149
28
45
69
7
65
1, 000
6
4
2
0
3
1
2
06
100, 350
2,277
16
1,447
846
2,293
1,088
618
556
31
5, 731,725
233, 080
7,492
212,272
28, 900
241, 172
139, 843
73, 205
26,442
1, 682
^ — . w
Note. — Tho difference in the amount of capital stock as shown by this table and by the reports of
condition on August 1 is accounted for by the fact that a number of banks organized during the five
months just preceding that date had not paid up their capital stock.
8770 cur 87 5
66 REPORT OF THE COMPTROLLER OF THE CURRENCY.
CIRCULATING NOTES.
Upon the security of its bonds, deposited with tbe Treasurer, each
bank is entitled to receive, and the Comptroller of the Currency is by
law required to issue to it upon demand of its officers, circulating notes
to the amount of 90 per cent, of the market value, and not more than
90 per cent, of the par value, of the bonds. Any bank may deposit
more than the minimum of bonds, and may take out circulating notes
for 90 per cent, of its deposit, provided its entire outstanding circula-
tion against bonds does not exceed 90 per cent, of its capital stock
actually paid in. The circulating notes when issued by the Comptroller
are iu sheets, and are not valid until signed by the bank officers desig-
nated by the statute.
Under the present law the minimum deposit of bonds required to be
made by the 3,049 national banks in operation in the United States on
October 5, 1887, amounts to $89,912,347.
A table in the Appendix, p. 185, shows by States and geographical
divisions the national banks iu operation on October 5, 1887, separated
into two classes, namely, banks of which the capital does not exceed
$150,000, and banks of which the capital exceeds $150,000. The first
class contains 2,150 banks, with au aggregate capital of $179,849,390;
the second, 899 banks, with an aggregate capital of $398,613,375.
The minimum of bonds required to be kept on deposit by the entire
body of banks in the first class is $44,962,347; the minimum for the
899 banks of the. second class is $44,950,000. If all banks held only
the minimum of bonds, the total national-bank circulation could not
exceed $80,921,113, while the possible maximum of circulation, namely,
90 per cent, of the aggregate of the national-bank capital, would be
$520,616,489.
The actual circulation on October 5, 1887, was $272,387,176, inclusive
of $102,719,440 still outstanding, but which, having been surrendered by
the banks that issued it, is no longer represented by bonds, but by that
amount of lawful money deposited with the Treasurer of the United
States to redeem the notes as they are presented.
The $169,667,736 of circulation for which the banks are responsible
consists of $71,536,500 secured by the bonds deposited by the 2,150
banks having $150,000 capital and less, and $98,131,236 secured by the
bonds belonging to the 899 banks of which the capital exceeds $150,000.
The first class of banks have, therefore, $31,070,387 more than their
minimum and $90,327,951 less than their possible maximum circula-
tion, while the larger banks have $57,676,236 more than their minimum
and $260,620,802 less than their maximum. *
The following table shows the number of banks organized from July
1, 1882, to July 1, 1SS7, their capital stock, amount of bonds deposited,
and the circulation issued thereon :
Year.
Number
of banks.
Capital.
Minimum
bonds
required.
Bonds
actually
deposited.
Percentage
of excess.
Circulation
issued.
Per cent.
•
-July 1,1882, to July 1,1883 ..
251
f20, 552, 300
.$5, 155,500
$7, 110, 400
■ 28
$0, 404, 700
July 1, 18SU, to July 1, 1884 ..
218
10, 041, 000
4,010, 000
4, 07(1, 100
14
4,208,400
July 1,1884, to .July 1, 1885 ..
142
1 5, 205, 000
3, 001,250
3, 832, 800
8
2, 000, 520
July 1, 1885, to .July 1, 1880 ..
162
1 7, 553, 000
3, 401, 500
3,715,500
8
3, 343, 1)50
July 1,1886, to July 1, 1887 ..
217
31,444,000
4, 960, 000
5, 051,800
1
4, 588, 800
REPORT OF THE COMPTROLLER OF THE CURRENCY. 67
From the foregoing table it appears that 991 banks have been or-
ganized between the dates given, with a capital of §110,098,300; that
they have received circulation to the amount of $21,495,110 on bonds
deposited to the amount of $23,892,100, and that the minimum deposit
of bonds required by law for these banks is $20,023,230.
The actual deposit of bonds during the whole period exceeds the
minimum by about 15 per cent, only, and taken year by year the per-
centage of excess has decreased from 28 per cent, in lS82-’83 to less
than 14 per cent, in lS8G-’87.
Of the 217 national banks organized during the past fiscal year, 102
have a capital of $50,000 each, amounting to $5,100,000; 70 have a capi-
tal of over $50,000 and not exceeding $150,000, amounting to $7,044,000;
and 39 have a capital of $19,300,000. The 39 largest banks deposited
the exact amount of bonds required by law, and out of 178 banks of
which the capital does not exceed $150,000 only 8 have deposited bonds
in excess of the requirement.
Tables will be found in the Appendix, pp. 1S3, etc., showing for the
national banks in each State, Territory, and reserve city the minimum
amount of bonds required by law, the bonds actually held, and the
circulation thereon outstanding October 5, 18S7; also all other informa-
tion deemed useful as to circulation.
Banks are privileged to change their deposited bonds from time to
time, to increase and to reduce the amount, within limits, and are re-
quired to inspect once a year the bonds held for them in trust by the
Treasurer. The Comptroller of the Currency is the agent and medium
of all such changes; his indorsement on the bonds establishes their
ownership aud alone validates their transfer. Section 5163 of the Re-
vised Statutes requires him to record every act of deposit, transfer, aud
withdrawal, and to keep a set of books for the purpose, all of which
has been carefully complied with.
INTEREST-BEARING- FUNDED DEBT OF THE UNITED STATES, AND THE
AMOUNT HELD BY NATIONAL BANKS.
The connection between the banks and the distribution of the funded
debt of the United States renders tfie following statement appropriate:
The public debt at its maximum, on August 31, 1865, amounted to
$2,844,649,626, of which obligations not bearing interest amounted to
$461,616,31 1 , leaving interest-bearing debt $2,383,033,315. On October
31, 18S7, the interest-bearing debt amounted to $1,041,770,742.
68 REPORT OF THE COMPTROLLER OF THE CURRENCY.
The following table shows the class of bonds, authorizing act, date of
maturity, rate of interest, and intermediate changes :
Bonded Debt at Dates Named.
Date.
Aug.
June
J une
Juno
June
June
June
June
June
June
June
June
Juno
J une
J une
June
Juno
31. 1805.
30. 1806.
30. 1807.
30, 18G8.
30, 1809.
30. 1870.
30. 1871.
30. 1872.
30. 1873.
30.1874.
30. 1875.
30. 1876.
30. 1877.
30. 1878.
30. 1879.
30. 1880.
30. 1881.
June 30, 1882.
June 30, 1883.
Jnne 30,1884.
June 30, 1885.
J une 30, 1880 .
Juno 30, 1887
Oct. 31,1887.
6 per cent.
$908, 518, 091
1, 008, 388, 409
1, 421,110,719
1, 841, 521, 800
1, 886, 341, 300
1, 764, 932, 300
1, 613, 897, 300
1,374, 883, 800
1, 281, 238, 050
1,213, 624, 700
1, 100, 865,550
984, 999, 650
854, 021, 850
738, 619, 000
310, 932, 500
235, 780, 400
196, 378, 600
Continued at
34 per cent.
58, 937, 150
5 per cent.
$199, 792, 100
198, 528, 433
198, 533, 435
221, 588, 400
221, 589, 300
221, 589, 300
274, 236, 450
414, 567, 300
414, 567, 300
510, 628,050
607,132, 750
711, 685, 800
703, 266, 650
703, 206, 650
646, 905, 500
484, 864, 900
439, 841, 350
Continued at
34 per cent.
401, 593, 900
32, 082, 600
Funded into
3 por cents,
act July 12,
1882.
304, 204. 350
224, 612, 150
194, 190, 500
144,040, 600
19, 716, 500
4J percent.
$140, 000, 000
240, 000, 000
250, 000, 000
250, 000, 000
250, 000, 000
250, 000, 000
■250, 000, 000
250, 000, 000
250, 000, 000
250, 000, 000
250, 000, 000
230, 544, 600
4 per cent. t 6 per cent.}
$98, 850, 000
679, 878, 110
739, 347, 800
739, 347, 800
739, 349, 350
737, 942, 200
737, 601,700
737, 719, 850
737, 759, 700
737, 800, 000
732, 447, 550
$1, 258, 000
6, 042, 000
14, 762, 000
29, 089, 000
58, 638, 320
64, 457, 320
64,618, 832
64, 623, 512
64, 623, 512
64, 623, 512
04, 623,- 512
04, 623,512
64, 623, 512
64, 623, 512
64, 623, 512
64, 623, 512
64,023,512
64, 623, 512
64, 023, 512
64, 623,512
04, 623,512
64, 623, 512
64, 623, 512
G4, 623, 512
Total.
$1, 109,
1,212,
1, G34,
2, 092,
2, 166,
2, 030,
1,952,
1, 845,
1.760,
1, 788,
1,772,
1.761,
1,761,
1, 845,
1,952,
1, 774,
1, 690,
508, 191
958, 904
406, 154
199, 200
568, 920
978, 920
752, 582
074. 012
429, 402
876, 262
621, 812
308, 962
512,0)2
359, 162
339, 622
616.012
191, 262
1, 514, 433, 912
1, 388, 832, 062
1, 276, 897, 302
1, 246, 533, 862
1,196,429, 812
1,072, 140,612
1, 027, 615, 662
* Funded loan 1891 ; authorizing act, July 14, 1870, and January 20, 1871 ; date of maturity, 1891.
t Funded loan 1907; authorizing act, July 14, 1870, and January 20, 1871; date of maturity, 1907.
| Pacific railroad bonds; authorizing act] July 1, 1802, and July 2, 1864; date of maturity, 1895 to 1899.
The Navy pension fund, amounting to $14,000,000 in 3 per cents, the interest upon which is applied
to the payment of naval pensions exclusively, and $155,080 of refunding certificates are not included in
the table.
The act approved July 12, 1SS2, authorized the Secretary of the
Treasury to receive at the Treasury any bonds of the United States
bearing 3£ per cent, interest, and to issue in exchange therefor an equal
amount of registered bonds of the United States bearing interest at the
rate of 3 per cent, per annum —
Provided , That the bonds herein authorized shall not bo called in and paid so long
as any bonds of the United States heretofore issued bearing a higher rate of interest
than Ihree per centum, and which shall he redeemable at the pleasure of the United
States, shall be outstanding and uncalled.
Under this act $305,581,250 of 3 percents were issued, but the
largest amount outstanding at any time was $305,529,000, on August 7,
1883, $52,250 having been redeemed before the last issue was made.
The largest amount of 3 percents held by the national banks on de-
posit as security for circulation was $202,380,750, on August 10, 1883.
On October 31, 1880, there was outstanding $95,850,050 3 per cent,
bonds, of which $31,007,400 had been called. The $04,242,550 then
remaining uncalled have been called during the past year, except that
bonds amounting to $005,150 were voluntarily presented for redemption
under Treasury circulars dated August 30, 1880, and September 15, 1880.
Of the $03,037,400 called, $1,448,400 was still outstanding October 31,
1887.
Of this amount the national banks on that date held $144,500, de-*
posited with the Treasurer of the United States as security for circula-
tion, and $550,000 was held by him for them as security for public de-
posits.
REPORT OP THE COMPTROLLER OF THE CURRENCY. GO
REDEMPTION OP LOAN OF JULY 2, 1882,
CENT. RONDS.
KNOWN AS THREE PER
Since the last annual report the whole amount of 3 per cent, bonds
then outstanding has been called in for redemption.
The following tables show the general progress of this redemption,
and its effect upon national- bank circulation, from September 15, 1880,
to July 1, 1887.
The first tablo relates to the entire mass of 3 per cent, bonds out-
standing September 15, 1880, including both those held by the Treas-
urer for the banks and those held by others. It gives the date and ma-
turity of each call since August 1, 18S0, the amount of bonds embraced
in each, the bonds then outstanding, and those thereafter redeemed.
The second table shows the amount of 3 per cent, bonds held by
the Treasurer as security for national-bank circulation on September
15, 1SS0, the amount of such bonds included in each call for redemption
since August 1, 18SG, the total amount so held at each date at which
interest ceased under any call for redemption, the amounts redeemed
at those dates, and the amounts held on which interest had ceased.
Statement Showing Changes in Three Per Cent. Loan of July 12, 1882,
from August 1, 1886, to July 1, 1887.
Call No. 140 to 149.
Amount of bonds outstanding at
maturity of each call.
Amount of bonds redeemed be-
tween the maturity of each call
and mat urity of succeeding cal! .
Date of
call.
Maturity
of call.
Amount
called.
Amount
previously
called.
Amount
not yet
called.
Total
amount
outstand-
ing.
Redeemed
tinder
last call.
Redeemed
under
pre\ ious
calls.
Volunta-
rily sur-
rendered
under
special
calls.
1886.
Aug. 12
1886.
Sept. 15
$10, 003, 650
$36, 337, 150
$01,133,050
$127, 470, 200
$177, 270, 800
$788, 000
1!)
Oct. 1
15, 0115,000
40, 575, 300
29, 669, 900
75, 450, 2u()
116, 025, £00
$11,600
10, 758, 550
674, £50
Sept. 15
16
15, 122,400
74, 484, 700
104,151, 600
822, !10o
10, 004, 100
965, 500
27
Nov. 1
15. 008, 300
26, 043, 500
64, 222, 450
90, 265, 95U
40, 000
14, 414, 050
2.36, 060
Oct. 20
Dec. 1
10, 005, 350
12, 270, 900
64,017, C0U
76, 288, 50 U
4, 845, 000
8, 907, COO
204, 850
Dec. 28
1887.
Feb. 1
10, 010, 900
23, 205, 350
39, 958, 400
63, 163, 750
155, 000
17, 652, 550
161, 300
1887.
Jan. 22
Mar. 1
13, 887, 000
20, 481, 050
29, 921, 350
50, 402, 400
12, 887, 950
29, 300
Feb. 21
Apr. 1
10, 007, 750
15, 636, 200
19, 814, 600
450, 800
162, 500
14, 690, GOO
92, 500
Mar. 23
May 1
10. 014, 250
7, 258, 300
19, 774, 000
27, 032, 300
6, 832, 300
1, 708, 100
40, 600
May 20
July 1
19, 717, 600
8, 851, 050
8, 851, 050
14, 929, 100
10, 027, 950
56, 500
278, 478, 850
3, 270, 000
RECAPITULATION OF REDEMPTIONS.
Amount redeemed under last call $14, 929, 100
Amount redeemed under previous calls 278, 478, 850
Amount redeemed uncalled 3, 270, 000
Ronds of Lewis legacy redeemed 52,250
Total redemptions •. 296, 730, 200
Outstanding July 1, 1887 8,851,050
Amount of original issue of loan 305, 581, 259
70 REPORT OP THE COMPTROLLER OP THE CURRENCY.
Statement Showing Changes
in Three Per Cent. Loan of July 12, 1862— Coa-
tiuued.
Calls No. 140 to No. 149.
Amount of 3 per cent, bonds held
by tlio Treasurer as security for
national- bank circulation at ma-
turity of each call.
Amount of 3 per cent, bonds
withdrawn by banks in the in-
terval between the maturity of
each call and the maturity of
the succeeding call.
Date of
call.
Maturity
of call.
Amount
of bonds
included in
call held
as security
fornational-
banlc
circulation.
Amount
included in
previous
calls.
Amount
not
previously
called.
Total
amount
held bythe
Treasurer.
Redeemed
under
last call.
Redeemed
under pre-
vious calls.
Volunta-
rily sur-
rendered
under
special
calls.
1886.
Aug. 12
19
1886.
Sept. 15
Oct. 1
$7, 045, 200
11, 188,000
$14, 644, 000
29, 826, 050
$80, 238, 800
57, 222, 4oO
$94, 882, 800
87, 048, 450
$2, 179, 100
$4, 978, 250
$677, 000
Sept. 15
16
10,795,200
21, 873, 650
57, 180, 400
79, 054, 050
3, 682, 200
4, 056, 700
4, 194, 000
255, 500
27
Nov. 1
12, 067, 650
19, 881, 600
49, 156, 450
69, 038, 050
5, 557, 500
264, 500
Oct. 29
Dec. 1
7, 925, 500
8, 861, 450
48, 464, 000
57, 325, 450
3, 774, 400
7, 085, 400
852, 800
Dec. 28
1887.
Feb. 1
8, 440, 250
18,131,950
29, 000, 300
4?, 132, 250
3, 637, 350
5, 950, 750
605, 100
1887.
Jail. 22
Mar. 1
10, 613, 750
13, 975, 500
22. 919, 300
36, 894, 800
4, 945, 550
5, 188, 900
1
103, 000
Feb. 21
Apr. J
5, 989, 500
10,408, 300
17, 677, 600
27, 085, 9U0
4, 111, 500
5, 328. 900
1,455, 900
368, 500
Mar. 23
Mav 1
7, 818. 700
5, 006, 950
15, 221, 600
20, 228, 550
5, 115, 950
285, 5(10
May 20
J lily 1
15, 221, 600
5, 205, 950
5, 205, 950
12, 245, 150
•2, 565, 450
212, 000
'
45, 248, 700
40, 804, 250
3, 623, 900
RECAPITULATION.
Amount held by the Treasurer September 15, 1886 $94, 882, 800
Amount redeemed from September 15 to October 1, 1886 • 7, 834, 350
October 1 to October 16. 1886 7, 994, 400
October 16 to November 1, 1880 10, 016, 000
November 1 to December 1, 1886 11,712,600
December 1, 1886, to February 1, 1887 10, 193, 200
February 1 to March 1. 1887 10,237,450
March 1 to April 1, 1887 9, 808, 900
April 1 to May 1. 1887 6, 857,350
May 1 to July 1, 1887 15, 022, 600
Amount unredeemed July 1, 1887 5,205,950
94, 882, 800
It will be seen by reference to foregoing tables that call No. 140 was
dated August 12, 1880. On that day the Treasurer held as security
for circulation of national banks 3 per cent, bonds amounting to
$103,351,650, of which $1,720,000 had ceased to bear interest;, having
matured under previous calls.
Upon the assumption that it would be found practicable and desirable
to continue the redemption of these bonds, it became a matter of solici-
tude with a great many banks holding only 3 percents to ascertain
whether their bonds could remain on deposit with the Treasurer as a
basis for circulation after interest on them had ceased. Singular as it
may seem, some strong find ordinarily well managed banks left large
amounts of called bonds on deposit for months, preferring to forego all
interest rather than to replace them with other bonds at the then pre-
vailing premium, but.as a rule the banks that resisted the replacement
of called bonds were those of small capital in sections where money was
scarce and dear.
The language of the statute makes it clear that only interest-bearing
registered bonds can be deposited, but in the clause requiring the de-
REPORT OF THE COMPTROLLER OF THE CURRENCY. 71
posit to bo maintained up to a certain minimum, registered bonds only
are mentioned, nothing being said about their being also interest-bearing.
Taking advantage of this ambiguity in the law, it was contended on
behalf of certain banks, that when a deposit was once made of interest-
bearing registered bonds of the United States, the requirement of the
statute was fulfilled, and that banks could not be compelled against
their will to replace those bonds, or to retire the circulation issued upon
them, because without any action on their part, and even without their
consent, the Government had called the bonds for redemption, and had
thereby acquired the right to cease paying interest.
On the other hand, it has always been maintained in the Treasury
Department, that bonds upon which interest has ceased are not such
bonds as the statute requires national banks to keep on deposit as a
basis for circulation.
The controversy at one time became very serious, as it was repre-
sented that banks in all parts of the country were resolved to go out
of the system if they should be compelled to withdraw their called
bonds.
With a view of terminating the controversy as to the meaning of the
law, the Secretary of the Treasury was requested to submit tire ques-
tion to the Attorney-General, and this being done the Attorney-General
decided that bonds on which interest had ceased could not be lawfully
held by the Treasurer as security for national-bank circulation.
If at any time within six months after August 12, 18S0, the true po-
sition of the banks had been known, especially how many of them held
no bonds but 3 per cents, or if peremptory measures had been taken to
compel the immediate replacement of called bonds, a speculation in the
4 and 4J per cent, bonds would no doubt have been precipitated, and
in that event the formation of new banks would have been arrested,
and many of those already in the system would have been forced into
liquidation.
If by accident or inadvertence the magnitude of the necessary bond
replacements had got out, or if the ambiguity of the law had not afforded
opportunity for temporizing with the reluctant banks, there is little
doubt that the banks would have been cornered for available bonds, and
while the corner lasted no new banks could have been formed, and a
greater or less number of the several hundred which held only 3 per
cent, bonds would have been forced into liquidation.
It is needless to specify the steps taken to avert these consequences,
and at the same time to bring about an acquiescence in the require-
ment of the law without having recourse to coercive measures, but it
is, perhaps,- proper to state that between August 12, 188G, and July 1,
18S7, nearly $102,000,000 of 3 per cent, bonds were surrendered by the
banks for redemption, and that replacements were made in 4 and 4J
per cent, bonds to the amount of upward of $20,000,000, while during
the same time new banks deposited 4 and 44 per cent, bonds to the
amount of $4,532,300, and the amounts of these bonds held to secure
deposits of public moneys increased by over $12,000,000. Thus fully
$37,000,000 of 4 and 44 per cent, bonds were obtained by the banks and
transferred to the Treasury within less than twelve months, without ex-
citing any speculative advance in the premium of either loan, as'will
appear from the subjoined table.
72 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Opening, Highest, and Lowest Prices op United States Registered Four and
Four and a Half Per Cent. Bonds in New York for each week from Au-
gust 14, 1886, to July 2, 1887, both dates inclusive.
[Comi>iled from the “Commercial anil Financial Chronicle.’’]
Week
ending—
4 per cent, bonds,
registered.
43 per cent, bonds, |
registered.
Week
ending—
4 per cent, bonds,
registered.
43 per cent, bonds
registered.
Opening.
Highest.
Lowest.
Opening.
CO
0
c0
s
Lowest.
Opening.
Highest.
Lowest.
Opening.
Highest.
43
CC
<D
►
O
1886.
Aug. 14
1265
1263
120ft
1105
1105
1105
1887.
Jan. 22
1273
127ft
1275
110
1103
110
21
1263
126ft
125ft
1105
1103
1093
29
1283
]‘4Si
1283
noil
110ft
1103
28
1205
126.5
1265
109J
109ft
109ft
Feb. 5
1283
1283
1283
1104
1103
1093
Sept. 4
1265
125
126ft
125
110ft
1103
109ft
12
1285
1283
1286
1093
1093
1093
11
1253
125
110
1103
no
19
1285
128ft
128 ft
1093
1093
1083
18
125J
1263
125ft
110J
llli
1105
26
1283
1283
128ft
109
1095
109
25
1265
127
126ft
1113
112
1113
Mar. 5
128ft
128ft
1273
1093
1093
108ft
Oct. 2
127
128J
127
1113
1123
m?
12
1273
127ft
127ft
108ft
1093
1083
9
1293
1293
1285
H2ft
112ft
1113
19
1276
1275
127ft
1093
1095
108ft
16
1285
128|
1273
11 1 ft
1115
me
26
1274
1273
1273
1083
109ft
1083
23
1285
1283
1285
HIS
112
1113
Apr. 2
1283
1283
128ft
109ft
no
109ft
30
1283
1285
128ft
111!
1113
1113
9
1283
129
1283
109ft
no
1093
Nov. 6
1285
128ft
128ft
110J
1105
nog
16
1293
1293
1293
110
1103
110
13
128J
1283
1275
110ft
110ft
109 ft
23
129
1293
129
no
1103
110
20
1285
1285
127
1093
110
1095
20
1293
1293
1293
1105
1103
1103
27
1275
1285
127ft
1093
110ft
109ft
May 7
129
129
1283
109
109
1083
Dec. 4
129
1293
128ft
110ft
no*
1104
14
12Sft
129
128ft
108ft
1093
168ft
11
128J
128ft
128ft
110ft
1105
110ft
21
1293
1293
129
1093
109ft
1095
18
1285
128ft
1275
1103
110f
1103
28
129ft
1293
129ft
1093
1093
1093
25
127J
127J
1273
110ft
1103
1103
June 4
1293
1293
128ft
1093
1093
1093
1887.
Jan. 1
127J
128
1273
110.3
1103
1103
11
18
128ft
128ft
128ft
1283
1283
128ft
1093
109ft
109ft
109ft
1093
1093
8
1275
1275
1265
1103
lioft
1093
25
128ft
128ft
128
1093
1093
109ft
15
1275
1273
1273
no
1105
no
July 2
1283
1283
1283
1093
1095
109ft
It is of grave importance for Congress to observe tbe perilous con-
tingencies involved in the existence of the present relations between
the public debt and the national-bank circulation.
It is neither wise nor prudent to maintain a condition of things which
makes the possession of official information, necessarily accessible even
to clerks in the Departments, ah incentive or a temptation to specu-
lation in public securities, nor should the natural and healthy growth
of the national-bank system be exposed to the danger of being suddenly
arrested by legitimate and discreet operations of the Treasury, directed
to the reduction of the public debt.
During the year ending October 31, 1887, $5,379,250 of 4 percents
and $19,455,400 of 4£ percents were purchased for sinking-fund pur-
poses, making a total of $24,834,050. Of this amount $297,500 of 4 per-
cents and $087,500 of 4£ percents were withdrawn by the national
banks from deposit to secure circulation, making total withdrawals from
this cause $985,000, while the replacement by deposits of 4 percents
amounted to only $279, G50.
REPORT OF THE COMPTROLLER OP T1IE CURRENCY. 73
Changes in the debt have induced corresponding changes in the bonds
held by the national banks. In January 1SGG, 1,532 banks, with a capi-
tal, surplus, and undivided protits of $475,330,204, held $440,380,350 of
United States bonds. On October 5, 1887, 3,040 banks, with a capital,
surplus, and undivided profits of $823,827,373, held only $223,754,450 of
bonds. The total bank circulation on January 1, 1SG0, was $213,239,530,
and on October 5, 1887, that which was secured by bonds was
$107,283,343.
The amount and classes of United States bonds owned by the -banks, in-
cluding those pledged as security for circulation and for public deposits,
on June 30 in each year since 18G5, are exhibited in the following table :
United States bonds bold as security for circulation.
Tears.
6 per cent,
bonds.
1865 ..
$170, 382, 500
1866 ..
241, 083, 500
1867 ..
251,430, 400
1S68 . .
250, 726, 950
I860 ..
255, 190, 350
1870 . .
247. 355, 350
1871 ..
220, 497, 750
1872 .
173, 251, 450
1873 ..
ICO, 923, 500
1874 . .
154, 370, 700
1875 ..
136,955, 100
1876 ..
109, 313,450
1877 ..
87,690,300
1878 ..
' 82,421,200
1879 ..
56, 042, 800
1880 ..
58, 050, 150
1881 ..
01, 901,800
Continued at
3J per cent. :
1882 ..
25, 142, 600
1883 ..
385, 70o|
1884 ..
Pacifies.
1835 ..
3, 520, 000
1886 ..
3, 565, 000
1887 ..
3, 175, 000
5 per ceut.
bonds.
4J percent,
bonds.
4 per cent,
bonds.
Total.
$35, 576, 600
86, 226, 850
89, 177, 100
90, 768, 950
87, 661,250
94, 923, 200
139, 387, 800
207, 189, 250
229,487, 050
236, 800, 500
239, 359, 400
232,081,300
206, 651, 050
199, 514, 550
144, 616, 300
139, 758, 650
172,348, 350
Continued at
$44, 372, 250
48, 448, 650
35, 056, 550
37, 760, 950
32, 600, 500
$19, 162, 000
118, 538, 950
126, 070, 300
93, 037, 700
$235, 959, 100
327, 310, 350
340, 607, 500
341, 495, 900
342, 851, 600
342, 278, 550
359, 885, 550
380, 440, 700
390,410,550
391, 171, 200
376, 314, 510
341, 394, 750
338,713, COO
349,546,400
354, 254, 0U0
361,652, 050
360, 488, 400
3i per cent. -.
202, 487, 650
7, 402, 8001
3 per cents :>
2 DO, 877, 850)
172, 412, 550
32, 752, 650
39, 408, 500
46,546,400
97, 429, 800
104,954, 650
111, 690, 900
357, 812, 700
353, 029, 500
330, 619, 850
142, 240, 850
107, 782, 100
5, 205, 950
48, 483, 050
50, 484, 200
67, 743, 100
117, 901, 3C0
114,143, 500
115, 842, 650
312, 145, 200
275, 974, 800
191, 960, 700
Uuited
States
bonds held
for other
purposes at
nearest
date.
$155, 785, 750
121, 152, 950
84,002,050
80, 922, 500
55,102,000
43, 980, COO
39, 450, 800
31,868, 200
25, 724,400
25, 347, 100
26, 900, 200
45, 170, 300
47, 315, 050
68, 850, 900
76, 003, 520
42,831,300
63, 849, 950
43, 122, 550
34, 094,150
31, 203, 000
32, 195, 800
31,345, 550
33, 14/, 750
Grand
total.
$391, 744, 850
448. 463. 300
424. 010. 150
422,418,400
397, 953, 600
386, 259, 150
399, 336, 350
412, 308, 900
416. 134. 150
416.518.300
403,214, 700
386, 505, 050
386, 028, 650
418, 397, S00
430, 858, 120
404, 483, 350
424, 338, 350
400, 935, 250
387, 123, 650
361,852, 850
344, 341,000
307, 320, 350
224, 814, 450
SECURITY FOR CIRCULATING NOTES.
The following table shows the amount of bonds held by the Treas-
urer as security for the circulating notes of the national banks on Oc-
tober 31 of each year from 1SS2 to 1887, inclusive, the amount held by
the banks for all other purposes, and the total of these two:
Y oar.
Num-
ber of
banks.
United States bonds held as security for circulation.
United
States
bonds held
for other
purposes
at nearest
date.
Total.
4J percent,
bonds.
4 per cent,
bondsi
3 per cent,
bonds.
Pacific 6
per cent,
bonds.
Total.
1882
1883
1884
1885
1880
1887,
2, 301
2, 522
2, 671
2, 7-7
2,868
3, 001
$33, 754, 650
41, 319, 700
49, 537, 450
49, 547, 250
57, 436, 850
69, 696, 100
$104,927, 500
106, 164,850
116, 705, 450
116, 391, 650
115, 383, 150
115, 731, 400
5'$40, 621, 950
l 179, 675, 550
S *602, 000
l 201, 327, 750
155, 604, 400
138, 920, 650
69, 038, 050
144, 500
$3, 526, 000
3, 463, 000
3, 469, 000
3, 505, 000
3, 586, 000
3, 256, 000
$362, 505, 650
352, 877, 300
325, 316, 300
303, 364, 550
245, 444, 030
188, 828, 000
$37, 563, 750
30, 674, 050
30, 419, COO
31,780,100
32, 431, 400
34, 671, 350
.$400, 069, 400
383, 551, 350
355, 735, 900
340, 144, 650
277, 875, 450
223, 499, 350
Three and one-half per cent.
74 REPORT OF THE COMPTROLLER OF THE CURRENCY.
The foregoing tables show how the banks have shifted their invest-
ments from one class of bonds to another, and the following table ex-
hibits especially the steady decrease. in the amount of bonds held for
and by the banks, and in connection with other tables in this report it
tends to establish the proposition that the banks are gradually reduc-
ing their investments in these securities.
Table showing the decrease of national-bank circulation during each
of the years ending October 31, from 1884 to 1887, inclusive, and the
amount of lawful money on deposit at the end of each year:
National-bank notes outstanding October 31, 1883, in-
cluding notes of national gold banks $352, 013, 787
Less lawful money on deposit at same date, including
deposits of national gold banks 35, 993, 461
$316,020,326
National-bank notes outstanding October 31, 1884, in-
cluding notes of national gold banks 333, 559, 813
Less lawful money on deposit at same date, including
deposits of national gold banks 41, 710, 163
291,849,650
Net decrease of circulation 24, 170, 676
Net outstanding as above, October 31, 1884 291, 849, 650
National-bank notes outstanding October 31, 1885, in-
cluding notes of national gold banks 315, 847, 168
Less lawful money on deposit at same date, including
deposits of national gold banks 39, 542, 979
276,304,189
Net decrease of circulation 15,545,461
Net outstanding as above, October 31, 1885 276,304, 189
National-bank notes outstanding October 31, 1886, in-
cluding notes of national gold banks 301, 529, 889
Less lawful money on deposit at same date, including
deposits of national gold banks 81, 819, 233
219,710,656
Net decrease of circulation 56,593,533
Net outstanding as above, November 1, 1886 219, 710, 656
National-bank notes outstanding October 31, 1887, in-
cluding notes of national gold banks 272, 041, 203
Less lawful money on deposit at same date, including
deposits of national gold banks 102, 826, 136
' 169, 215, 067
Net decrease of circulation 50, 495, 589
The following table shows the diminishing scale on which banks or-
ganized during each of the past live years have availed themselves of
the privilege of issuing circulation upon bonds in excess of the mini-
mum which the law obliges them to keep on hand.
For the sake of conciseness in the table the circulation is omitted,
but as every bank has received circulation to the amount of 90 per cent,
of the bonds deposited, the proportions of the table reflect faithfully
the features of the circulation.
REPORT OP TIIE COMPTROLLER OF TIIE CURRENCY
75
Number and Capital of National Banks Organized in each geographical
DIVISION OF THE UNITED STATES FROM OCTOBER 31, 1882, TO OCTOBER 31, 1887,
SHOWING THE AMOUNT OF BONDS DEPOSITED TO SECURE TIIEIR CIRCULATION, TIIE
MINIMUM AMOUNT OF BONDS REQUIRED BY THE ACT OF JULY 12, 1882, AND THIS
EXCESS DEPOSITED OVER REQUIREMENTS BOTH IN AMOUNT AND PERCENTAGE.
United States bonds.
Divisions.*
Num-
ber of
banks.
Capital.
Deposited.
Minimum.
Excess.
Per
cent, of
excess
over
mini-
mum.
1883.
First
7
$1, 275, 000
$995, 000
$312,500
$682, 500
218. 40
Second
38
2, 975, 200
1, 854, 500
743, 800
1,110, 700
149.32
Third - -
5
295, 000
155, 500
73, 700
81, 800
110. 99
Fourth
43
3, 643, 650
1,238,100
748, 400
489, 700
65.43
Fifth
61
11,210, 000
2, 578, 000
1,765,000
813, 000
46. 06
SiNth
71
7, 085, 500
1, 729, 250
1, 246, 400
482, 850
38. 73
Seventh
11
620, 000
268, 4ij0
155, 000
113, 400
73. 16
Eighth
26
1,550, 000
550, 800
375, 000
181, 800
48.48
Total
262
28, 654, 350
9, 375, 550
5, 419, SCO
3, 955, 750
72. 9S7
1884.
9
First
10
810, 000
313, 000
190, 000
123, 000
64. 73
Second
22
1,662,230
718, 000
340,500
377; 500
110. 86
Third
6
280, 000
106, 500
70, 000
96, 500
137. 85
Fourth
27
2,861,100
693, 600
627, 700
65, 900
10. 49
Fifth
34
3,413, 100
927, 000
570, 700
356, 300
62. 43
Sixth i
68
5, 492, 780
1, 239, 750
1, 135, 600
104, 150
9. 17
Seventh
5
380, 000
120, 000
95, 000
25, 000
26. 31
Eighth
19
1, 143, 000
309, 250
285, 700
23, 550
8. 24
Total
191 16,042,230
4, 487, 100
3, 315, 200
1, 171, 900
35. 349
1885.
'
First
4
400, 000
100, 500
100,000
500
.5
Second
18
2, 635, 000
1, 037, 500
543, 700
493, 800
90. 822
Third
3
G60 000
11‘> 51)0
112 500
Fourth
20
2, 025, 000
561,500
500,100
55, 400
10. 946
Fifth
35
7, 123, 000
1, 963, 500
1,218, 200
745, 300
61. 172
Sixth
41
2, 350, 000
759, 800
587, 500
172, 300
29. 329
Seventh
8
725, 000
169, 000
168, 700
300
.177
Eighth
10
1, 020, 000
255, 000
255, 000
Total
145
16, 938, 000 ’
4, 959, 300
3, 491, 700
1, 467, COO
42. 031
1888.
First
5
500, 000
125 000
125 000
Second
15
4, 000, 000
525 000
525, 000
Third
4
450, 000
112* 500
112, 500
Fourth
23
1, 658, 000
4041 750
402, 000
2, 750
.08-4
Fifth
27
5,465, 000
843, 000
743, 750
99, 250
13.344
Sixth
58
5, 830, 000
982 500
982, 500
Seventh
18
2, 100, 000
367,’ 500
300, 000
7, 500
2. 083
Eighth
24
1, 355, 000
353, 250
313, 750
39, 500
12. 589
Total
174
21, 358, 000
3, 713, 500
3, 564, 500
149, 000
4.18
1887.
First
5
400 000
100 000
100 000
Second
27
7, 025, 000
77 U 550
743, 750
27, 800
3. 74
Third
0
500, 000
115, 000
112, 500
2, 500
2.22
Fourth
50
6, 199, 000
1, 262, 500
1,262, 250
250
.02
Fifth
37
5. 010, 000
959, 500
952, 500
7, 000
.74
Sixth
70
9 002,000
1 400 500
1 400 500
Seventh
17
l| 510, 000
’ 377’ 500
377* 500
Eighth
13
‘ 900; 000
2251 000
225, 000
Total
225
30, 546, 000
5,211,550
5, 174, 000
37, 550
.72
* See page 183.
70 REPORT OF THE COMPTROLLER OF THE CURRENCY.
The following table exhibits in detail the changes which have occurred
during the past year iu the amount of national-bank circulation, so
arranged as to illustrate the process by which the circulation steadily
decreases concurrently with the accession of new banks and an increase
in the aggregate national-bank capital:
Capital and Circulation.
Paid in
capital.
Circulation
represented
by bonds.
Increase by hanks existing November 1, 1886
$3, 8G8, 005
32, 416, 770
610, 000
$3, 957, 175
4, 592, 090
Increase caused by formation of new hanks
Increase by banks organized during the year
Total increase
36, 894, 775
8, 549, 265
Decrease by hanks still in operation November 1, 1887
2, 235, 000
4, 087, 450
57, 770, 475
1, 274, 380
Total decrease
6, 322, 450
59, 044, 855
]STet increase of capital
30, 572, 325
50, 495, 590
Statement by Months, showing the amount of United States Bonds trans-
ferred from the Securities held in Trust by the Treasurer of the United
States for National-Bank Circulation to the Securities so held for Public
Deposits during the Year ending October 31, 1887, and the Methods by
WHICH SUCH TRANSFER WAS MADE.
Date.
Exchanged.
Substituted.
Transferred
bv retirement
of circulation.
1886.
$70, 000
100, 000
530. 000
220, 000
145, 000
40, 000
155, 000
60, 000
80, 000
$100, 000
1887.
1
Julv
$50, 000
30, 000
140, 000
115, 000
62, 500
500, 000
October
100, 000
Total
385, 000
150, 000
1, 962, 500
BANKS WITHOUT CIRCULATION.
As reported last year, some national banks have not availed them-
selves of the privilege of taking out circulating notes, and others have
surrendered their entire circulation. The following list is unchanged
since October 31, 1886:
Tide of bank.
Chemical National Bank, New York, N. Y
Fulton National Bank, Now York, N.Y
National City Bank, Now York, N. Y
American Exchange National Bank, New York, N. Y .
Third National Bank, New York, N. Y
National Bank, Washington, D. C
Chestertown National Bank, Cheatertown, Mil
First, National Bank, Houston, Tex
Mechanics’ National Bank, Now York, N. Y
Capital.
Bonds.
$300, 000
$50, 000
300, 000
50, 000
1,000,000
50, 000
5, (100, 000
50, 000
1, 000, 000
50, OoO
200, 000
50, 000
50, (100
P’, 600
100, 000
25, 000
2, 000, 000
50, 000
9, 950, 000
387, 500
Total
REPORT OF TriE COMPTROLLER OF TILE CURRENCY. 77
DISSOLUTION.
The total number of national banks organized since February 25,
1803, is 3,805, of which there are now in operation, as shown elsewhere,
3,001; passed out of the system, 744, accounted for thus :
Passed into voluntary liquidation to wind up their affairs 480
Less uumber afterward placed iu hands of receivers 9
471
Passed iuto liquidation for purpose of reorganization 79
Passed into liquidation upon expiration of corporate existence *75
Placed in hands of receivers 120
745
Less restored to solvency and resumed business 1
Total passed out of system 744
The corporate existence of five national banks expired during the
year ending October 31, J887, and in each case an extension has been,
obtained in accordance with the provisions of the act of July 12, 1882.
There were eight failures of national banks during the year ending
October 31, 1887, and, as has been shown, iu one case the creditors have
been paid in full, principal and interest, in another they have received
50 per cent., and iu two others 25 per cent, on account of the claims
proved.
The affairs of five failed banks have been closed during the past year,
and final dividends have been paid to their creditors. These bauks,
with the total dividends paid iu each case, are given below :
Name and location of bank.
Date of ap-
pointment
of receiver.
Total
dividends
on
principal.
Propor-
tion of
interest
paid.
Abington National Bank of Abington, Mass
Aug. 2,1880
Sept. 8,1886
May 4,1886
Juue 3, 18S7
July 23,1870
Per cent.
100
100
loo
100
81
Percent.
100
100
ICO
100
First National Bank of Blair, Nebr
City National Bank of Williamsport, Pa
Palatka National Bank of Palatka, Fla
First National Bank of Butler, Pa
INACTIVE RECEIVERSHIPS.
There still remain in the hands of receivers a small number of banks
of which the affairs have been liquidated as far as possible, but the re-
ceiverships are kept open by matters pending in the courts. Iu these
cases the expenses of the receivership are reduced to a minimum, and
the compensation of the receiver is made dependent as far as practica-
ble upon services rendered and results obtained.
The following table shows the receiverships that are in this condition ::
Name and location of bank.
Date of
appointment
of receiver.
Dividends
paid.
First National Bank of Anderson, Ind
Nov. 23, 1873
J tine 23, 1877
Nov. 24, 1877
Doo. 1, 1877
Sept. 13,1878
Nov. 1,1878
Mftr, 24, 1883
Per cent.
39.
tlOO
two
60
40
50
65
National Bank of the State of Missouri, Saint Bonis, Mo
Third National Bank of Chicago, 111
Central National Bank of Chicago, 111
People’s National Bank of Helena, Mont
German American National Bank of Washington, D. C
First National Bank of Union Mills, Union City, Pa 1
* Thirty -eight of tfoefu) ljayo been reorganized, ' ""’tAnd interest,
78 REPORT OF THE COMPTROLLER OF THE CURRENCY.
By reference to tlie Report of 1886 it will be seen that the number of
these inactive receiverships has been reduced during the past year by
two, viz, that of the New Orleans National Banking Association, and
the First National Bank of Butler, Pa.
The New Orleans National Banking Association was interested in the
case No. 897, Supreme Court of the United States, New Orleans National
Banking Association, appellant, v. E. 13. Le Breton, appellee, which was
decided on March 21, 1887, adversely to the receiver. When the last
dividend was declared, there was reserved only money enough to defray
the expenses of this litigation, so that when the decision was rendered
the trust was closed. Out of the amount reserved, however, a small
sum was applied to publishing in New Orleans a list of creditors who
had not drawn dividends, and by this means unclaimed dividend checks
to the amount of $511.83 have since been delivered.
The First National Bank of Butler, Pa., was kept open because of the
unadjusted accounts of the receiver. An adjustment was reached dur-
ing the past year, and a final dividend was declared of 11 per cent.,
making 81 per cent, in all, and closing the trust.
The receivership of the National Bank of the State of Missouri in
Saint Louis seems to have been placed in an anomalous position by rea-
son of the assets proving more valuable than they were supposed to be.
The receiver was appointed June 23, 1877, and on October 2, 1879, an
assessment of 25 per cent, was ordered on the stock of the bank.
This assessment, which amounted to $510,025, yielded only $245,108,
and although the creditors were paid in full before October 31, 1882, the
receivership seems to have been continued because of apprehended dis-
agreements among shareholders as to the relative rights of those who
had paid their assessments in lull, those who had paid in part, and those
who had not paid.
In order to comply with the law the Comptroller caused a meeting of
shareholders to be-called on June 16, 1887, at which an agent was duly
elected, but up to the present time he has failed to give the requisite
bond.
There is some litigation in progress of immense importance to the in-
terests involved in this trust, and it is necessary, therefore, that its af-
fairs should be looked after. The stockholders have shown very little
concern about the matter.
On March 1, 1882, a final dividend for balance due on principal and
interest was declared and paid to the creditors of the Third National
Bank of Chicago, 111. No assessment upon the shareholders had been
levied. On June 7, 1882, iu pursuance of instructions from the Comp-
troller, a meeting of the shareholders was held for the purpose of select-
ing an agent to receive the remaining assets of the bank. Iu conse-
quence of the failure of the shareholders to select such agent, the receiv-
ership was continued. During the past year another meeting was
called, in accordance with instructions from the Comptroller, with the
same result. A resolution distinctly refusing to elect an agent was
adopted by shareholders representing 5,828 shares out of a total of
7,500, being based upon statements entered in the records of the meet-
ing that grave complications would arise in the sale and disposition of
the remaining assets of the trust, to the financial injury of the share-
holders.
The law affords no means by which shareholders can be coerced into
availing themselves of the privilege of taking charge of their own affairs.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 79
/
Dividends Paid to Creditors of Insolvent National Banks during the fast
year, with Total Dividends in each case up to November 1, 1887.
Name and location of bank.
Dividends paid during
tho past year.
i
Total
dividends
paid to
depositors.
Propor-
tion of
interest
paid t o
depositors.
Pacific National Bank of Boston, Mass
First National Bank of Blair, Nebr
Richmond Nat ional Bank of Richmond, Ind
Lancaster National Bank of Clinton, Mass
City National Bank of Williamsport, Pa
First National Bank of Pino Bluff, Ark
Exchange National Bank of Norfolk, Va
Schoharie County National Bank of Schoharie, N. Y ..
First National Bank of Angelica, N. Y
First National Bank of Wnbpeton, Dak
Paiatka National Bank of Palatka, Fla
First National Bank of Butler, Pa
First National Bank of Livingston, Mont
Middletown National Bank of Middletown, N. Y
Henrietta National Bank of Henrietta, Tex
Fidelity National Bank of Cincinnati, Ohio
Logan National Bank of West Liberty, Ohio
First National Bank of Leadvillo, Colo
Total amount.
$091, 874. 96
82, 945. 82
73, 172. 39
34, 147. 64
70, 442. 34
16, 238. 24
291,973.33
14,932.52
15,518. 79
11,011.18
9, 491. 70
12, 787. 24
21, 262. 54
102, 876. 81
32, 391.89
596, 642. 30
8, 108. 66
20, 385. 00
Per cent.
30
100
20
20
50
25
10
10
10
10
100
11
75
• 15
50
25
10
10
Per cent.
50
100
56
70
100
25
40
40
85
10
100
81
75
70
50
25
50
40
Per cent.
100
i 100
10C
Total
2, 106, 203. 41
Oat of 3,805 uatioual banks organized since February, 18G3, only 120,
or about 3 per cent., have been placed in the hands of receivers; this
includes 9 which had been previously placed in liquidation by their
stockholders, but upon their failing to pay their depositors the Comp-
troller appointed receivers to wind up their affairs. Out of the above
total of 120 failed banks, 41 have paid their creditors iu full, while 23
have besides paid interest, 18 in full and 5 in part. The affairs of 85
banks of the 120 have been finally closed, leaving 35 in process of set-
tlement, of which, as has been seen, 7 are virtually closed with the
exception of pending litigation, leaving 28 receiverships only in active
operation.
The total amount so far paid to creditors of insolvent national banks
has been $29,434;986, upon proved claims amounting to $40,938,388.
The amount paid during the year has been $2,135,878, which includes
$29,075 paid in dividends declared prior to ^November 1, lbSG, on claims
proved since that date. Assessments amounting to $9,945,250 have
been made upon stockholders of insolvent national banks under section
5151 of the Revised Statutes of the United States. From this source
the gross collections amount to $4,GS2,5G3, of which there has been re-
ceived during the past year $030,755. Suits are pending iu some cases.
It will be observed that the gross collections from stockholders of in-
solvent banks amount to only about 47 per cent, of the assessments.
Unfortunately the cost of the litigation attending such collections can
not be accurately ascertained from the records iu this office, but it has
been very great, and should be deducted from gross collections. The
Comptroller is disposed to think the net amount actually realized to
creditors from this source has been under, rather than over, 40 per cent,
of the total assessments. Iu any case the figures show that the secu-
rity afforded to creditors by subjecting shareholders to liability beyond
the loss of their stock is quite disproportionate to the damage inflicted
upon solvent shareholders. This personal-liability feature tends to dis-
courage prudent business men from investing in national-bank stock,
80 REPORT OF THE COMPTROLLER OF THE CURRENCY.
while contested assessments generally develop an amount of chicanery
and fraud which must exercise an injurious influence upon morals.
ISSUES AND REDEMPTIONS.
The following table exhibits the number and amount of national-bank
notes of each denomination which have been issued and redeemed since
the organization of the system, and the number and amount outstand-
ing on October 31, 1887 :
Denominations.
\
Number of notes.
Amount.
Issued.
Redeemed.
Outstand-
ing.
Issued.
Redeemed.
Outstanding.
Ones
Twos
Fives
Tens
Twenties
Fifties
One hundreds
Five hundreds
One thousands
Fractions outstand-
23, 167, 677
7, 747, 510
101), 455,524
42, 762, 799
13, 301, 145
1, 849, 613
1, 375, 146
23, 924
7, 369
22, 776, 403
7, 646, 720
85, 170, 819
33, 799, 928
10, 091,941
1, 536, 143
1, 127, 452
23, 293
7,305
391, 274
100, 799
15, 284, 705
8, 962, 871
3, 209, 204
313, 470
247, 694
631
64
§23, 167, 677
15, 495, 038
502, 277, 620
427, 627, 990
266, 022, 900
92, 480, 650
137, 514, 600
11,962, 000
7, 369, 000
$22, 776, 403
15, 293, 440
425, 854, 095
337, 999, 280
201,838, 820
76, 807, 150
112, 745,200
11, 646, 500
7, 305, 000
$391, 274. 00
201, 598. 00
76, 423, 525. 00
89, 628, 710. 00
64,184,080.00
15, 673, 500. 00
24, 769, 400. 00
315, 500. 00
64, 000. 00
23, 742. 60
Totals
190, 690, 716
162, 180, 004
28, 510, 712
1, 483, 917, 475
1, 212, 265, 888
271, 675, 329. 60
Notes of gold banks are not included in this table.
A table showing the number and denomination of national-bank notes
issued and redeemed, and the number of each denomination outstanding
on October 31, for the last twenty years, will be found on page 178 in
the Appendix.
Distinct accounts are kept for the incomplete currency issued to banks
in replacement of notes redeemed and destroyed under the provisions erf1
the act of June 20, 1874, to banks taking out new circulation upon an
extension of their corporate existence under the act of July 12, 1882,
and to old and new banks increasing the volume of their circulation by
adding to the amount of bonds deposited. The notes issued in the three
latter cases have heretofore been designated (on the books of this office
and in previous reports) “ additional circulation,” but this term applies
properly only to the two cases last above mentioned.
In order that the following table, showing by States the amount of
“ additional circulation w issued during the year ending October 31, 18S7,
and the total amount of such circulation issued since June 20, 1874, may
conform to previous reports, the three classes of issue are distributed
into two columns, one showing amounts issued under the act of 1882
and the other the issues which are properly additional. This table also
shows the amount of circulation retired during the year and the total
amount retired since June 20, 1874.
report of the comptroller of the currency,
81
Table showing by States the amount of “additional circulation” issued
DURING THE YEAH ENDING OCTOBER 31, 1887, AND TOTAL AMOUNT ISSUED SINCE
June 20, 1874.
States and Territories.
Maine
New Hampshire
Vermont
Massachusetts
lthode Island
Connecticut
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia.
Virginia
"West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Missouri
Ohio
Indiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
Kansas
Nebraska
Nevada
Oregon
Colorado
Utah
Idaho
Montana
Wyoming
New Mexico
Dakota
Washington
California
Arizona
Circulation
issued
under act
of July 12,
1882.
$46, 220
40, 040
51, 590
1, 113, 806
2, 050
178, 465
217,510
19, 000
597, 910
3, 000
30
119, 250
30, 310
128, 450
18, 600
420
3, 850
32, 750
Xotal
Surrendered to this office
and retired
From .Tune 20, 1874, to Octo-
ber 31, 1886
Surrendered and retired
same dates
2, 614, 080
Grand total October
31, 1887
Additional
circulation
issued.
$11, 250
45, 000
56, 250
940, 320
13, 950
45, 000
1, 041, 030
203, 270
806, 290
11, 240
07, 500
45, 000
11, 250
25,650
11, 250
11,240
90, 000
1, 930
249, 750
96, 740
302, 480
408, 075
71, 010
227, 340
253, 975
439, 955
249, 030
310, 025
93, 420
181, 120
94,580
180, 035
877, 420
225, 000
11, 250
92, 240
78, 990
10
15, 000
22, 505
' 13, 520
133, 205
82, 510
318,850 I
22,500 I
Total.
$57,470
94, 940
107, 840
2, 054, 125
16, 900
223, 465
L 258, 540
222, 270
1,404,230
11, 240
70, 500
45, 000
11,250
25, 650
11, 250
11, 240
90, 000
1,930
249, 750
96, 740
302, 480
468, 675
71,010
227, 340
254, 005
559, 205
279, 990
438, 475
112, 020
181, 540
98, 430
212, 785
877, 420
225, 000
11,250
92, 240
78, 990
10
15, 000
22, 505
13,520
133, 265
82, 510
318, 850
22, 500
8, 519, 265
11, 103, i>4o
Circulation retired.
Under act
of June 20,
1874.
Insolvent
and
liquidating
banks.
$429, 204
$433, 197
298, 673
198,942
500, 257
337, 939
4, 341, 101
3, 869, 189
796, 280
1, 112, 291
1, 107, 930
1, 195, 343
1,973, 799
2, 780, 776
588, 602
456, 091
3, 598, 189
2, 920, 249
38, 160
33, 343
650, 448
752, 416
61, 982
881
140, 320
147, 059
73, 114
146, 032
112,052
27, 202
135, 102
35, 050
211, 640
110, 073
3,340
1,595
127.450
18, 622
11, 730
15
281, 372
170, 077
108, 636
16, 801
19, 097
10, 355
1,154, 197
288, 240
253, 335
108, 890
216,441
130, 161
1, 730, 530
1, 242, 340
649, 186
503, 567
066, 927
419,580
281, 533
287, 942
163, 603
156, 736
437, 826
169, 517
124, 323
89, 817
107,461
23, Oil
153, 688
51, 547
5, 960
20, 650
63, 437
07, 845
32, 530
841
12, 851
4, 015
13, 000
140
3, 560
80, 840
20, 350
37, 326
38, 750
7, 612
104, 740
8, 370
8, 970
21, 957, 758
18, 366, 519
19G, 704, 902
207, 878, 247
171, 775, 021
193, 732, 779
58, 347, 227
76, 713, 746
Total.
$862, 401
497, 615
838, 196
8, 210, 290
1, 908, 577
2, 303, 273
4, 754, 575
1, 044, 693
6, 518, 438
71, 503
1, 402, 934
62, 863
287, 379
219, 146
139, 254
170, 152
321, 713
4,935
146, 072
11, 745
451, 449
125, 437
29, 452
1,442, 437
362, 225
346, 600
2, 972, 872
1, 152, 753
1, 086, 507
569, 475
320, 339
607, 343
214,140
130, 472
205, 235
5, 960
20, 650
131, 282
33,371
16, 866
13, 000
3, 700
101,190
37, 326
46, 362
113, 110
8, 970
40, 324, 277
290, 769
230, 122, 248
15, 246, 964
285, 984, 258
Notes of gold banks are not included in the above table.
Of tlie above $8,549,265 there was issued to banks organized during
the year $4,690,375, and to already existing banks increasing their cir-
culation $3,85S,S90.
8770 cur 87 6
82 REPORT OF THE COMPTROLLER OF THE CURRENCY.
ISSUES.
The total issues of incomplete currency during the year are shown by
the vault account, as follows :
National-bank currency in vaults October 31, 1886 $62,486,660
Amount received from Bureau of Engraving and Printing during the
year ending October 31, 1887 25, 413, 750
Total *. 87,900,410
Amount issued to banks during the year $36, 756, 100
Amount canceled during the year, not having been issued. 934,060
37, 690, 160
Balance in vaults 50, 210, 250
The duties devolving upon the clerical force in the division of issue
of this office are of great responsibility, requiring absolute accuracy
and promptness on the part of those to whom these duties are assigned.
The records of receipts and issues are balanced daily with the vault ac-
counts, and the work of each day is completed before that of another
day is begun. During the past year 29,993 packages of currency were
forwarded to banks by express, the same number of receipts prepared
for signature and return by the banks, and a large amount of corre-
spondence was conducted.
REDEMPTION.
The provisions of law relating to the redemption of the circulating
notes of national banks have undergone many changes, but no change
has at any time been made in the only two provisions contained in the
act of February, 1863.
These are, first, that every bank must redeem on demand at its place
of business any of its circulating notes presented there for redemption
during business hours; and second, that the medium of redemption
must be u lawful money of the United States.”
By the act of June 3, 1804, every association located in Snint Louis,
Louisville, Chicago, Detroit, Milwaukee, New Orleans, Cincinnati,
Cleveland, Pittsburgh, Baltimore, Philadelphia, Boston, New York, Al-
bany, Leavenworth, San Francisco, or Washington City was required
to select, subject to the approval of the Comptroller of the Currency,
some national bank in the city of New York, “ at which it will redeem
its circulating notes at par and each association not organized within
any of the cities named had likewise to select as its redemption agent
some association in one of these cities.
The Comptroller was required to give public notice of the redemption
agent of every association, and of any changes made in such agents,
and in case any bank failed to select an agent, or to redeem its notes,
as provided by the act, the Comptroller, with the concurrence of the
Secretary of the Treasury, might appoint a receiver to wind up its
affairs.
The act of June 20, 1874, established the National Bank [Redemption
Agency of the Treasury at Washington, repealed all requirements as to
redemption agents elsewhere, relieved the banks of the obligation to
keep a reserve upon their circulating notes, and substituted therefor the
requirement that every bank should keep up a redemption fund in the
hands of the Treasurer of the United States equal to 5 per cent, of its
outstanding circulation.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 83
The following table, compiled from the Treasurers’ reports, shows
the practical working of the law as to the 5 per cent, redemption fund :
Table showing Mode of Reimbursement of Five Per Cent. Redemption Fund
by National Banks, by Fiscal Years, from 1875 to 1Ss7, inclusive.
Years.
1875
1870
1877
1878
187!!
1880
1881
1882
1883
1884
1885
188(3
1887
Total....
Average
Deposits of
lawful money
with assistant
treasurers,
United States.
Deposits with Treasurer, United States.
Deposits re-
ceived at
counter.
Remittances
of lawful
money by ex-
press.
Proceeds of
national-bank
notes redeemed.
Total.
$88, 834, 653. 12
105, 134, 528. 37
110, 044, 751. 34
100, 819, 824.50
101, 194, 261. 04
46, 960, 242. 0(5
41, 411, 436. 87
50, 531, 496. 68
113,726, 801. 90
89, 338, 255. 34
108, 264, 901. 13
92, 363, 184. 15
46, 254, 760. 76
$989, 646. 63
664, 989. 45
<*>
(*>
<*)
(*)
(*)
(*)
<*)
(*>
(*>
1,787, 241.84
2, 077, 837. 82
$32, 308, 100. 78
19,042,491. 62
7,678,750. 57
5, 935, 800. 89
4, 894, 393. 00
2, 627, 801. 10
3, 106, 187. 40
2, 975, 682. 27
2, 939, 882. 01
3, 801, 957. 40
4, 503, 141. 79
3, 433, 408. 78
2, 000, 214. 04
$18, 742, 163. 00
52, 643, 065. 00
91, 856, 709. 92
98, 552, 739. 98
50, 581, 484. 09
6,924,097. 88
4, 313, 702. 36
4, 534, 598. 69
5, 248, 120. 14
5, 727, 786. 37
0, 376, 897. 26
5, 775, 498. 84
2, 189, 546. 65
$140, 874, 563. 53
177, 485, 074. 44
215,580,271.83
205, 308, 371. 37
156, 670, 138. 19
S6, 512, 201. 10
48, 831, 326. 63
58, 041, 777. 64
121, 914, SOL 05
98, 867, 999. 17
117, 144, 040. 18
103, 359, 393. 61
52,522,359.27
1,098,879,007.26
70.75
5, 519, 715. 74
6. 13
95, 247, 937. 83
G. 13
353, 46G, 470. 18
22. 76
1,553,113,221.01
100.00
* No record.
The following tables, compiled from the Treasurers’ reports, show for
the fiscal years 1874-’75 to 18SG-’S7—
1. The amounts of national-bank currency received annually at the
redemption agency, and the disposition made of it.
2. The points from which this currency was forwarded, and the per-
centage ot' the whole received from each point.
3. The total amount of notes redeemed, and the mode of redemption.
4. The cost of redemption.
Table showing Receipts and Deliveries of Moneys by tiie National-Bank Redemption Agency (United States Treasurers Office)
for each Fiscal Year from 1875 to 1887, inclusive.
84
REPORT OF TIIE COMPTROLLER OF THE CURRENCY.
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Ta.ble showing Total Amount and Mode of Payment for National-Bank Notes Redeemed, by Fiscal Years, commencing with 1 ear
ending June 30, 1875.
86
REPORT OF THE COMPTROLLER OF THE CURRENCY.
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REPORT OF THE COMPTROLLER OF THE CURRENCY.
87
REDEMPTION OF CIRCULATION OF BANKS IN THE HANDS OF RE-
CEIVERS, OF TnOSE IN VOLUNTARY LIQUIDATION, AND OF THOSE
REDUCING CIRCULATION UNDER THE ACT OF JUNE 20, 1874.
The redemption of the circulating notes of failed banks at the United
States Treasury was provided for originally as it is now, by giving the
Comptroller power to cancel or to sell the bonds of the banks, and in
ease of deficiency in the proceeds to make it good out of the assets of
the corporation ; but before the act of 1874 went into effect the notes of
such banks were called in by public advertisement, whereas now they
are left in circulation until they are brought by the ordinary currents
of redemption into the office of the Treasurer or of one of the assistant
treasurers, or into the hands of a designated depositary of public
moneys, or one of the national-bank depositaries.
Section 8 of the act of June 20, 1874, requires the Treasurer, as-
sistant treasurers, designated depositaries, and national-bank deposi-
taries to assort and return to the Treasury for redemption the notes of
such national banks as have failed, or have gone into voluntary liqui-
dation, and of all such as shall thereafter fail or go into such liquida-
tion.
The following table, compiled from the records of the Bureau of the
Currency, shows the course of redemption of the notes of failed banks :
Total circulation of all failed banks, $14,818,270 ; amount redeemed,
$13,392,311; balance outstanding or lost, $1,425,905.
Table showing, by Years, from October 1, 1865, to November 1, 1887, the
Total Circulation of Banks Failed, the Amount Redeemed, and the
Balance Outstanding at close of each Year. (Compiled from Reports
of Comptroller of the Currency.)
Year ending—
Total circu-
lation out-
standing at
end of pre-
vious year.
Total circu-
lation of
banks failed
during
the year.
Aggregate
of two pre-
vious col-
umns.
Amount of
circulation
of failed
banks re-
deemed dur-
ing year.
Balance of
circulation
of failed
banks out-
standing at
close of year.
October 1, 1865
October 1, 1866
October!, 1867
October 1, 1868
October 1, 1869
October!, 1870
October 1, 1871
November 1, 1872
November 1, 1873
November 1, 1874
November 1, 1875
November 1, 1876
November 1, 1877
November 1, 1878
November 1, 1879
November 1, 18S0
November 1, 1881
November 1, 1882
November 1, 1883
November 1, 1884
November 1, 1885
November 1, 1886
November 1, 1887
Total
$44, 000. 00
303, 680. 00
889, 292. 00
562, 559. 00
332, 738. 45
318, 835. 85
208, 551. 60
501, 363. 00
2, 302, 548. 00
2, 037, 638. 00
1, 396, 967. 50
976, 296. 70
1, 025, 625. 45
1, 551, 454. 00
1, 148, 679. 00
1, 332, 276. 00
949, 742. 00
1, 401, 632. 00
861, 128. 00
1, 098, 288. 00
1,133,414. 00
1, 458, 020. 00
$44, 000
265, 000
748, 900
321, 800
45, 000
129, 700
None.
1, 388, 393
2, 522, 100
230, 000
638, 676
540, 609
2, 349, 114
1, 385, 068
516, 825
506, 143
None.
999, 500
108, 200
850, 120
486, 550
434, 840
307, 738
$44, 000. 00
309, 000. 00
1,052, 580.00
1, 211, 092. 00
607, 559. 00
462,438.45
318,835.85
1, 596, 944. 60
3, 023, 463. 00
2, 532, 548. 00
2, 676, 314. 00
1, 937, 576. 50
3, 325,410.70
2, 410, 693. 45
2, 068, 279. 00
1, 654, 822. 00
1, 332, 276. 00
1, 949, 242. 00
1, 509, 832. 00
1, 711, 248. 00
1, 584, 838. 00
1,568, 254.00
1, 765, 764. 00
None.
$5, 320. 00
163, 288. 00
6)8,533. 00
274, 820. 55
143, 602. 60
110, 2S4. 25
1,095, 581.60
720, 915. 00
494,910.00
1, 279, 346. 50
961,279. SO
2, 299, 785. 25
853, 239. 45
919, 660. 00
322, 546. 00
382, 534. 00
547, 610. 00
618, 704. 00
612, 960. 00
451,424. 00
110, 228. 00
339, 799. 00
$44, 000. 00
303, 680. 00
889, 292. 00
562, 559. 00
332, 738. 45
318, 835.85
208, 551. 60
501, 363. 00
2, 302, 548. 00
2, 037, 638. 00
1, 306, 907. 50
976, 296. 70
1, 025, 625. 45
1, 551, 454. 00
1, 148, 679.00
1, 332, 276. 00
949, 742. 00
1,401,632. 00
801, 128. 00
1, 098, 288. 00
1, 133,414. 00
1, 458, 026. 00
1, 425, 905. 00
14, 818, 276
13, 392, 311, 00
Before the act of June 20, 1S74, banks reducing their circulation
could withdraw their bonds from the Treasury only upon surrendering
there for cancellation an amount of their circulating notes proportioned
88 REPORT OF THE COMPTROLLER OF THE CURRENCY.
to tlie amount of bonds to be withdrawn, and up to July 14, 1870, banks
for one year after going into voluntary liquidation had to resort to the
same means in order to withdraw their bonds, but after the expiration
of the year such banks might deposit lawful money for the difference
between the whole amount of circulation issued to them and the amount
surrendered, and thereupon get back the rest of their bonds. The amount
of such deposits and the time at which they should be made were left
to the voluntary choice of the bank. The act of July 14, 1870, made the
deposit of lawful money obligatory upon liquidating banks, and the act
of June 20, 1874, fixed six mouths after notice of liquidation as the
limit of time allowed for making such deposits.
The act of June 20, 1874, provided also that any national banking as-
sociation might withdraw its circulating notes upon the deposit of lawful
money with the Treasurer of the United States in sums of not less than
$9,000. Under this act, and on account of liquidating and insolvent
banks, and under section 0 of the act of July 12, 18S2, which provides
for a deposit of lawful money to retire the old circulation of national
banks whose corporate existence has been extended, $371,882,780 of
lawful money has been deposited with the Treasurer. This includes
$2,663,720 for redemption of the notes of national gold banks and
$75,806,357 for the redemption of national-bank notes under section 6
of the act of July 12, 1882.
During the year ending October 31, 1887, lawful money to the amount
of $61,387,320 was deposited with the Treasurer to retire circulation,
of which $1,169,472 was deposited by banks in liquidation, $36,664,668
by banks reducing circulation under the act of June 20, 1874, and
$23,553,180 by banks retiring old circulation under the act of July 12,
1882. The amount previously deposited under the acts of June 20,
1874, and July 12, 1882, was $260,403,378; by banks in liquidation,
$64,276,892; making a total of $386,127,590. Deducting from the total
the amount of circulating notes redeemed and destroyed without re-
issue, which was $283,301,453, there remained in the hands of the Treas-
urer on October 31, 1887, $102,826,137 of lawful money for the redemp-
tion and retirement of national bank circulation, including $239,929 for
the redemption of the circulating notes of national gold bauks.
Prior to June 20, 1874, there were redeemed and destroyed $10,431,-
135, and since that date $272,870,317 of bank notes have beeu re-
deemed, destroyed, and retired. This latter amount includes $2,423,-
791 of the notes of national gold banks, and $30,728,515 of the notes
of national banks whose corporate existence has been extended under
the act of July 12, 1882.
There are at present no national gold banks in existence. Of those
which had been organized, three went into voluntary liquidation and
the others became currency banks, under the provisions of the act ap-
proved February 14, 1880.
Under all the laws now in operation the Treasurer has received for
redemption up to November 1, 1887, national-bank notes aggregating
in amount $1,795,093,803.
Duringthe past year the receipts atthe Treasury amounted to $83, 243,-
017, of which amount $30,052,077, or 36 per cent., was received from the
bauks in the city of New York, and $11,006,900, or 13 per cent., from
banks in the city of Boston. The amount received from Philadelphia
was $6,896,189 ; from Chicago, $5,220,200 ; from Cincinnati, $2,650,868;
from Saint Louis, $3,219,686 ; from Baltimore, $2,708,500 ; from New
Orleans, $1,350,647 ; from Providence, $948,631, and from Pittsburgh,
$600,889
REPORT OF THE COMPTROLLER OF THE CURRENCY. 89
The following table exhibits the amount of national -bank notes i*e-
ceived monthly for redemption by the Comptroller of the Currency
(luring the year ending October 31, 1887, and the amount received
during the same period at the redemption agency of the Treasury, to-
gether with the total amount received since the passage of the act of
June 20, 1874:
Received by the Comptroller of the Currency —
From na-
tional banks
From the redemption agency —
Received
at United
Months.
in connection
with reduc-
tion of circu-
lation and
replacement
with new
notes.
For re-
placement
with
new notes.
For reduc-
tion of
circulation
under
act June 20,
1874.
Insolvent
and
liquidating
national
banks.
Total.
States
Treasury
redemption
agency.
1886.
November
$72, 840
$2, 200,310
$1, 150, 583
$1, 827, 553
$5, 251,280
$3, 954, 011
December
6, 515
2, 304, 475
1, 646, 230
1, 566, 826
5, 524, 040
7, 940, 494
1887.
January
13, 040
3, 231,160
2,370,512
1, 851, 451
7, 467, 063
11,513, 904
February
80
2, 845, 340
2, 390, 118
1, 775, 167
7, 010, 705
7, 769, 081
March
40, 700
2, 096, 630
1,754, 554
1, 549, 566
5,441,450
5, 943, 971
April
40
1,901,125
1,682, 552
1,510, 087
5, 093, 804
6, 908, 830
May
10, 690
2, 263, 050
2, 133, 914
1, 743, 237
6, 150, 891
7, 806,911
June
103, 970
2, 440, 760
2, 434, 653
1, 856, 924
(i, 836, 307
6, 878, 141
July
26,210
1,512,110
1, 086, 679
1, 253, 260
4, 478, 259
5, 903, 291
August
090
1,541,705
1,827,235
1, 289, 879
4, 659, 569
5, 921,000
September
3, 905
1,562, 075
1, 690, 764
1, 307, 548
4, 564, 292
5, 101, 627
October
40
1, 536, 715
1, 094, 064
835, 021
3, 465, 840
5, 541, 736
Total
279, 620
25, 435, 515
21, 861, 858
18, 360, 519
65, 943, 512
83, 243, 017
Received from June 20,
1874, to October 31,
1886
16, 065, 805
740, 273, 100
171, 865, 151
58, 222, 236
986, 426, 292
1, 711, 850, 786
Grand total
16, 345, 425
765, 70S, 615
193, 727, 009
76, 588, 755
1, 052, 369, 804
1, 795, 093, 803
Notes of gold banks are not included in the above table.
The following table, compiled from the books of the Comptroller of
the Currency, exhibits the amount of national-bank notes received at
this office and destroyed yearly since the establishment of the system:
Prior to November 1, 1865
During year ended October 31 —
1866'.
$175, 490
1, 050, 382
3, 401, 423
4, 602, 825
' 8; 003, 729
14, 305, 689
24, 344, 047
30, 2H.720
During year ended October 31 —
1879'
1880
$41, 101, 820
35, 539, 660
54, 911, 130
74,917,611
1867 ;
1881
1868
1882
J869
1883
82; 913; 766
1870
1884
93; 178,418
91,048, 723
59, 989, 810
47, 720, 0r3
87, 144, 882
1871
1885
1872
1886
1873
36j 433; 171
49, 939, 741
137, 697, 696
1887
1874
1875
Additional amount of insolvent and
1876
98| 672; 716
76, 918, 963
57, 381, 249
1877
Total
1,212,240,754
1878
Notes of gold banks are not included in the above table.
There was in the vault of the redemption division of this office, await-
ing destruction, at the close of business October 31, 1886 8*287, 240
Received during the year ended October 31, 1887 65, 997, 812
Total 66,285,052
Withdrawn and destroyed during the year 66, 148, 742
Balance in vault October 31, 1887 .i 136,310
90 REPORT OF THE COMPTROLLER OF THE CURRENCY.
There was received from the United States Treasurer $G5,718,192,
contained in 89,288 packages, and from banks direct, $279,620, contained
in 64 packages. The work in this division, in handling this vast amount
of mutilated notes, requires great accuracy, skill, and precision.
SUPERVISION.
The law imposes upon the Comptroller of the Currency the duty of
exercising a supervision over the national banks, and to that end re-
quires him to exact reports from them as to their condition on at least
five days in each year, and reports of the dividends and earnings of
each bank as often as dividends are declared.
The act of 3864 required reports of earnings to be made every six
months, whether dividends were declared or not, and although this
provision was omitted from the Revised Statutes, these reports have
been continuously required by the Comptroller under the general au-
thority to call for reports at his discretion.
The Comptroller is also authorized to cause examination of banks to
be made from time to time by persons selected for that purpose by him
and approved by the Secretary of the Treasury.
The acts of 1863 and of 1864 seemed to contemplate only occasional
examinations, and these by persons employed specially for the occasion.
The compensation for each examination was $5 a day and mileage.
Afterwards experience appears to have led to the employment of
regular examiners, and to their assignment to special districts ; then
followed periodical examinations, which in time arranged themselves at
intervals of about twelve months.
The Revised Statutes adopted in 1874 changed the compensation of
examiners from a per diem allowance and mileage to fees, graded in
amount according to the capital of the bank examined, but this scale of
fees was not made applicable to the examination of banks in reserve
cities, in certain States named in the Statutes, and in the then Terri-
tories. In these excepted cases the Secretary of the Treasury was em-
powered, upon the recommendation of the Comptroller, to fix the com-
pensation of examiners.
The act of February 19, 1875, readjusted the scale of fees.
From the beginning of the system, however, until now all examina-
tions have been at the expense of the examined bank, which appears to
be a sacrifice of principle to governmental economy.
It would appear that the supervision of the national banks by the
Comptroller of the Currency was intended originally only to protect the
revenue from being defrauded and the public from suffering loss through
improper issues of circulating notes, but in process of time the super-
vision came to be extended so as to serve as a protection to depositors
against the maladministration of directors; and quite recently it has
been assumed that examiners are expected to discover the defalcations
of cashiers and tellers, fraudulent entries in the books of banks, and
false statements of assets and liabilities in cases where the president
and directors, or some of them, have failed to make such discoveries.
However desirable it may be that examiners should bo encouraged
to fulfill this extreme expectation, yet no one of practical experience
would rely upon an examiner who comes only once a year and who can
afford to stay but a single day, to discover thefts or false entries that
have been successfully concealed from directors who are always present
and whose own money is being stolen.
REPORT OP THE COMPTROLLER OE THE CURRENCY. 91
All efforts must be futile that are directed to supplying by means of
official examination an effective substitute for the vigilance and per-
sonal accountability of directors. Legislative or administrative force
applied to such efforts will be misapplied and wasted.
The only reasonable theory of accountability and supervision is this:
The officers of the bank should be accountable to the directors for the
honesty and efficiency of its interior administration; the president and
directors should be responsible to the public for such an organization
as tends to prevent fraud and to detect irregularities. To this end they
should especially be required to satisfy themselves personally that all
the officers are of good character and reputable conduct ; that they re-
ceive sufficient compensation to lift them above undue temptation ; that
the books of the bank are accurately kept and always up to date; that
every statement and report emanating from the bank conforms to the
books and the facts, and that no laxity of internal administration in-
duces to fraud by displaying opportunities for its perpetration and con-
cealment.
Only banks thus organized and administered are in condition to un-
dergo official examination, which strictly should not be extended beyond
the ascertainment, first, that the bank really is thus organized and ad-
ministered ; second, that no law has been violated in respect to loans,
reserve, investments, bad debts, or dividends; and, third, that the as-
sets are really worth the amounts representing them on the books of
the bank.
Finally it should be the aim and duty of the Comptroller of the Cur-
rency to bring every national bank into the condition of organization
and administration described, and he should labor to keep every bank
in such condition by a scrutiny of its reports, by correspondence, and
by means of examinations.
It is probable that the great majority of banks are properly organized
and administered, but it is unfortunately certain that quite too many
are not so, and among these arise from time to time the scandals that
divert public attention from the general honesty and excellence of
national-bank administration to sporadic cases of fraud or imbecility.
While the present system of examinations and reports has no doubt
contributed materially to the general improvement of the banks, there
are two things which seem to me essential to its completeness : first,
a stern enforcement through the courts of the responsibilities of officers
and directors, both criminal and pecuniary ; aud secondly, the assump-
tion by the Government of the expense attending examinations.
Section 5209 of the Revised Statutes of the United States seems broad
enough to cover most cases of misappropriation by directors and offi-
cers, and section 5239 subjects directors to pecuniary responsibility for
all violations of law causing damages to depositors, stockholders or
others.
When the capital of a bank is found to have been impaired by losses
or otherwise, the Comptroller of the Currency is compelled to decide
among the following:
1. He may permit a reduction of capital.
2. He may approve of voluntary liquidation.
3. He may require and empower the directors to assess the share-
holders.
4. H e may proceed against the corporation under section 5239 and sub-
ject the directors to damages for any losses to stockholders or to others
by violations of law knowingly committed or permitted by them.
92 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Manifestly the Comptroller can choose the latter course only when
the losses can be shown to be fairly due to violations of law known to
the directors as a body, and it is difficult to prove such knowledge, be-
cause the necessary evidence is generally controlled by the directors
themselves. On the other hand, it is obviously unjust that stockhold-
ers should lose their investments, or be subjected to assessment, when
the losses are due to violation of law committed within range of every
director’s scrutiny and often with the knowledge and for the benefit of
one or more members of the board, but of which personal knowledge
can not be specifically established in a sufficient number of cases.
It would appear from this point of view to be very important that the
law should be so framed as to establish against all directors an ante-
cedent presumption that they know and consent to whatever is done in
the bank habitually, and to whatever else goes on there that au ordina-
rily intelligent business man would discover by the use of reasonable
diligence.
If this were done, stockholders of national banks would come in for
their due share of protection, and directors would attend to their duties
more faithfully than many of them now do, while both the examinations,
and the reports made to the Comptroller directly by the banks would
be more trustworthy.
EXAMINATIONS.
It is of the highest importance to the banks as a body, as well as to
the public, that examiners should be expert, vigilant, and trustworthy,
and that the examinations should be frequent and unexpected.
While the examiners now employed are generally competent, and
many of them are excellent, yet in some cases the territory to be cov-
ered is too large to permit of anything like sustained observation by
t he examiners, and the pay is too small to secure the best men for the
work. Examiners must be considered as of two classes, those whose
supervision is confined to comparatively a few banks in proximity to
each other, and those who have to travel over a great area, visiting a
number of solitary banks, each of limited resources.
In most of the large cities the banks are numerous enough to permit
of an examiner being employed for each city exclusively, and the com-
pensation is sufficient to secure thoroughly competent men.
Again, in the South and West the banks are so sparsely scattered over
great areas that it takes a great deal of time and costs a great deal in
traveling expenses to make the rounds of a district, while the capital
of each bank is so small that a great many must be assigned to oue
man, in order that the aggregate fees may amount to enough to com-
pensate him. For example, one examiner has to travel all over South
Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana, and Arkan-
sas to examine ninety banks.
If all the State banks in the West and South were in the national sys-
tem, the examination districts in those sections could be subdivided to
the great improvement of the supervision in thoroughness and effect
i von ess.
As has already been said, it would bo a great improvement if the ex
aminers could be paid by the Government, and I feel constrained t‘»
repeat the recommendation that provision be made for inspectors or
supervising examiners. I also respectfully recommend that provision
be made for periodical conferences of examiners.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 93
REPORTS.
TLie reports made by banks upon the requisition of the Comptroller
are of two elasses, those intended to inform the public as to each bank’s
condition and those intended for the information of the Comptroller
only.
The reports intended for the public are required to be published, and
it is the duty of the Comptroller to see that this requirement is com-
plied with. To this end a copy of each publication has to be filed in
the Bureau, together with the affidavit of the publisher, verifying the
bauk’s compliance with the law as to the number of insertions.
During the past year 14,802 reports of condition, about 6,000 reports
of dividends and earnings, and 2,833 reports from examiners have been
received at the office of the Comptroller of the Currency, and fully
13,000 letters and circulars have been sent out in connection with them.
The reports received are all carefully examined, compared with one an-
other, and abstracts are made from them.
From these various reports, after examination and verification, the
subjoined tables have been compiled, and other tables compiled from
the same sources will be found in the Appendix, showing the condition
of the reserve of national banks, their loans and discounts, abstract of
reports of dividends and earnings, ratios to capital aud to capital and
surplus, and other valuable information as to the condition of the na-
tional banks on the date of the last report.
A large table, on folded sheet, appended hereto, exhibits for October
5, 1887, in aggregate, every detail embraced in the tabulated reports re-
quired of the banks. Similar tables are made up for the information
of the Comptroller from the reports gathered from all banks five times
each year. The amounts are given separately for each State, reserve
city, and Territory.
DIAGRAM.
With the report of 1886 a diagram was submitted grouping graphically
the main features of the national banking system, and showing by con-
tinuous lines the variations occurring between January 1, i860, and
October 7, 1886. It has not been considered necessary to reproduce this
diagram, because any one interested in the subject can extend the lines
by means of the figures contained in the summary of the condition of
the banks, given on page 2 of this report.
The following table groups in a compendious form the most important
facts shown in the diagram, extended to October o, 1S87. The exact
figures in each case are given in the table; in the diagram they had to
be abridged into round millions.
January 1,
October 5,
Highest point touched.
Lowest point touched.
1806.
1887.
Amount.
Bate.
Amount.
Date.
Capital
$403, 357, 346
$578,402,705
$578,462,765
Oct. 5, 1887
$403, 357, 340
Jan.
1,1806
Capital, surplus, and uu-
divided profits
475, 330, 204
823,827,373
823,827,373
Oct. 5, 1887
475, 330, 204
Jan.
1,1806
Circulation
213, 239, 530
107,283,343
341,320,250
Dec. 20,1873
106, 025, 058
Aug.
1, 1887
Total investments iu
United States bonds . .
440, 380, 350
223.754,450
712,437.900
Apr. 4,1879
223, 242, 050
Aug.
1, 1887
Deposits
520, 212, 174
1,249.477,120
1.285,070.978
Aug. 1,1887
501, 407, 586
500, 650, 109
Oct.
8,1870
Loans anil discounts
500, 050, 109
1,580,045,047
1,580,045,6)7
Oct. 5, 1887
Jan.
1, 1806
Cash:
National-bank notes.
20. 400, 442
21.937,884
28,809,099
Dec. 31, 1883
11, 841, 104
Oct.
7, 1807
Legal-tender notes . .
187, 840, 548
73,751,255
205,793,579
Oct. 1, 1806
52, 156, 439
Mar.
11, 1881
Specie
10, 909, 303
105,085,454
177,012,492
July 1,1885
8, 050, 330
Oct.
1, 1875
«
94 REPORT OF THE COMPTROLLER OF THE CURRENCY.
An examination of this table shows that the aggregate capital, sur-
plus, undivided profits, circulation, and deposits have increased from
$1,208,781,908 in January, 1800, to $2,240,587,843 in October, 1887,
which is less than double, while the loans and discounts have gone up
from $500,050,109 to $1,580,045,647, which is more than treble, showing
how much more widely the banks are now identified with the general
business of the country than they were twenty-two years ago.
The investments in bonds have taken an opposite course. Amount-
ing to $440,380,350 in 1806, increasing to $712,437,900 in April, 1879,
they had subsided by October 5 last to $223,754,450, almost exactly
half what they were in 1800, and considerably less than a third of what
they momentarily amounted to in 1879.
The specie, which at the beginning of the period was but $10,909,363,
had got down in October, 1875, to $8,050,330, is now $105,085,454, and
in July, 1885, was $177,012,492. In October, 1SS6, the specie amounted
to $150,387,090.
It is interesting to see how these changes appear when reduced to
percentages.
The capital, surplus, undivided profits, circulation, and deposits con-
stitute together the fund upon which a bank does its business.
Loans and discounts, United States bonds, specie, etc., are different
forms in which this fund is invested. Taking the fund at $1,208,731,908
in 1800, and at $2,240,587,843 in 1887, these investments represent the
following proportions of those amounts, viz:
Loans and. discounts
United States bonds
Spocio
Total
1866.
18S7.
Per ct.
Per ct.
41 32
70. 52
36. 36
0. OS
1. 57
7. 37
70.25
87. 87
Another striking fact is that in I860 the circulation was $213,239,-
530, and in 1887 it is only $107,283,343. At the former period, there-
fore, the circulation was nearly 45 per cent, of the capital, surplus, and
undivided profits, while now it is only about 20 per cent.
LOANS.
The following table gives a classification of the loans of the national
banks in each of the cities of New York, Chicago, and Saint Louis,
and in the three cities of Boston, Philadelphia, and Baltimore, in the
other reserve cities, and in the rest of the country, at nearly the same
dates in each of the last three years :
OCTOBER 1, 1885.
Classification.
No. of
banks.
On United
States
bonds on
demand.
On other
stocks, bonds,
etc., on de-
mand.
•
On single-
name paper
without other
security.
All other
loans.
Total.
Now York
44
$3, 286, 124
33, 400
388,019
1(10, 195
$80, 687, 265
10, 967, 875
1, 197, 000
33, 157, 319
$25,331,820
$127, 518, 389
24,761,567
$236. 823, 598
45, 989, 425
9, 182,417
218. 424, 271
Chicago
12
10,' 226,’ 583
123, 550
0
105
?! 473, 788
34, 806, 254
150, 270, 503
Other cities
HO
ifi.’jj 705
III' 256,' 157
X, 130,’ 100
74. 713, 604
96, 263, 596
Country
2,467
504, 134
3tj 03(lj 931
92j 873i 780
567,057, 152
694, 471, 997
Total
2, 714
4, 5C5, 007
173, 302, 607
171,492,087
051, 795, 003
1,801,155, 304
REPORT OF THE COMPTROLLER OF THE CURRENCY
95
OCTOBER 7, 1883.
Classification.
No. of
banks.
On United
States
bonds on
demand.
On other
stocks, bonds,
etc., on de-
mand.
On single-
uiuuo paper
without, other
security.
All other
loans.
Total.
New York
Chicago
Saint Louis
Throe cities
Other cities
Country
Total
45
15
5
111
80
2,590
$2,002,551
85, 900
202, 355
400, 198
503. 717
$91, G30, 791
10, 003, OoO
1,028,430
35, 741,045
10, 330, 793
41, 008, 812
$24, 040, 007
12, 593, 921
355, 373
37,315,993
12, 539, 705
110, 677, 534
$135, 447, 027
32, 058,515
8, 291, 908
156,261,282
80, 900, 904
020, 849, 753
$253, 732, 370
55, 401,342
9, 075, 771
229, 581, 275
116, 177,000
779, 099, 810
2,852
3, 314, 721
196, 415, 477
198, 128, 533
1, 045, 809, 509
1, 443, 608, 240
OCTOBER 5, 1887.
New York
47
$1, 445, 900
$95, 075, 844
$17, 585, 490
$143,900,941
$258, 014, 181
Chicago
18
500
10, 821, 735
15, 498, 980
34, 754, 972
01,070, 193
5
1, 182 214
279, 003
8, 920, 930
10, 382, 753
Three cities
114
50, 225
35, 081,531
30, 078' 453
16>; 340i 995
2331 5571 204
Other cities
109
122,910
19,551,230
18, 598, 209
1 15, 167, 352
153,439, 701
Country
2, 750
1,413,918
44, 335, 893
124, 035, 463
093, 790, 281
863, 575, 555
Total
3, 049
3, 033, 453
200, 048, 447
212, 070, 270
1,158,887,477
1, 580, 045, G47
Iu the table below is given a full classification of the loans in INew
York City alone for the last five years :
Loans and discounts.
October 2,
1883.
September
30, 1884.
October 1,
1885.
October 7,
1880.
October 5,
1887.
48 hanks.
44 hanks.
44 hanks.
45 hanks.
47 banks.
On indorsed paper
$121, 044, 201
19, 147, 051
2, 093, 527
94, 321, 005
184, 683
7, 717, 265
$110, 010, 002
82, 559, 443
2, 933, 785
09, 805, 215
163, 397
3, 881, 375
$114, 013, 775
25, 331,820
3, 280, 124
80, 687, 205
215, 385
13, 289, 229
$121, 381, 380
24, 040, 0i>8
2, 002, 550
91, 636, 791
211, 432
13, 854, 215
$115, 316, 625
17, 585, 490
1, 445, GOO
95, 075, 844
146, 885
28, 443, 431
On U. S. bonds on demand
On othorstooks, etc., on demand
On real-estate security
Total
245, 108, 332
205, 353, 277
236, 823, 598
253, 732, 376
258, 014, 181
96 REPORT OF THE COMPTROLLER OF THE CURRENCY.
The following- table exhibits, in the order of capital, the twenty-five
States (exclusive of reserve cities) having- the largest amount of na-
tional-bank capital, together with the amount of circulation, loans and
discounts, and individual deposits of the banks in each on October 5,
1887:
States, etc.
No. of
banks.
Capital.
Circula-
tion.
Loans and dis-
counts.
Individual
deposits.
Massachusetts
198
$44, 790, 500
$21, 459, 692
$91,561,545. 60
$53, 872, 217. 39
New Vork
269
34, 724, 260
17, 406, 488
98, 792, 326. 88
87, 269, 212. 02
Pennsylvania
287
33, 551, 140
13, 379, 865
80, 206, 911. ('8
72, 564, 898. 01
Connecticut
83
24, 505, 410
8, 698, 693
43, 001, 299. 86
24* 478, 005. 09
Ohio
192
22, 796, 020
9, 008, 926
50, 833, 330. 24
41, 268, 742. 33
Rhode Island
61
20, 340, 050
4, 042, 913
34, 480, 234. 78
13, 918, 046. 52
Illinois
160
14, 341, 500
4, 219, 305
35, 6G5, 100. 86
35, 161, 306. 04
Minnesota
58
13, 740, 000
1, 675, 725
37, 857, 045. 49
27, 037, 970. 02
New Jersey
81
13, 024, 220
0, 060, 523
40, 429, 717. 10
38, 644, 239. 13
Indiana
93
11, 894, 500
4, 217, 870
27, 785, 325. 99
25, 254, 102. 80
Michigan
100
10, 674, 600
2,673,585
29, 418, 596. 69
23, 315, 420. 44
Kansas
139
10, 530, 800
2, 295, 210
21, 001,450. 42
17, 741, 267. 53
Maine
72
10, 440, 700
4, 875, 561
19, 125, 655. 89
10, 116, 282. 26
Iowa
128
10, 150, 000
2, 713, 623
23, 728, 940. 64
19, 284, 697. 83
91
9, 919, 750
2, 107, 535
20, 157, 203. 67
13, 710, 426. 47
Kentucky
5!)
9, 758, 900
3, 055, 890
17, 464, 746. 62
10, 476, 083. 07
Vermont
49
7, 566, 000
3, 478, 100
12, 832, 309. 34
6, 627, 089. 06
Tennessee
40
7, 460, 000
1, 326, 895
18, 918, 301. 93
11, 759, 221. 25
New Hampshire
4!)
6, 205, 000
3, 588, 015 '
9, 651, 600. 49
6. 123, 423. 51
Nebraska
95
6, 006, 100
1, 345, 220
13, 619, 256. 37
9, 964, 472. 02
Wisconsin
53
4, 442, 00!)
1, 225, 623
13, 340, 531. 69
12, 970, 629. 95
California
30
4, 170, 000
939, 900
14, 295, 106. 47
19,545,186. 09
Virginia
25
3, 796, 300
1, 204, 380
10, 786, 627. 63
9, 786, 470. 26
Dakota
62
3, 720, 000
861, 925
0, 094, 084. 52
5, 8 48, 810. 67
Alabama
20
3, 485,100
782, 330
8, 366, 324. 95
5, 925,317. 72
RESERVE.
The act of February 25, 1863, contained the following provision:
Sec. 41. And be it further enacted, That every such association shall at all times
have on hand, in lawful money of the United States, an amount equal to at least
twenty-five per centum of the aggregate amount of its outstanding notes of circula-
tion and its deposits; and wheuever the amount of its outstanding notes of circula-
tion and its deposits shall exceed the above-named proportion for the space of twelve
days, or whenever such lawful money of the United States shall at any time fall
below the amount of twenty-five per centum of its circulation and deposits, such
association shall not increase its liabilities by making any new loan sor discounts
otherwise than by discounting or purchasing bills of exchange, payable at sight, nor
make any dividend of its profits, until the required proportion between the aggregate
amount of its outstanding notes of circulation and its deposits and lawful money of
the United States shall be restored: Provided, however, That clearing-house certifi-
cates, representing specie or lawful money specially deposited for the purpose of any
clearing-house association, shall be deemed to be lawful mouey iu the possession of
any association belonging to such clearing-house holding and owning such certifi-
cates, and considered to be a part of the lawful money which such association is re-
quired to have, under the foregoing provisions of this section : Provided, further, That
any balance due to any association organized under this act in other places from any
association in the cities of Boston, Providence, New York, Philadelphia, Baltimore, Cin-
cinnati, Chicago, Saint Louis, or New Orleans, in good credit, subject to be drawn forat
sight, and available to redeem their circulating notes and deposits, may be deemed to
bo a part of the lawful money which such association iu other places than tho cities of
Boston, Providence, New York, Philadelphia, Baltimore, Cincinnati, Chicago, Saint
Louis, and New Orleans are required to have by the foregoing provisions of this sec-
lion, to 1 he extent of three-fifths of the said amount of twenty-five per cent urn required.
And it shall be competent for the Comptroller of the Currency to notify any such asso-
ciation whose lawful money reserve, as aforesaid, shall fall below said proportion of
twenty-live per centum, to make good such reserve ; and if such association shall fail
for thirty days thereafter so to make good its reserve of lawful money of the United
States, the Comptroller may, with tho concurrence of the Secretary of the Treasury,
appoint a receiver to wind up t he business of such association, as provided m this act.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 97
The corresponding clauses of the act of Jnue 3, 18G4, are as follows:
Sec. 31. That every association in the cities hereinafter named shall, at all times,
have on hand, in lawful money of the United States, an amount equal to at least
twenty-five per centum of the aggregate amount of its notes in circulation and its
deposits; and every other association shall, at all times, have on hand, in lawful
money of t he United States, an amount equal to at least fifteen per centum of the ag-
gregate amount of its notes in circulation, and of its deposits. And whenever the
lawful money of any association iu any of tho cities hereinafter named shall be be-
low the amount of twenty-five per centum of its circulation and deposits, and when-
. ever the lawful money of any other association shall be below fifteen per centum of
its circulation and deposits, such association shall not increase its liabilities by mak-
ing any now loans or discounts otherwise than by discounting or purchasing bills of
exchange payable at sight, nor make any dividend of its profits until the required
proportion between the aggregate amount of its outstanding notes of circulation and
deposits and its lawful mouey of the United States shall bo restored : Provided, That
three-fifths of said fifteen per centum may consist of balances due to an association
available for the redemption Of its circulating notes from associations approved by
the comptroller of the currency, organized under this act, in the cities of Saint Louis,
Louisville, '‘Chicago, Detroit, Milwaukee, New Orleans, Cincinnati, Cleveland, Pitts-
burg, Baltimore, Philadelphia, Boston, New York, Albany, Leavenworth, San Fran-
cisco, and Washington City : Provided, also, That clearing-house certificates, repre-
senting specie or lawful money specially deposited for the purpose of any clearing-
house association, shall be deemed to be lawful money in tho possession of any asso-
ciation belougmg to such clearing-house holding and owning such certificate, and
shall be considered to be a part of the lawful money which such association is re-
quired to have under the foregoing provisions of this section : Provided, That the cities
of Charleston and Richmond may be added to the list of cities in the national associa-
tions of which other associations may keep three-fifths of their lawful money, when-
ever, iu the opinion of the comptroller of the currency, the condition of the southern
states will warrant it. And it shall be competent for the comptroller of the currency
to notify any associations, whose lawful money reserve, as aforesaid, shall be below
tho amount to be kept on hand, as aforesaid, to make good such reserve; and if such
association shall fail for thirty days thereafter so to make good its reserve of lawful
money of the United States, the Comptroller may, with the concurrence of the Sec-
retary of the Treasury, appoint a receiver to wind up the business of such associa-
tion, as provided in this act.
Sec. 32. That each association organized in any of the cities named in tho foregoing
section shall select, subject to the approval of the comptroller of the currency, an
association in the city of New York at which it will redeem its circulating notes at
par. And each of such associations may keep one-half of its lawful money reserve in
cash deposits in the city of New York. And each association not organized within the
citiesnamed in the preceding section shall select, subject to the approval of the comp-
troller of the currency, an association iu either of the cities named in the preceding
section, at which it will redeem its circulating notes at par, and the comptroller shall
give public notice of the names of the associations so selected at which redemptions
are to be made by the respective associations, and of any change that may be made
of the association at which the notes of any association are redeemed. If any asso-
ciation shall fail either to make the selection or to redeem its notes as aforesaid, tho
comptroller of the currency may, upon receiving satisfactory evidence thereof, ap-
point a receiver in the manner provided for in this aetto wind up its affairs : Provided,
That nothing in this section shall relieve any association from its liability to redeem
its circulating notes at its own counter at par, in lawful money on demand; And pro-
vided, further, That every association formed or existing under the provisions of this
act shall take and receive at par, for any debt or liability to said association, any and
all notes or bills issued by any association existing under and by virtue of this act.
Sections 5191, 5192, and 5195 of the Revised Statutes preserved sub-
stantially the provisions of the act of 1S64.
The act of Jane 20, 1874, evidently drafted before the adoption of
the Revised Statutes, although not approved until afterward, made the
following amendment of the act of June 3, 18G4, which it enacts shall
be hereafter known as the “National Bank Act”:
Sec. 2. That section thirty-one of the “National Bank Act” bo so amended that
tho several associations therein provided for shall not herafter be required to keep on
hand any amount of money whatever by reason of the amount of their respective cir-
culations; but the moneys required by said section to be kept at all times on hand
shall be determined by tho amount of deposits in all respects as provided for in fh^
said section.
8770 cur 87 7
98 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Sec. 3. That every association organized, or to be organized, under the provisions
of the said act, and of the several acts amendatory thereof, shall at all times keep
and have on deposit in the Treasury of the United States, in lawful money of the
United States, a sum equal to five per centum of its circulation, to he held and used
for the redemption of such circulation ; which sum shall be counted as a part of its
lawful reserve, as provided in section two of this act ; and when the circulating notes
of any such associations, assorted or unassorted, shall be presented for redemption,
in sums of one thousand dollars or any multiple thereof, to the Treasurer of the United
States, the same shall be redeemed in United States notes. All notes so redeemed
shall he charged by the Treasurer of the United States to the respective associations
issuing the same, and he shall notify them severally, on the first day of each month,
or oftener, at his discretion, of the amount of such redemptions ; and whenever such
redemptions for any association shall amount to the sum of five hundred dollars, such
association so notified shall forthwith deposit with the Treasurer of the United States
a sum in United States notes equal to the amount of its circulating notes so redeemed.
And all notes of national hanks, worn, defaced, mutilated, or otherwise unfit for cir-
culation, shall, when received by any assistant treasurer, or at any designated depos-
itory of the United States, be forwarded to the Treasurer of the United States for
redemption as provided herein. And when such redemptions have been so reim-
bursed, the circulating notes so redeemed shall be forwarded to the respective asso-
ciations by which they were issued ; but if any of such notes are worn, mutilated,
defaced, or rendered otherwise unfit for use, they shall be forwarded to the Comp-
troller of the Currency and destroyed, and replaced as now provided by law : Pro-
vided, That each of said associations shall reimburse to the Treasury the charges for
transportation, and the costs for assorting such notes ; and the associations hereafter
organized shall also severally reimburse to the Treasury the cost of engraving such
plates as shall be ordered by each association respectively; and the amount assessed
upon each association shall be in proportion to the circulation redeemed, and be
charged to the fund on deposit with the Treasurer: And provided further, That so
much of section thirty-two of said national-bank act requiring or permitting the
redemption of its circulating notes elsewhere than at its own counter, except as pro-
vided for in this section, is hereby repealed.
It will be observed that a strict construction of the act of June 3,
1864, and of subsequent legislation, would exclude any association or-
ganized under the act of February 25, 1863, from acting as a reserve
agent. This was probably not intended, but it should be corrected in
justice to the older associations.
The act of March 3, 1887, is as follows :
That whenever, three-fourths in number of the national banks located in any city of
the United States having a population of fifty thousand people shall make applica-
tion to the Comptroller of the Currency, in writing, askiug that the name of the city
in which such banks are located shall be added to the cities named in sections fifty-
one hundred and ninety-one and fifty-one hundred and ninety-two of the Revised
Statutes, the Comptroller shall have authority to grant such request, and every bank
located in such city shall at all times thereafter have on hand, in lawful money of the
United States, an amount equal to at least twenty-five per centum of its deposits, as
provided in sections fifty-one hundred and ninety-one and fifty-one hundred and
ninety-five of the Revised Statutes.
Sec. 2. That whenever three-fourths in number of the national banks located in
any city of the United States having a population of two hundred thousand people
shall make application to the Comptroller of the Currency, in writing, asking that
such city may be a central reserve city, like the city of New York, in which one-half
of the lawful-money reserve of the national banks located in other reserve cities may
be deposited, as provided in section fifty-one hundred and ninetv-five of the Revised
Statutes, the Comptroller shall have authority, with the approval of the Secretary of
the Treasury, to grant such request, and every bank located in such city shall at all
times thereafter have on hand, in lawful money of the United States, twenty-five
per centum of its deposits, as provided in section fifty-one hundred and ninety-one of
the Revised Statutes.
Sec. 3. That section three of the act of January 14, 1875, entitled “An act to provide
for the resumption of specio payments,” be, and tbo same is, hereby amended by
adding after the words “New York” the words “and the city of San Francisco, Cal-
ifornia.”
A review and comparison of the course of legislation as to “reserve”
shows that originally all associations, wherever located, were required
to keep, cither in cash or subject to sight draft, funds in hand equal to
REPORT OF THE COMPTROLLER OF THE CURRENCY. 99
at least 23 per cent, of all obligations payable on demand. Subse-
quently a distinction was made between associations in certain named
cities and those located elsewhere, and the latter were required to keep
only 15 per cent, reserve upon the aggregate of deposits and circula-
tion. The amount that might be kept with redemption agents was lim-
ited to three-fifths of 15 per cent, for associations generally, and to one-
half of 25 per cent, for those in reserve cities, and in the latter case
New York was the only place in which the banks in other redemption
cities might have redemption agents.
At a later period the fund to be kept for tlie redemption of circula-
tion was separated from the remaining reserve to be held against de-
posits; it was fixed at 5 per cent, of the outstanding circulation, and
was required to be kept ou deposit with the Treasurer of the United
States. Besides being specifically devoted to the redemption of circu-
lation, this fund is also authorized to be counted as part of the reserve
against deposits.
Simultaneously with this provision as to the amount and location of
the redemption fund the banks were relieved of the obligation to keep
a reserve on circulation, but were required to keep in reserve funds to
the amounts x'epresented by 15 per cent, and 25 per cent, respectively
upon their deposits.
The new regulation as to redemption of circulation dispensed with
redemption agents, but the act of June 20, 1874, re-enacted the provis-
ion as to the proportion of reserve that might consist of balances due
from approved associations in the cities formerly named as cities of re-
demption. These cities thus came to be called “reserve cities,’7 and
during the present year the term has been incorporated formally into
the law, and provision has been made for central reserve cities as well,
and also for an increase in the number of both reserve cities and cen-
tral reserve cities.
Tables will be found in the Appendix, pages 000 to 000, showing by
States, Territories, central reserve cities, and reserve cities the state of
the reserve of the national banks therein at each report of coudition
during the years 1882 to 1887, both inclusive. These tables are worthy
of careful examination, because they show that banks generally keep
reserves iu excess of the statutory requirement, and that banks remote
from money centers keep not only nearly double the amount required,
but that they habitually have in cash more than the 15 per cent, total
requirement.
As some banks included in these tables are known to be often short
of reserve, it is manifest that the majority must be habitually stronger
than the averages here shown, and from this fact it may be inferred that
the requirement of the law is in no degree excessive, and that banks
that do not conform to it are not prudently managed.
These tables should be especially instructive to the managers of
banks, encouraging and confirming as they do the wisdom of those who
keep always strong, and rebuking and warning as they also do those
who, too eager for gain; allow their reserves to fall below the line of
prudence and of safety.
The including of the 5 per cent, redemption fund on deposit with the
Treasurer at Washington in the reserve against deposits seems to be
either a misconstruction of the act of June 20, 1874, or an anomaly in
that act.
The language seems to admit of a strained construction opposite to
that placed upon it, but if the most obvious construction is the correct
one, then the provision should be repealed.
100 REPORT OF THE COMPTROLLER OF THE CURRENCY.
The money held by the Treasurer is never available for paying de-
positors, and it bears no constant ratio to the amount of deposits.
Several banks have so large a circulation and have such small de-
posits that the 5 per cent, redemption fund with the Treasurer fulfills
the entire requirement as to reserve against deposits, and while these
are extreme cases they serve to show the practical result of this provis-
ion of the law.
On the other hand, there is an anomaly in the assumption which ap-
pears to have been made heretofore that national-bank notes on hand
should not be counted in the reserve.
They are specifically made receivable by all national banking associ-
ations, and for all dims to the Government (except customs duties), and
they are certainly current all over the country.
It is in the line of public policy to maintain the monetary function of
’these circulating notes upon the general plane on which the law places
all the rest of the currency.
For these reasons these notes should obviously be no longer discrimi-
nated against by being excluded from a function to which all the other
constituents of the currency are now admitted on equal terms.
On October 5, 1887, the total 5 per cent, fund amounted to $8,310,442
while the national bank currency held by all banks amounted to
$21,937,884.
It would, therefore, be a relief to banks generally to be allowed to
count in their reserve the latter instead of the former amount.
The subjoined table brings forward to the latest date the usual sum-
mary of information as to the course of deposits and reserves since the
act of Juue 20, 1874, went into effect. It shows the amount of deposits
and the state of the reserve at about October 1 of each year, in each
central reserve city, in all the reserve cities, and in the States and Ter-
ritories, together with a general summary embracing all banks.
NEAY YORK CITY.
Dates.
No. of
banks.
Net de-
posits.
Reserve
required
(25 per
cent.*).
Reserve held.
Classification of reserve.
Amount.
Ratio to
deposits.
Specie.
Other law-
ful money.
Due from
agents.
Redemp-
tion fund.
Millions.
Millions.
Millions.
Per cent,.
Millions.
Millions.
Millions.
Millions.
Oct. 2, 1874
48
201. 6
51. 2
68.3
33.4
14.4
52.4
1.5
Oct. 1, 1 875
48
202.3
50.7
60.5
29.9
5.0
51.4
1.1
Oct. 2, 1870
47
197. 9
49.5
00.7
30.7
14.6
45.3
0.8
Oct. 1,1877
47
171.9
43.7
48.1
27.5
13. 0
31.3
0.8
Oct. 1, 1878
47
189.8
47.4
50.9
20.8
13. 3
30.5
1. 1
Oct. 2,1879
47
210.2
52.0
53.1
25.3
19. 4
32.6
1.1
Oct. 1,1880
47
208. 1
67.0
70. 0
26.4
58.7
11.0
0.9
Oct. 1, 188 L
48
208.8
07. 2
62. 5
23.3
50.6
10.9
1.0
Oct. 3, 1882
50
251.0
63. 5
61.4
25. 4
44. 5
18.9
1.0
Oct. 2,1883
48
206. 9
66.7
70.8
20.5
50.3
19.7
0.9
Sept. 30, 1884
44
255. 0
63.7
90.8
35.6
63. 1
27.0
0.7
Oct. 1,1885
41
312. 9
78.2
115.7
37.0
91.5
23.7
0.5
Oct. 7, 1886
45
282.8
70.7
77.0
27.2
61.1
12.5
0.4
Oct. 5, 1887
47
281.3
71.1
80.1
28.2
63.0
16.1
0.4
Average for
14 years . . .
47
240. 9
60.2
89. 5
28.8
40.4
28.2
0.9
CHICAGO.
Oct. 0, 1887
18
04.6
16.2
19.7
30.5
12.9
6.7
.05
SAINT LOUIS.
Oct. 5, 1887
5
10.3
2.0
2.7
20.4
1.3
1.3
.03
* All iu cash.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 101
RESERVE CITIES.* {
Dates.
No. of
hanks.
Net de-
posits.
Reserve
required
(25 per
cent. ).
Reserve held.
Classification of reserve.
Amount.
Ratio to
deposits.
Specie.
Other law-
ful money.
Due from
agents.
Redemp-
tion fund.
Millions.
Millions.
Millions.
Per cent.
Millions.
Millions.
Millions.
Millions.
Oct.
2, 1874
182
221.4
55.3
76.0
34.3
4.5
36.7
31.1
3.7
Oct.
1, 1875
188
223.9
56.0
74.5
33.3
1.5
37. 1
32.3
3.0
Oct.
2, 1870
180
217.0
54. '2
76.1
35.1
4.0
37.1
32.0
3.0
Oct.
1, 1877
188
204.1
51.0
67.3
33.0
5.6
34. 3
24.4
3.0
Oct.
1, 1S78
184
199. 9
50.0
71.1
35.6
9.4
29.4
29.1
3.2
Oct.
2, 1879
181
288.8
57.2
83.5
36.5
11.3
33.0
35.7
3.5
Oct.
1, 1880
184
289.4
72.4
105.2
36.2
28.3
25.0
48.2
3.7
Oct.
1, 1881
189
335.4
83.9
100.8
30.0
34.6
21.9
40.6
3.7
Oct.
3, 1882
193
318. 8
79.7
80.1
28.0
28.3
24.1
33.2
3.5
Oct.
2, 1883
200
323.9
81.0
100.6
31.1
26.3
30.1
40.8
3.4
Sept. 30, 1884
203
307.9
77.0
99.0
32.2
30.3
33.3
32.3
3.1
Oct.
1, 1885
203
364.5
91.1
122. 3
33.5
42.0
34.9
42.4
2.9
Oct.
7, 1886
217
381.5
95.4
111.0
29.9
44.5
26.0
41.3
2.2
Oct.
0, 1887
223
338.5
84.6
100.7
29.7
36.3
23.2
40.0
1.2
STATES AND TERRITORIES.!
Oct.
2, 1874
1, 774
293.4
44.0
100.6
34.3
2.4
33.7
52.7
11.9
Oct.
1, 1875
1,851
307. 9
46.3
100.1
32.5
1.6
33.7
53.3
11.6
Oct.
2, 1876
1, 853
291.7
43.8
99.9
34.3
2.7
31.0
55.4
10.8
Oct.
1, 1877
1,815
290.1
43.6
95. 4
32.9
4.2
31.6
48.9
10.7
Oct.
1,1878
1, 822
289.1
43.4
106.1
36.7
8.0
31.1
56.0
11.0
Oct.
2, 1879
1, 820
329.9
49.5
124. 3
37.7
11.5
30.3
71.3
11.2
Oct.
1, 1880
1,850
410.5
61.6
147.2
35.8
21.2
28.3
86.4
11.3
Oct.
1, 1881
1,895
507. 2
76.1
158.3
31.2
27.5
27.1
92.4
11.4
Oct.
3, 1882
2, 020
545.8
81.9
150.4
27.5
30.0
30.0
80. 1
11.3
Oct.
2, 1883
2, 253
577.9
86.7
157.5
27.2
31.2
30,8
84.1
11.3
Sept.
30, 1884
2,417
535.8
80.4
156.3
29.2
35.2
30.9
79.7
10.5
Oct.
1, 1885
2, 407
570. 8
85. 6
177.5
31.1
41.5
29.9
95.9
10.2
Oct.
7, 1886
2, 590
637.6
95. 6
186.2
29.2
47.8
30. 1
99. 5
8.7
Oct.
5, 1887
2, 756
690.6
103.6
190. 9
27.6
50.8
32.6
100.9
6.6
SUMMARY.
Oct
2, 1874
2, 004
719.5
150. 1
244.9
34.0
21.3
122.8
83.8
17.1
Oct
1, 1875
2, 087
734.1
152.2
235.1
32.0
8.1
125.2
85.6
16.3
Oct
2, 1876
2, 089
706.6
147.5
236.7
33.5
, 21.3
113.4
87.4
14.6
Oct.
1, 1877
2, 0S0
669.1
138. 3
210.8
31.5
22.8
160. 2
73.3
14.5
Oct
1, lf#8
2, 053
678.8
140.8
228.1
33.6
30.7
97.0
85.1
15.3
Oct.
2, 1879
2,018
768.9
159.3
260.9
33.9
42.2
95.9
107.0
15.8
Oct
1, 1880
2, ono
908. 0
201.0
323.0
33.4
108.2
64.3
134.6
15.9
Oct.
1, 1881
2, 132
1, 111.0
227.2
321.6
28.9
112.7
59.9
133.0
10.1
Oct
3, 1882
2, 2C9
1, 118.6
225.1
303.9
27.2
102.8
72.0
113.3
15.8
Oct
2, 1883
2, 501
1,166.7
234.4
328.9
28.1
107.8
80.6
124.9
15.6
Sept.
30, 1884
2,664
1, 098. 7
221.1
346.1
31.6
128. 6
91.2
112.0
14.3
Oct.
1, 1885
2,714
1, 248. 2
254.9
415. 4
33.3
175.0
88. 5
138.3
13.6
Oct.
7, 1886
2. 852
1, 301.8
261.7
377.2
29.0
156.4
68.7
140.8
11.4
Oct
5, 1887
3, 049
1,388.4
278.0
394.2
28.4
165.1
79.9
140.9
8.3
‘Reserve 25 per cent., one-half in cash,
t Reserve 15 per cent., two-fifths in cash in bank.
* Includes Chicago and Saint Louis up to October 5, 1887.
102 REPORT OF THE COMPTROLLER OF THE CURRENCY.
TRANSACTIONS OF THE NEW YORK CLEARING-HOUSE.
The New York Clearing-House Association is composed of 65 mem-
bers, of which 45 are national banks, 19 are State banks, and the other
member is the assistant treasurer of the United States at New York.
Two national banks and 15 State banks in the city do not belong to the
association, but clear through associate members. Mr. W. A. Camp,
the manager of the association, has kindly supplied the data for the
following tables, showing the transactions during the year ending Octo-
ber 1, 1887 :
Comparative Statement for Two Years of the Transactions of the New
York Clearing-House, showing Aggregate Amount of Clearings, Aggre-
gate Balances, and the Kinds and Amounts of Money Passing in Settle
MENT OF THESE BALANCES.
Year ending—
Aggregate clear-
ings.
Aggregate bal-
ances.
October 1, 1886
$33, 374, 682, 216
31, 872, 848, 785
$1, 519, 565, 385
1, 569, 626, 324
October 1, 1887
1, 498, 166, 569
50, 060, 939
KINDS OF MONEY AND AMOUNT OF EACH KIND.
Year ending —
U. S. gold
certificates.
Bank of
America
gold
certificates.*
Clearing-
house
loan cer-
tificates.
Treasury
certificates
for legal
tenders, sec.
5193, U. S. Re-
vised Stat-
utes.
Legal tenders
and minor
coin.
Percentages.
Gold cer-
tificates.
Legal
tenders.
October 1, 1886.
$645, 643, 000
$177, 673, 000
$140,000
$285, 795, 000
$410, 314, 385
54. 181+
45. 809+
October 1, 1887.
812,231,000
748, 409, 000
None.
1, 410, 000
7, 576, 325
99+
1-
166, 588, 000
570, 730, 000
140, 000
284, 385, 00C
402, 738, 060
* When tbo Government ceased issuing gold certificates, Docembor 1, 1878, the New York banks
agreed to have a common depository for their gold coin, and in that way retain the use of certificates
at the clearing-house. This has been found convenient and eaves the expense and cost of moving
large amounts in specie. The Bank of America performs this function. "
9
REPORT OF THE COMPTROLLER OF THE CURRENCY. 103
Following is a comparative statement of transactions of the New York
Clearing-House for thirty-four years, showing for each year the num-
ber of banks, aggregate capital, cleariugs, aud balances, average of the
daily clearings and balances, and the percentage of balances aud clear-
ings :
Years.
No. of
banks.
Capital.*
Clearings.
Balances paid
in money.
Average
daily
clearings.
Average
daily bal-
ances paid
in money.
Ratios.
Per ct.
1854
50
$47, 044, 900
$5, 750, 455, 987
$297,411,494
$19,104, 505
$988, 078
5.2
1855
48
48, 884, 180
5, 362, 912, 098
289, 694. 137
17, 412, 052
940, 565
5.4
1S56
50
52, 883, 700
6, 900, 213, 328
334, 714, 489
22, 278, 108
1,079, 724
4.8
1857
50
64, 420, 200
8, 333, 220, 718
365,313, 902
26, 968, 371
1, 182, 246
4.4
1858
46
67, 146, 018
4, 756, 664, 386
314, 238, 911
15, 393, 736
1, 016, 954
6.6
1859
47
67. 921,714
5, 448, 005, 956
363, 984, 683
20, 867, 333
1, 177, 944
5.0
1800
50
69. 907, 435
7, 231, 143, 057
380, 093, 438
23, 401, 757
1,232,018
5. 3
1801
50
68, 900| 005
5, 915, 742, 758
353; 383; 944
19; 269; 520
i;i5i;os8
6.0
1802
50
68, 375, 820
6,871. 443, 591
4 15, .530, 331.
22, 237, 6S2
1, 344, 758
6.0
1803
50
68, 972, 508
14, 807, 597, 849
677, 620, 483
48, 428, 657
2, 207, 252
4.6
1864
49
68, 586, 763
24, 097, 190, 656
885, 719, 205
77, 984, 455
2, 8GG, 405
3. 7
1865
55
so; 363; 013
26; 032; 384,’ 342
1, 035, 765, 108
84, 790, 040
3, 373, 828
4.0
1806
58
82, 370, 200
28,717, 146,914
1,006, 135, 106
93, 541, 195
3, 472, 753
3.7
1807
58
81, 770, 200
28, 675, 159, 472
I,- 144, 903, 451
93, 101, 167
3, 717, 414
4.0
1808
59
82, 270, 200
28, 484, 2,-8, 637
1, 125, 455, 237
92, 182, 164
3, 642, 250
4.0
1869
59
82, 720, 200
37, 407, 028, 987
1, 120, 318, 308
121,451,393
3, 637, 397
3.0
1870
61
83, 620, 200
27, 804,539,406
1, 036, 484, 822
90, 274, 479
3, 365, 210
3.7
1871
62
84, 420, 200
29, 300, 9S6, 682
1,209, 721, 029
95, 133, 074
3, 927, 666
4. 1
1872
01
84, 420, 200
33, 844, 309, 568
1, 428, 582, 707
109, 884, 317
4, 636, 632
4.2
1873
59
83, 370, 200
35, 461, 052, 826
1, 474, 508, 025
115, 885, 794
4, 818, 654
4. 1
1874
59
81, 635, 200
22, 855, 927, 636
1, 280, 753, 176
74, 692, 574
4, 205, 076
5.7
1875
59
80,435, 200
25, 061, 237, 902
1, 408, 608, 777
81,899,470
4, 603, 297
5.6
1876
59
81, 731,200
21, 597, 274, 247
1, 295, 042, 029
70, 349, 428
4, 218, 378
5.9
1877
58
71, 085, 200
23, 289, 243, 701
1, 373, 996, 302
76, 358, 176
4, 504, 906
5.9
1878 .......
57
63,611,500
22, 508, 438, 442
1, 307, 843, 857
73, 555, 988
4, 274, 000
5.8
1879
59
60, 800, 200
25, 178, 770, 691
1,400, 111, 0G3
82, 015, 540
4, 560, 622
5.6
1880
57
60, 475, 200
37, 182, 128, 621
1,516,538, 631
121, 510, 224
4, 956, 009
4.1
1881
60
61,102, 700
48,505,818,212
1, 776,018, 162
159, 232, 191
5,823,010
3.5
1882
61
60, 962, 700
40, 552, 846, 101
1, 595, 000, 245
151,637, 935
5, 195, 440
3.4
1883
63
61,162, 700
40, 293, 165, 258
1,568, 983, 196
132, 543, 307
5, 101, 129
3.9
18S4
'61
60,412, 700
34, 092, 037, 338
1, 524, 930, 994
111,048, 982
4, 967, 202
4.5
1885
64
58, 612, 700
25, 250, 791, 440
1, 295, 355, 252
82, 789, 480
4, 247, 069
5.1
1886
63
59,312,700
33, 374,682,216
1,519, 565, 385
109, 067, 589
4, 965, 900
4.5
1887
64
60, 862, 700
34, 872, 848, 786
1, 569, 626, 325
114, 337, 209
5, 146, 316
4.5
t69, 430, 325
£812, 942, 759, 870
i
$35, 758, 618, 204
t77, 959, 820
t3, 429, 623
4.4
* The capital is for various dates, the amounts at a uniform date in each year not being obtainable,
t Yearly averages for thirty-four years. $ Totals for thirty-four years.
The clearing-house transactions of the assistant treasurer of the
United States at New York for the year ending October 1, 1887, were
as follows :
Exchanges received from clearing-house $359,788, 103. 42
Exchanges delivered to clearing-house Ill, 471, 810. 74
Balances paid to clearing-house 248,497,702.25
Balances received from clearing-house 181, 409. 57
Showing that the amount paid by the assistant treasurer to the clear-
ing-house was in excess of the amount received hy him 248, 316, 292. 68
The debit balances were paid to the clearing-house as follows :
United States gold certificates $248, 343, 000. 00
Legal tenders and change 154, 702. 25
248, 497, 702. 25
104 REPORT OF THE COMPTROLLER OF THE CURRENCY
Comparative Statement of the Exchanges of the Clearing-Houses of the
United States for October, ldS7, and October, 1866.
Clearing-house at —
Exchanges for
month of
October, 1887.
Exchanges for
month of
October, 1886,
Comparisons.
Increase.
Decrease.
New York
Boston
Philadelphia..
Chicago
Saint Louis ...
Baltimore
San Francisco
Pittsburgh ...
New Orleans..
Cincinnati
Providence ...
Louisville
Milwaukee ...
Detroit
Cleveland
Indianapolis . .
Kansas City ..
Hartford
New Haven...
Columbus
Memphis
Peoria
Worcester
Sprinelield ...
Lowell
Syracuse
Portland
Omaha
Saint Joseph .
Denver
Galveston
Saint Paul
Minneapolis ..
Los A ngeles. .
Grand Rapids.
Wichita
Norfolk
Total . . .
$2, 978, 940, 406
387, 775, 488
272, 500, 752
267, 556, 120
74, 855, 031
56, 795, 652
74, 405, 637
46, 775, 066
42, 603, 842
47, 782, 200
23, 837, 500
23, 210, 780
20, 123, 277
18, 374, 879
14, 340, 059
8, 777, 900
29, 792, 991
7, 630,018
5, 360, 758
10,616, 739
10, 725, 296
5,429,418
4,722,433
5, 653, 280
3,101,806
3, 193, 442
4, 607, 692
12, 759, 306
6, 659, 426
10, 812, 463
8, 865, 282
18, 376, 835
22, 805, 030
5, 100, 514
2, 725, 818
2, 844, 645
5, 817, 933
$3, 248, 318, 061
380, 669, 570
271, 572, 441
253,518,821
69, 822, 165
53, 856, 829
56,175,257
37,612,868
31,683, 200
45, 384, 750
22, 663, 600
19, 093, 914
20, 183, 280
14, 926, 506
12, 527,278
6, 222, 279
25, 993, 960
7, 195, 784
5, 175, 379
8, 462, 124
7, 666, 552
4, 220, 702
4, 528,702
3, 669,715
2, 732, 069
2, 735, 744
4, 694,186
9, 316, 954
4, 447, 511
8, 351, 817
7, 852, 246
16, 732, 700
19, 175, 451
New.
2, 006, 301
1, 826, 202
4, 465, 766
$7, 105, 918
928,311
14, 037, 299
5, 032, 866
2, 938, 823
18, 230, 380
9,162,198
10, 920, 642
2,397,450
1, 173, 900
4, 116, 866
3, 448, 373
1,812,781
2, 555, 621
3, 799, 031
434, 234
185, 379
2, 154, 615
3, 058. 744
1,208,716
193, 671
1, 983, 565
429, 737
463, 698
3, 442, 352
2,211,915
2,460, 040
1,013, 030
1,644, 135
3, 629, 579
5,160, 514
719, 517
1,018,443
1,352, 107.
$209, 377, 055
60, 003
80, 494
4, 546, 381, 714
4, 695, 480, 744
4, 546, 381, 714
120, 425, 122
269, 524, 152
120, 425, 122
149, 099, 030
149, 099, 030
Decrease
REPORT OF THE COMPTROLLER OF THE CURRENCY. 105
Comparative Statement of tiie Exchanges of the Clearing-Houses of the
United States for weeks ending October 29, 1887, and October 30, 1886.
Clearing-house at —
Exchanges
for week end-
ing October
29, 1887.
Exchanges
for week end-
ing October
30, 1S8G.
Comparisons.
Increase.
Decrease.
New York
Boston
Philadelphia..
Chicago
Saint Louis ...
Baltimore
San Francisco
Pittsburgh ...
New Orleans .
Cincinnati
Providence ...
Louisville
Milwaukee ...
Detroit
Cleveland
Indianapolis ..
Kansas City . .
Hartford
New Haven...
Columbus
Memphis
Peoria
Worcester
Springfield ...
Lowell
Syracuse
Portland
Omaha
Saint Joseph .
Denver
Galveston
Saint Paul
Minneapolis . .
Los Angeles..
$647, 590, 729
83, 700, 976
58, 729, 071
58, 407, H00
16, 057, 751
12, 618, 840
17, 495, 345
11, 708, 842
9, 863, 406
9, 799, 950
6, 957, 900
4, 800, 855
4, 702, 794
4, 079, 159
3, 263, 297
2, 130, 383
7, 407, 620
1, 482, 341
1, 101, 904
2, 285, 210
2, 532,120
1, 177, 411
969, 381
1, 007, 778
650, 419
625, 190
1, 039, 033
2, 812, 343
1, 702, 006
2, 800, 391
2, 193, 758
4, 108,446
4, 806, 272
1, 133, 462
$625, 098, 064
77, 443, 134
55, 262, 510
49, 463, 000
13, 428, 029
11, 554, 889
14, 931, 044
8, 543, 709
7, 861, 710
9, 682, 250
5, 482, 100
3. 980, 646
4, 741, 945
2, 964, 573
2, 980, 490
1, 364, 108
5, 564, 678
1, 529, 645
1, 088, 433
1, 881, 425
2,039,997
927, 149
917,916
819, 206
504, 913
544, 611
1, 087, 952
2, 037, 837
799, 574
1, 571, 233
1, 625, 986
3, 410, 5«0
3, 677. 381
New.
$22, 492, 665
6, 257, 842
3, 466, 561
8, 944, 000
2, 629, 722
1, 063, 951
2, 564, 301
3, 165, 133
2, 001, 696
117, 700
475, 800
820, 209
1, 114, 586
282, 807
766, 275
1, 842, 942
13, 471
423, 785
492, 123
250, 262
51, 465
188, 572
145,506
80, 579
774, 506
902, 432
1, 229, 158
567, 772
697, 866
1, 128, 891
1, 133, 462
$39, 151
47, 304
48, 919
Total
990, 741, 383
924, 790, 717
924, 790, 717
66, 086, 040
135, 374
135, 374
65, 950, 666
65, 950, 666
Increase
10G REPORT OF THE COMPTROLLER OF THE CURRENCY
The following table, compiled from returns made to the Clearing-
House by the national banks in New York City, exhibits the movement
of their reserve, weekly, during October, for the last eleven years:
Week ending—
Specie.
Legal tend-
ers.
Total.
Ratio of re
Circula-
tion and
deposits.
serve to —
Deposits.
Per cent
Per cent.
October 6, 1877
$14, 665, 600
$36, 168, 300
$50, 833, 900
27.0
29.5
October 13, 1877
14, 726, 500
35, 178, 900
49, 905, 400
26.7
29.2
October 20, 1877
14, 087, 400
35, 101, 700
49, 189, 100
26.5
29.0
October 27, 1877
15, 209. 000
34, 367, 800
49, 576, 800
26.8
29.4
October 5, 1878
14, 995, 800
38, 304, 900
53, 300, 700
25.7
28.4
October 12, 1878
12, 184, 600
37, 685, 100
49, 869, 700
24.4
27.0
October 19, 1878
13, 531, 400
36, 576, 000
50, 107,400
24.7
27.3
October 26, 1878
17, 384; 200
35, 690, 500
53, 074, 700
25.8
28.5
October 4, 1879
18, 979, 600
34, 368, 000
53, 347, 600
23.3
25.8
October 11, 1879
20, 901, 800
32, 820, 300
53, 722, 100
23.4
25.9
October 18, 1879
24, 686, 500
29, 305, 200
53, 991,700
23.5
26.1
October 25, 1879
25, 636, 000
26, 713, 900
52, 349, 900
23.0
25.5
October 2, 1880
59, 823, 700
11, 129, 100
70, 952, 800
25. 4
26.4
October 9, 1880
62, 521, 300
10, 785, 000
73, 306, 300
25.4
27.2
October 16, 1880
62, 760, 600
10, 939, 200
73, 699, 800
25.5
27.1
October 23, 1880
60. 888, 200
10, 988, 200
71, 876, 400
24.8
26.6
October 30, 1880
61, 471, 600
10, 925, 000
72, 396, 600
25.0
26.7
October 1,1881
54, 954, 600
12, 150, 400
67, 105, 000
23.1
24.8
October 8, 1881
53, 287, 900
12, 153, 800
65, 441,700
23.1
24.9
October 15, 1881
51, 008, 300
12, 452, 700
63, 461, 000
23.2
25.0
October 22, 1881
54, 016, 2u0
12, 496, 500
66, 512, 700
24. 6
26.6
October 29, 1881
55, 961, 200
12, 947, 900
68, 909, 100
25.0
27.4
October 7, 1882
47, 016, 000
18, 384, 500
65, 400, 500
24.0
26.3
October 14, 1882
48, 281, 000
18, 002, 700
66, 283, 700
24.7
26.6
October 21, 1882
49, 518, 200
17, 023, 900
66, 542, 100
25.0
26.8
October 28, 1882
48, 374, 200
17, 204, 700
65, 578, 900
24.8
26.5
October 6, 1883
51, 586, 700
20, 122, 500
71,709,200
25.5
27.0
October 13, 1883
50, 894, 000
21, 145, 800
72, 039, 800
25. 4
26.8
October 20, 1883
47, 262, 900
20,719, 700
67, 982, 600
24.5
25.9
October 27, 1883
46, 372, 800
20,617, 600
66, 990, 400
24.5
25. 9
October 4,1884
67, 470, 600
25, 817, 300
93, 287, 900
34.5
36.3
October 11, 1884
68, 922, 500
27, 654, 100
96, 576, 600
35.2
30.9
October 18, 1884
67, 579, 400
27, 875, 500
95, 454, 900
34.8
36.5
October 25, 1884
67, 638, 000
27, 354, 200
94, 992, 200
34.6
36. 3
October 3, 1885
92, 351, 600
24, 516, 600
116, 868, 200
36.0
37.1
October 10, 1885
93, 642, 500
23, 002, 000
116, 044, 500
35. 8
37.0
October 17, 1885
91, 945, 300
22, 221, 100
114,166,400
34.9
36.0
October 24, 1885
87, 309, 100
21, 059, 800
108, 368, 900
33.5
34.5
October 30, 1885
84, 954, 600
21, 874, 900
106, 829, 500
33.0
34.1
October 2,1886
64, 111, 700
14, 607, 700
78, 719, 400
27. 1
27.9
October 9, 1886
65, 723, 800
13, 209, 100
78, 932, 900
27.0
27.7
October 16, 1886
65, 228, 600
13,133, 100
78, 361, 700
26.7
27.4
October 23, 1886
65, 668, 400
12, 803, 800
78, 472, 200
26.9
27.7
October 30, 1886
66, 195, 100
13, 177, 200
79, 372, 300
27.1
27.9
October 1,1887
64, 619, 200
15, 767, 500
80, 386, 700
27.7
28.5
October 8,1887
64, 317, 500
16, 229, 700
80, 587, 200
27.4
28.2
October 15, 1887
64, 663,100
16, 885, 400
81, 548, 500
27.3
28.1
October 22, 1887
64, 918, 700
16, 735, 500
81, 654, 500
27.4
28.2
October 29, 1887
66, 005, 800
17, 542, 600
82, 848, 400
27.8
28.6
REPORT OF THE COMPTROLLER OF THE CURRENCY. 107
The following table exhibits the transactions of the clearing-houses
located in 37 cities for the year ending September 30, 1887, from official
returns received from the manager of the New York Clearing-House,
and a comparison is made with the year ending September 30, 1880, by
indicating the increase or decrease in the exchanges and balances:
Clearing-house
at—
New York
Boston
Philadelphia...
Chicago
Saiut Louis
Baltimore
San Francisco .
Pittsburgh
Now Orleans...
Cincinnati
Providence
Louisville
Milwaukee
Detroit
Cleveland
Indianapolis...
Kansas City ...
Hartford
New Haven ...
Columbus
Memphis
Peoria
Worcester
Springfield
Lowell
Syracuse
Portland
Omaha
Saint Joseph...
Denver
Galveston
Saint Paul
Minneapolis ...
Los Angeles ...
Grand Kapids .
Duluth
Norfolk
Total .
No. of
mem-
bers.
65
52
40
21
18
23
17
19
13
19
34
21
11
14
11
6
9
15
10
17
7
9
8
10
7
8
6
8
7
7
7
15
14
7
7
7
6
Exchanges for
year ending
September 30,
1887.
$34,
4,
3,
2,
575
872, 848, 786
408, 269, 993
186, 183, 935
887, 276, 059
879, 272, 738
665, 676, 756
800, 092, 859
490, 319, 705
412,231,400
564, 377, 200
210, 838,100
269, 7S6, 547
240, 127, 909
188, 629, 384
160, 010, 840
87, 149, 510
380, 407, 069
89, 871, 078
63, 931, 325
53, 311, 425
94, 241, 496
55, 006, 344
47, 197, 687
50, 593, 291
31, 670, 050
28, 596, 708
49, 588, 652
137, 220, 535
67, 239, 133
110, 240, 167
63, 182, 557
200, 364, 307
184, 700, 022
New.
26, 229, 598
New.
40, 016, 323
52, 126, 704, 488
Balances for
year ending
September 30,
1887.
$1, 569, 626, 325
510, 625,457
298, 701, 297
301, 574, 676
142, 259, 972
89, 504, 281
124, 200, 215
81, 520, 388
47, 805, 607
96, 204, 200
No record.
63, 564, 157
40, 817, 909
31, 729, 276
No record.
18, 660, 734
No record.
25, 689, 768
15, 176, 902
8, 378, 319
24, 020, 213
13, 974, 158
13, 466, 230
14, 929, 388
10, 108, 362
6, 358, 243
9,495, 080
No record.
17,667,401
15, 866, 791
No record.
33, 193, 845
30, 465, 326
New.
5, 670, 886
New.
6, 453, 157
3, 667, 708, 563
Comparison with year ending September
30, 1S86.
Increase.
Exchanges. Balances.
$1, 498, 166, 570
399, 704, 727
400, 313, 485
326, 906, 787
78, 902, 128
65, 091, 763
200, 751, 798
104, 021, 001
71, 936, 700
6, 987, 400
39, 652, 990
46, 350, 700
40, 642, 682
39, 914, 603
17, 790, 711
115, 397, 901
2, 893, 509
7, 080, 963
10, 470,012
18, 890, 007
16, 674, 956
3, 640, 068
9, 250, 560
4, 909, 878
1, 819, 356
2,921, 292
23, 464, 120
57, 807, 724
24, 370, 250
New.
No record 1886
New.
253, 629
$50, 060, 940
17, 527, 457
40, 694. 877
10, 348, 598
7, 970, 677
17, 215,771
7, 404. 776
805, 607
11, 143, 200
8, 923, 080
6, 411, 187
6, 430, 910
8, 763, 227
1, 434, 272
4, 621, 463
3, 865, 658
647, 142
2, 255, 028
1, 087, .183
210, 189
659, 007
5, 747, 999
3, 613, 999
5, 024, 902
3, 636, 978, 270
222, 267, 149
Decrease.
*$6, 587, 994
t21, 768, 600
*916, 181
" *4,’ 530,' i 15
125, 075, 365
t34, 031, 896
19, 920, 239
*315, 020
90, 796, 100
12, 349, 310
‘Balances. t Exchanges.
From the above table it will be seen that the exchanges in New York
City amounted to G6.9 per cent, of the whole sum, and the balances in
tha.t city were nearly 42.8 per cent, of the total balances.
DUTIES, ASSESSMENTS, AND REDEMPTION CHARGES.
National banks are subject to a semi-annual duty of one-half of 1 per
eent. upon the average amount of their notes in circulation during the
preceding six months. They are also required by the act of June 20,
1874, to pay the cost of the redemption of their notes at the office of the
Treasurer of the United States at Washington, and the cost of the
plates from which their notes are printed. Banks extending their
corporate existence have to pay for new plates. Previously to the act
of June 20, 1874, the expense of the plates had been paid out of the tax
108 REPORT OF THE COMPTROLLER OF THE CURRENCY.
on tlie banks, which at that time attached to capital and deposits as
well as to circulation.
The banks are further required to pay the fees of the examiners em-
ployed to ascertain their condition, under section 5240, Revised Stat-
utes of the United States.
The taxes and assessments collected during the past year were as
follows :
Semi-annual duty on circulation .. $2, 044, 922. 75
Cost of redemption of notes by United States Treasurer 138,967.00
Assessments for cost of plates, new banks 18,850. 00
Assessments for cost of plates, extended banks 1, 750. 00
Assessments for examiners’ fees, sec. 5240, R. S 110, 219. 88
Total 2,314,709.63
It has not been customary heretofore to include assessments with
taxes, but it seems proper to do so.
The following table is a comparative statement of taxes assessed as
semi-annual duty on circulation, cost of redemption of notes, cost of
plates, and examiners’ fees for the past five years:
Years.
Semi-animal
duty on circu-
tion.
Cost of
redemption
of notes
by United
States
Treasurer.
Assess-
ments for
cost of
plates, new
banks.
Assessment
for cost
of plates,
extended
banks.
Assess-
ment for
examiners’
fees (sec-
5240, R.S.).
Total.
1883
1884
1885
1886
1887
Total
$3, 132, 006. 73
3, 024, 608. 24
2, 794, 5S4. 01
2, 592, 021. 33
2, 044, 922. 75
$147, 592. 27
160,890 65
181, 857. 16
108, 243. 35
138, 967. 0C
$25, 980. 00
18, 845. 00
13, 150.00
14,810. 00
18, 850. 00
$34, 120. 00
1, 950. 00
97, 800. 00
24, 825. 00
1, 750. 00
$94, 606. 16
99, 642. 05
107, 781. 73
107, 272. 83
110, 219. 88
$3, 434, 305. 16
3, 306, 001. 94
3, 195, 172. 90
2, 907, 172. 51
2, 314, 709. 63
13, 588, 203. 00
797, 556. 43
91, 635. 00
160, 445. 00
519, 522. 65
15, 157, 362. 14
The total tax collected on circulation up to July 1, 1887, amounted
to $05,841,721.30.
STATE TAXATION OF NATIONAL BANKS.
There has been for some years more or less friction arising out of
what is claimed to bo discrimination against national banks in the tax
laws of some of the States, and in consequence a contention has been
going on as to the meaning of so much of section 5210 of the Revised
Statutes of the United States as imposes a restriction upon State legis-
latures in determining and directing the manner of assessing and col-
lecting taxes on national-bank shares. Section 5219 of the Revised
Statutes of the United States is as follows:
Nothin" herein'shall prevent all the shares in any association from being included
in the valuation of the personal property of the owner or holder of such shares, in
assessing taxes imposed by authority of the State within which the association is
located ; but the legislature of each State may determine and direct tho manner and
place of taxing all the shares of national banking associations located within the
State, subject only to the two restrictions, that the taxation shall not be at a greater
rate than is assessed upon other moneyed capital in the hands of individual citizens
of such Stato, and that the shares of any national banking association owned by
non-residents of any State shall be taxed in the city or town where the bank is located,
and not elsewhere. Nothing herein shall be construed to exempt the real property of
associations from either State, county, or municipal taxes, to the same extent, accord-
ing to its value, as other real property is taxed.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 109
It will be seen that the only restrictions upon State legislatures in
determining and dii’ectiug the manner and place of taxing all the shares
of national bauks located within the State are two: first, a restriction
as to the manner, viz: “that the taxation shall not be at a greater rate
than is assessed upon other moneyed capital in the hands of individual
citizens of the State and, secondly, a restraint as to the place of taxa-
tion, which it is needless to quote, as no doubt seems to have arisen as
to its meaning.
The contention over the true interpretation of the clause applying to
the rate of taxation has been serious.
In various States the banks have appealed from local assessors and
tax collectors to the courts, and during the past year the Supreme Court
has finally laid down the meaning and intent of this clause.
The only question now open is whether the clause, as construed by
the Supreme Court during the past year, expresses the purpose of Con-
gress, and this question can be answered by Congress alone.
It is claimed by the national banks in many States that the construc-
tion placed upon the law deprives them of the full measure of protec-
tion which it was the intention of Congress to provide.
Following is the full text of the decision of the Supreme Court:
Mr. Justice Matthews delivered the opinion of the court.
The bill in this case was filed by the appellant, an association organized as a na-
tional bank, in the city of Now York, the object and prayer of which were to restrain
the collection of taxes assessed upon its stockholders in respect to their shares
therein, on the ground that the taxes assessed aud sought to be collected by the de-
fendants were illegal and void under section 5219 of the Revised Statutes of the
United States, as being at a greater rate than those assessed under the laws of New
York upon other moneyed capital in the hands of the individual citizens of that
State. The assessment in question was made for the year 1885, by the proper officer,
acting in pursuance of section 312 of au act of the legislature of the State of New
York, passed July 1, 1882, entitled “An act to revise the statutes of this State relat-
ing to banks, banking and- trust companies,” which reads as follows :
Sec. 312. The stockholders in every bank or banking association organized under
the authority of this State, or of the United States, shall be assessed and taxed on
the value of their shares of stock therein ; said shares shall be included in the valua-
tion of the personal property of such stockholders in the assessment of taxes at the
place, city, town, or ward where such bank or banking association is located, and not
elsewhere, whether the said stockholders reside in said place, city, town, or ward or
not; but in the assessment of said shares each stockholder shall be allowed all the
deductions and exceptions allowed by law in assessing the value of other taxable per-
sonal property owned by individual citizens of this State, and the assessment and
taxation sball not be at a greater rate than is made or assessed upon other moneyed
capital in the hands of individual citizens of this State. In making such assessment
there sball also be deducted from the value of such shares such sum as is in the same
proportion to such value as is the assessed value of the real estate of the bank or
banking association, and in which any portion of their capital is invested, in which
said shares are held, to the whole amount of tho capital stock of said bank or bank-
ing association. Nothing herein contained shall be held or construed to exempt the
real estate of banks or banking associations from either State, county, or municipal
taxes, but the same shall be subject to State, county, municipal, and other taxation
to the same extent and rate and in the same manner according to its value, as other
real estate is taxed. The local authorities charged bylaw with the assessment of the
said shares shall, within ten days after they have completed such assessment, give
written notice to each bank or banking association of such assessment of the shares
of its respective shareholders, and no personal or other notice to such shareholders of
such assessment shall be necessary for the purpose of this act.
The hearing in the circuit court was had upon an agreed statement of facts, as
follows :
“ It is hereby stipulated and agreed by and between the parties to the above-en-
titled suit, that, for the purpose of tho trial of this cause, the facts hereinafter stated
are true, and that the cause be submitted for trial and decree upon such statement
alone, together with the pleadings :
“ 1. That the complainant, on the second Monday of January, A. D. 1885, and for
several months prior thereto, had a capital stock of the par value of $1,000,000 and a
110 REPORT OF THE COMPTROLLER OF THE CURRENCY.
surplus fund of $200,000 ; that nearly the whole of said capital and surplus fund was
during that period, invested in bonds of the United States of the par value of $949,-
000, and of a market value and cost largely exceeding that sum ; that its shares of
stock were each of the par value of $100 and of the number of 10,000, and were then
held by 142 persons and corporations, 50 of whom, owning 1,877 shares, were resi-
dents of States other than the State of New York, and the remainder residents of the
State of New York.
“2. That, on the second Monday of January, 1885, the proper tax officers of the
city of New York, acting under chapter 409 of the Laws of 18e2 of the State of New
York, did value and assess for taxation the shares of stock of said bank against the
individual shareholders thereof, at the rate of $89 per share, after deducting the
proportion of the assessed value of the real estate of said bank applicable to each
share of stock, as by law required, making the total gross valuation of said shares in
the hands of the shareholders the sum of $890,000, from which sum the debts of sundry
indebted stockholders, amounting to $89,128, were deducted, as by law allowed,
leaving the total valuation of said shares against said stockholders upon which taxes
were thereafter assessed the sum of $800,872.
“3. That, on the second Monday of January, 1835, the aggregate actual value of
the shares of stock of the incorporated moneyed and stock corporations incorporated
by the laws of the State of New York deriving an income or profit from their capital
or otherwise (not including life insurance companies, trust companies, banks, or bank-
ing associations, organized under the authority of this State or of the United States)
amounted to the sum of $755,018,892 ; that ‘ Exhibit A/ hereto appended and made a
part of this agreement, contaius a list of the corporations whose shares of capital
stock are embraced in said sum of $755,018,892, and also shows the total par value of
the shares of capital stock of each of said corporations.
“4. That, at the period aforesaid, the aggregate actual value of the shares of stock
of the life insurance companies incorporated under the laws of this State amounted
to the sum of $3,540,000, and at the same period the aggregate value of the personal
property of said companies, consisting of mortgages, loans with collateral security,
State, county and municipal bonds, and railroad bonds and shares of stock of corpo-
rations (but not including the bonds of the United States nor the shares of corpoi’a-
tious created by the State of New York), amounted to $195,257,305 ; all of which is
shown in detail in the schedule hereto annexed, marked ‘Exhibit BJ
“5. That, at the said period, the aggregate actual value of the shares of the capi-
tal stock of the trust companies existing in the State of New York and organized un-
der its laws amounted to $32,013,900, as is shown in detail in the schedule hereto an-
nexed, marked ‘ Exhibit C,’ of which sum the amount of $30,215,900 was of trust
companies located in the city of New York.
“6. That, at the same period, the aggregate actual value of the deposits due by
the savings banks of this State to depositors was $437,107,501 (not including the sur-
plus accumulated by the said corporations, amounting to $68,669,001).
“7. That the aggregate actual value of the bonds and stocks issued by the city of
New York, subject to the provisions of chapter 552 of the Laws of 1880, at the said
period, amounted to $13,467,000.
“8. That the aggregate actual value at the same period of the shares of stock of
corporations created by States other than the State of New York, owned by the citi-
zens of the State of New York, amounted to at least the sum of $250,000,000.
“9. The assessed valuation of all personal property, after making the deductions
allowed bylaw, in the city of New York (at the said period), as shown by the annual
record of the assessed valuation of real and personal estate of the said city for the
year 1885, was $202,073,806. Tbis sum included the capital of corporations (after
making deductions for investments thereof in real estate, shares of Now York corpo-
rations, taxable upon their capital stock under the laws of this State, and non-taxablo
securities), as follows :
Insurance companies $2, 146, 379
Trust companies 156, 506
Miscellaneous companies 29, 234, 409
Railroad companies 12, 339, 871
“It also included :
Shares of national banks 45, 046, 074
Shares of State banks 15, 700, 220
“ The sum so deducted for the value of t he real estate belonging to said trust com-
panies located in tbo city of Now York did not exceed $2,336,572.31.
The assessed value of the real estate in said city for said period is. .. $1, 168, 443, 137
And in the said State, including tbo city of New York, is 2,761,973,845
Tbo latter sum including the sum of about 340, 000, 000
REPORT OF THE COMPTROLLER OF TIIE CURRENCY. Ill
being the assessed value of tbe real estate located in said State belonging to corpora-
tions.
“The ‘ aggregate amount of the taxable personal estate’ within the State of New
York, exclusive of said city, after deducting debts due by the owners thereof for the
year ending December 31, 1884, as assessed by the assessors and returned to the State
comptroller, is $151,632,369.
“ This sum included the capital of corporations (after making the deductions for
investments thereof iu real estate, shares of New York corporations taxable under
their capital stock under the laws of this State and non-taxablo securities), of the
amount of $34,466,612.
The aggregate capital stock, taken at par, of the national banks outside
of the city of New York, but within the State of New York, ou Decem-
ber 20, 1884, as shown by the report of the Comptroller of the Currency
of the United States, was $36, 804, 160
And that of State banks, outside of the said city, but within said State,
as shown by the report of the bank superintendent of New York, is.. . 8, 128, 000
Total (outside of New York City) 44, 932, 160
The total par value of the shares of national banks in said State, includ-
ing the city of New York, for the period aforesaid, is 83, 054, 160
And of the State banks 32,815,700
“ 10. That it is the intention of the defendants, unless restrained by injunction, to
collect the said tax levied by them against the shareholders of the said complainant
upon said shares by the use of all needful legal process.
“ 11. That any statutes of the United States or of the State of New York may bo
cited and relied upon before the said court as if herein fully set forth.”
Fi'om a decree dismissing the bill the present appeal is prosecuted.
Section 5219 of the Revised Statutes of the United States is as follows :
“ Nothing herein shall prevent all the shares iu any association from being included
in the valuation of the personal property of the owner or holder of such shares in
assessing taxes imposed by authority of the State within which the association is
located ; but the legislature of each State may determine and direct the manner and
place of taxing all the shares of national banking associations located within the
State, subject only to the two restrictions that the taxation shall not bo at a greater
rate than is assessed upon other moneyed capital in the hands of individual citizens of
such State, and that the shares of any national banking asssociation owned by non-
residents of any State shall be taxed in the city or town where the bank is located
and not elsewhere. Nothing herein shall be construed to exempt the real property of
associations from either State, county, or municipal taxes to the same extent, accord-
ing to its value, as other real property is taxed.”
In the present case no question is raised by the appellant as to the validity of sec-
tion 312, chapter 409, of the Laws of New York of 1882, considered by itself, nor in
reference to the rule of valuation or assessment which it prescribes. No exception is
taken to the form of the assessment, nor is the case based in any degree upon the
dereliction of the assessing officers in the discharge of their duties, there being no
allegation and no proof that they have not performed their whole duty under the
stat utes of the State.
The proposition which the appellant seeks to establish is, that the State of New
York, in seekkig to tax national-bank shares, has not complied with the condition
contained in section 5219 of the Revised Statutes, that such taxation shall not be at
a greater rate than is assessed upon other moneyed capital in the hands of individual
citizens of such State, “ in that, it has by its legislation expressly exempted from all
taxes in the hands of the individual citizens numerous species of moneyed capital,
aggregating in actual value the sum of $1,686,000,000, whilst it has by its laws sub-
jected national-bank shares in the hands of individual holders thereof (aggregating
a par value of $83,000,000), and State-bank shares (having a like value of $22,815,700),
to taxation upon their full actual value, less only a proportionate amount of the real
estate owned by the bank.” This exemption, it is claimed, is of a “very material
part relatively” of the whole, and renders the taxation of national-bank shares void.
The exemptions thus referred to are classified as follows:
1st. The shares of stock in the hands of the individual shareholders of all incor-
porated “moneyed or stock corporations deriving an income or profit from their
capital or otherwise, incorporated by the laws of New York, not including trust
companies and life insurance companies, and State or national banks.” The value of
such shares, it is admitted, amounts to $755,018,892.
2d. Trust companies and life insurance companies. The actual value of the shares
of stock in trust companies amounts to $32,018,900, and the actual value of the shares
in life insurance companies amounts to $3,540,000, which life insurance companies, it
112 REPORT OF THE COMPTROLLER OF THE CURRENCY.
is admitted, are the owners of personal property consisting of mortgages, loans,
stocks, and bonds to the value of $195,257,305._
3d. Savings hanks and the deposits therein." The deposits amount to $437,107,501,
and an accumulated surplus to $68,669,001.
4th. Certain municipal bonds issued by the city of New York under an act passed
in 1880, of the value of $13,467,000.
5th. Shares of stocks in corporations created by States other than New York, in
the hands of individual holders, residents of said State, amounting to $250,000,000.
It is argued by the appellant that these exemptions bring the case within the de-
cision of Boyer v. Boyer, 113 U. S., 689. In that case, referring to the legislation of
Pennsylvania, it was said: “The burden of county taxation imposed by the latter
act has at all events been removed from all bonds or certificates of loan issued by any
railroad company incorporated by the State; from shares of stock in the hands of
stockholders of any institution or company of the State which in its corporate capac-
ity is liable to pay a tax into the State treasury under the act of 1859 ; from mort-
gages, judgments, and recognizances of every kind ; from moneys due or owing upon
articles of agreement for the sale of real estate ; from all loans, however made, by
corporations which are taxable for State purposes when such corporations pay into
the State treasury the required tax on such indebtedness.”
This enumeration of exempted property, the amounts of which were stated in the
bill and admitted by the demurrer, was held to include such a material portion rela-
tively of the moneyed capital in the hands of individual citizens as to make the tax
upon the shares of national banks an unfair discrimination against that class of
property, but no attempt was made in the opinion of the court to define the meaning
of the words “ moneyed capital in the hands of individual citizens ” as used in the
statute, or to enumerate all the various kinds of property or investments that came
within its description, or to show that shares of stock in the hands of stockholders
of every instit ution, company, or corporation of a State, having a capital employed
for the purpose of earning dividends or profits for its stockholders, were taxable as
moneyed capital in the hands of individual citizens.
It is accordingly contended on behalf of the appellees in the present case, first,
that the shares of stock in the various companies incorporated by the laws of New
Y'ork as moneyed or stock corporations, deriving an income or profit from their in-
come or otherwise, including trust companies, life insurance companies, and savings
banks, are not moneyed capital in the hands of the individual citizen within the mean-
ing of the act of Congress; second, that if any of them are. then the corporations
themselves are taxed under the laws of New lfork in such a manner and to such an
extent that the shares of stock therein are in fact subject to a tax equal to that which
is assessed upon shares of national banks ; and third, that if there are any exceptions,
they are immaterial in amount and based upon considerations which exclude them
from the operation of the rule of relative taxation intended by the act of Congress.
In view of the nature of the contention between the parties to this suit, and the
extent and value of the interests involved, it becomes necessary to review with care
the previous decisions of this court upon the same subject, and to endeavor to state
with precision the rule of relative taxation prescribed to the States by Congress on
shares of national banks.
The uational-banking act of 1864 (13Stat., Ill), in addition to the restrictions now
imposed upon the State taxation of national-bank shares, declared “that the tax so
imposed, under the laws of any State, upon the shares of any of the associations au-
thorized by this act, shall not exceed the rato imposed upon the shares in auy of the
banks organized under the authority of the State where such association is located.”
In the re-enactment of this statute in 1868 (15 Scat., 34), this proviso was omitted.
The case of Van Allen v. Assessors, 3 Wallace, 573, was decided under the act of 1864
as originally enacted. In that case the taxing law of New York, which was iu ques-
tion, was held to lie invalid, because it levied no taxes upon shares in State banks
at all, the tax being assessed upon the capital of the banks after deducting that por-
tion which was invested in securities of the United States; and it was held that this
tax on the capital was not a tax on the shares of the stockholders equivalent to that
on the shares in national banks. It was also decided in that case that it was com-
petent for the States, under the permission of Congress, to tax the shares of national-
bank stock hold by individuals, notwithstanding the capital of the bank was invested
in bonds of the United States which were not subject to taxation.
It appears, therefore, as the result of the decision in that case, that a tax upon the
capital of a State bank, levied upon the value thereof, after deducting such part as
was invested in non-taxablo Government bonds, was less than an equivalent for a tax
upon the shares of national banks from which no such deduction was permitted. Ac-
cordingly, in the case of People v. The Commissioners, 4 Wallace, 244, the complaint
was made on behalf of individual owners of national-bank stock taxed in New York,
that no deduction was permitted to them from the value of their shares on account of
the capital of the bank being invested in non-taxablo Government bonds, while such
REPORT OF THE COMPTROLLER OF TnE CURRENCY. 113
deduction was allowed in favor of insurance companies and individuals in the assess-
ment for taxation of tlio value of their personal property; and it was contended,
therefore, that the relators in that case were taxed upon their shares of national-
hank stock at a greater rate than was assessed upon other moneyed capital in the
hands of individual citizens. In reference to this supposed inequality the court said:
“ The answer is, that, upon a true construction of this clause of the act, the meaning
and intent of the law-makers were that tho rate of taxation of the shares should he
the same or not greater than upon tho moneyed capital of the individual citizen,
which is subject or liable to taxation. That is, no greater proportion or percentage
of tax in the valuation of the shares should he levied than upon other moneyed tax-
able capital in the hands of tho citizens. This rule seems to be as effectual a test to
prevent unjust discrimination against the shareholders as could well be devised. It
embraces a class which constitutes the body politic of the State, who make its laws
and provide for its taxes. They can not be greater than the citizens impose upon
themselves. It is known as sound policy that in every well regulated and enlight-
ened state or government, certain descriptions of property and also certain institu-
tions, such as churches, hospitals, academies, cemeteries, and the like, are exempt
from taxation ; but these exemptions liavo never been regarded as disturbing the
rates of taxation, even where the fundamental law had ordained that it should be
uniform.” The Court then proceeded to show that the exclusion, as the subject of
taxation, of Government securities held by individuals, from their moneyed capital,
was by authority of the United States, and hence it would bo a contradiction to infer
that Congress meant to include the same Government securities as a part of that mon-
eyed capital which it required to be taxed by the States at a rate equal to that im-
posed by the latter upon the shares held by individuals of national-bank stock.
The other object ion taken to the validity of the tax complained of was, that insur-
ance companies created under the laws of the State were authorized to deduct from
the amount of their capital and surplus protits, for purposes of taxation, such part as
was invested in United States securities. In reference to this the court said: “ The
answer is, that this clause does not refer to the rate of assessments upon insurance
companies as a test by which to prevent discrimination against the shares; that is
confined to the rate of assessments upon moneyed capital in the hands of individual
citizens. These institutions are not within the words or the contemplation of Con-
gress; but even if they were, the answer we have already given to the deduction of
these securities in Ihe assessment of the property of individual citizens is equally
applicable to them.”
In Lionbergerr. Rouse, 9 Wallace, 4C8, it was held that the proviso originally con-
tained in tho act of 1864, and omitted from the act of 1868, expressly referring to State
banks, 'was limited to State banks of issue. The court said (p. 474): “There was
nothing to fear from banks of discount and deposit merely, for in no event could they
work any displacement of national-bank circulation.” Of course, so far as invest-
ments in such banks are moneyed capital in the hands of individuals, they are in-
cluded in the clause as it now stands.
In the case of Hepburn v. School Directors, 23 Wallace, 480, it was decided to be
competent for tho State to value, for taxation, shares of stock in a national bank at
their actual value, even if in excess of their par value, provided thereby they were
not taxed at a greater rate than was assessed upon other moneyed capital in the
hands of individual citizens of the State. It was a further question in that case
whether the exemption from taxation by statute of “ all mortgages, j udgments, recog-
nizances, and moneys owing upon articles of agreement for the sale of real estate”
made the taxation of shares in national banks unequal and invalid. This was de-
cided in the negative on two grounds : first, that the exemption was founded upon the
just reason of preventing a double burden by the taxation both of property and of
the debts secured upon it ; and, second, because it was partial only, not operating as
a discrimination against investments in national-bank shares. The court said : “ It
could not have been tho intention of Congress to exempt bank shares from taxation
because some moneyed capital was exempt.”
The subject was further considered in the case of Adams v. Nashville, 95 U. S., 19.
One of the questions in that case had reference to an exemption from taxation by
State authority of interest-paying bonds issued by the municipal corporation of the
city of Nashville, in the hands of individuals. It was held that the exemption did
not invalidate assessment upon the shares of national banks. The court said
(p. 22) : “ The act of Congress was not intended to curtail the State power on the
subject of taxation. It simply required that capital invested in national banks
should not be taxed at a greater rate than like property similarly invested. It was
not intended to cut off the power to exempt particular kinds of property, if the leg-
islature chose to do so. Homesteads to a specified value, a certain amount of house-
hold furniture (the six plates, six knives and forks, six teacups and saucers, of the
old statutes), the property of clergymen to some extent, school-houses, academies,
and libraries, are generally exempt from taxation. The discretionary power of tho
8770 CUR 87 8
114 REPORT OF THE COMPTROLLER OF THE CURRENCY.
legislatures of the States over all these subjects remains as it was before the act of
Congress of June, 1864. The plain intention of that statute was to protect the cor-
porations formed under its authority from unfriendly discrimination by the States
in the exercise of their taxing power.”
In People v. Weaver, 100 U. S., 539, it was held that the prohibition against the
taxation of national-bank shares at a greater rate than that imposed upon other
moneyed capital in the hands of individual citizens could not be evaded by the as-
sessment of equal rates of taxation upon unequal valuations, and that consequently
where the State statute authorized individuals to deduct the amount of debts owing
by them from the assessed value of their personal property and moneyed capital sub-
ject to taxation, the owners of shares of national banks were entitled to the same
deduction. The cases of The Supervisors v. Stanley, 105 U. S., 305 ; Hills v. Ex-
change Bank, Ibid., 319 ; Evansville Bank v. Britton, Ibid., 322, and Cummings v.
National Bank, 101 U. S., 153, are applications of the same principle.
The rule of decision in Van Allen v. Assessors, 3 Wallace, 573, is not inconsistent
with that followed in People v. The Commissioners, 4 Wallace, 244. In the former of
these cases the comparison was between taxes levied upon the shares of national
banks and taxes levied upon the capital of State banks. In the valuation of the cap-
ital of State banks for this taxation, non-taxable securities of the United States were
necessarily excluded, while in the valuation of shares of national banks no deduction
was permitted on account of the fact that the capital of the national banks was in-
vested in whole or in part in Government bonds. The effect of this was, of course,
to discriminate to a very important extent in favor of investments in state banks, the
shares in which eo nomine were not taxed at all, while their taxable capital was di-
minished by the subtraction of the Government securities in which it was invested,
and against national-bank shares taxed without such deduction at a value neces-
sarily and largely based on the value of the Government securities in which by law
a large part of the capital of the bank was required to be invested. In the case of
People v. The Commissioners the comparison was not between the taxation of share-
holders in national banks and of shareholders in State banking institutions, but
between the taxation of national-bank shares and that of personal property held by
individuals and insurance companies from the valuation of which the deduction was
permitted of the amount of non-taxable Government securities held by them respect-
ively. The general ground of the decision was, that the exemption was not an un-
friendly discrimination against investments in national banks in favor of other in-
vestments of a similar and competing character. If was held that the exemption,
understate authority, of United States securities, which it was not lawful for the
State to tax, could not be considered an unwarranted exemption in that case. It was
also held that the language of the act of Congress which lixed the rate of taxation
upon national-bank shares, by reference to that imposed by the State “ upon other
moneyed capital in the hands of individual citizens,” excluded from the comparison
moneyed capital in the hands of corporations, unless the corporations were of that
character, such as State banks wore held to be in the case of Van Allen v. The As-
sessors, that shares of stock in them fell within the description of “ moneyed capital
in the hands of individual citizens.” In that way a distinction was established be-
tween shares of stock held in banking corporations and those held in insurance com-
panies and other business, trading, manufacturing, and miscellaneous corporations,
whose business and operations wore unlike those of banking institutions.
It follows, as a deduction from these decisions, that “moneyed capital in the
hands of individual citizens” does not necessarily embrace shares of stock held by
them in all corporations whoso capital is employed, according to their respective cor-
porate powers and privileges, in business carried on for the pecuniary profit of share-
holders, although shares in some corporations, according to the nature of their busi-
ness, may be such moneyed capital. The rule and test of this difference is not to be
found in that quality attached to shares of stock in corporate bodies generally whereby
the certificates of ownership have a certain appearance of negotiability, so as easily
to be transferred by delivery under blank powers of attorney, and to bo dealt in by
sales at the stock exchange, or used as collateral for loans, as though they were nego-
tiable security for money. This quality, in a greater or less degree, pertains to all
stocks in corporate bodies, the facility of their uso in this way being in proportion
to the estimated wealth and credit, present or prospective, of the corporation itself.
Neither is the difference to be determined by the character of the investments in
which, either by law or in fact, the bulk of the capital and the accumulated surplus
of the corporation is from time to time invested. It does not follow, because these
are invested in such a way as properly to constitute moneyed capital, that the shares
of stock in the corporations themselves must necessarily be within the same descrip-
tion. Such is the case of insurance companies, in respect to which it was held, in
People v. The Commissioners, that shares of stock in them were not taxable as
“moneyed capital in the hands of individual citizens;” and that the language of
the act of Congress does not include moneyed capital in the hands of corporations.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 115
Tlio true test of tlie distinction, therefore, can only be found in the nature of the busi-
ness in which the corporation is engaged. ,
The key to the proper interpretation of the act of Congress is its policy and pur-
pose. The object of the law was to establish a system of national banking institu-
tions, in order to provide a uniform and secure currency for the people, and to facili-
tate the operations of the Treasury of the United States. The capital of each of the
banks in this system was to be furnished entirely by private individuals ; but, for the
protection of the Government and the people, it was required that this capital, so far
as it was the security for its circulating notes, should be invested in the bonds of the
United States. These bonds were not subjects of taxation ; and neither the banks
themselves, nor their capital, however invested, nor the shares of stock therein held
by individuals, could be taxed by the States in which they were located without the
consent of Congress, being exempted from the power of the States in this respect, be-
cause these banks were means and agencies established by Congress in execution of
the powers of the Government of the United States. It was deemed consistent, how-
ever, with these national uses, and otherwise expedient, to grant to the States the
authority to tax them within the limits of a rule prescribed by the law. In lixing
those limits it became necessary to prohibit the States from imposing such a burden
as would prevent the capital of individuals from freely seeking investment in insti-
tutions which it was the express object of the law to establish and promote. The
business of banking, including all the operations which distinguish it, might be car-
ried on under State laws, either by corporations or private persons, and capital
in the form of money might be invested and employed by individual citizens in
many single and separate operations forming substantial parts of the business of
banking. A tax upon the money of individuals, invested in the form of shares of
stock in national banks, would diminish their value as an investment and drive the
capital so invested from this employment, if at the same time similar investments
and similar employments under the authority of State laws were exempt from an
equal burden. The main purpose, therefore, of Cougress, in fixing limits to State
taxation on investments in the shares of national bauks, was to render it impossible
for the State, in levying such a tax, to create and foster an unequal and unfriendly
competition, by favoring institutions or individuals carrying on a similar business
and operations and investments of a like character. The language of the act of Con-
gress is to be read in the light of this policy.
Applying this rule of construction, wo are led, in the first place, to consider the
meaning of the words “ other moneyed capital,” as used in the statute. Of course it
includes shares in national bauks; the use of the word “other” requires that. If
bank shares were not moneyed capital, the word “ other” in this connection would
be without significance. But “moneyed capital ” does not mean all capital the value
of which is measured in terms of money. In this sense, all kinds of real and personal
property would be embraced by it, for they all have an estimated value as the sub-
jects of sale. Neither does it necessarily include all forms of investment in which the
interest of the owner is expressed in money. Shares of stock in railroad companies,
mining companies, manufacturing companies, and other corporations, are represented
by certificates showing that the owner is entitled to an interest, expressed ip money
value, in the entire capital and property of the corporation, but the property of the
corporation which constitutes its invested capital may consist mainly of real and per-
sonal property, which, in the hands of individuals, no one would think of calling
moneyed capital, and its business may not consist in any kind of dealiug in money,
or commercial representative of money.
So far as the policy of the Government in reference to national banks is concerned,
it is indifferent how the States may choose to tax such corporations as those just men-
tioned, or the interest of individuals in them, or whether they should be taxed at all.
Whether property interests in railroads, in manufacturing enterprises, in mining in-
vestments, and others of that description, are taxed or exempt from taxation, in the
contemplation of the law, would have no effect upon the success of national banks.
There is no reason, therefore, to suppose that Congress intended, in respect to these
matters, to interefere with the power and policy of the States. The business of
banking, as defined by law and custom, consists in the issue of notes payable on de-
mand, intended to circulate as money where the banks are banks of issue ; in receiv-
ing deposits payable on demand; in discounting commercial paper; making loans
of money on collateral security ; buying and selling bills of exchange ; negotiating
loans, and dealing in negotiable securities issued by the Government, State and na-
tional, and municipal and other corporations. These are the operations in which the
capital invested in national banks is employed, and it is the nature of that employ-
ment which constitutes it in the eye of this statute “moneyed capital.” Corporations
and individuals carrying on these operations do come into competition with the busi-
ness of national banks, and capital in the hands of individuals thus employed is what
is intended to be described by the act of Congress. That the words of the law must bo
so limited appears from another consideration; they do not embrace any moneyed
116 REPORT OF THE COMPTROLLER OF THE CURRENCY.
capital in the sense just defined, except that in the hands of individual citizens.
This excludes moneyed capital in the hands of corporations, although the business of
some corporations may be such as to make the shares therein belonging to individuals
moneyed capital in their hands, as in the case of banks. A railroad company, a min-
ing company, an insurance company, or any other corporation of that description,
may have a large part of its capital invested in securities payable in money, and so
may be the owners of moneyed capital ; but, as we have already seen, the shares of
stock in such companies held by individuals are not moneyed capital.
The terms of tho act of Congress, therefore, include shares of stock or other in-
terests owned by individuals in all enterprises in which the capital employed in car-
rying on its business is money, where the object of the business is the making of
profit by its use as money. The moneyed capital thus employed is invested for that
purpose in securities by way of loan, discount, or otherwise, which are from time to
time, according to the rules of the business, reduced again to money and reinvested.
It includes money in the hands of individuals employed in a similar way, invested
in loans, or in securities for the payment of money, either as an investment of a per-
manent character, or temporarily with a view to sale or repayment and reinvestment.
In this way the moneyed capital in the hands of individuals is distinguished from
what is known generally as personal property. Accordingly, it was said in Evansville
Bank v. Britton, 105 U. S., 32*2 : “The act of Congress does not make the tax on per-
sonal property the measure of the tax on the bank shares in the State, but the tax
on moneyed capital in the hands of the individual citizens. Credits, money loaned
at interest, and demands against persons or corporations are more purely representa-
tive of moneyed capital than personal property, so far as they can bo said to differ.
Undoubtedly there may be said to be much personal property exempt from taxation
without giving bank shares a right to similar exemption, because personal property
is not necessarily moneyed capital. But the rights, credits, demands, and money at
interest mentioned in the Indiana statute, from which bona-fide debts may be de-
ducted, all mean moneyed capital invested in that way.”
This definition of moneyed capital in the hands of individuals seems to us to be
the idea of the law, and ample enough to embrace and secure its whole purpose and
policy.
From this view, it follows that the mode of taxation adopted by the State of New
York in reference to its corporations, excluding for the present trust companies and
savings banks, does not operate in such a way as to make the tax assessed upon
shares of national banks at a greater rate than that imposed upon other moneyed
capital in the hands of individual citizens.
This is the conclusion reached on similar' grounds by the court of appeals of New
York. In the case of McMahon v. Palmer, 102 N. Y., 176, that court said :
“Our system of laws, with reference to the taxation of incorporated companies and
capital invested therein, has been carefully framed with a view of reaching all taxa-
ble property and subjecting it to equality of burden, so far as that object is attaina-
ble in a matter so complex. In view of the wide variation in the employable value
of such investments and the frequent mutations in their conditions, it is by no means
certain that this object has not been attained with reasonable accuracy. It is quite
clear, from even this cursory review of the statutes, that if any discrimination is made
by our laws in taxing capital invested, it is not to the prejudice of that employed in
banking corporations. Even if this were not the result of the statute, we are of opin-
ion that investments in the shares of companies named do not come within the mean-
ing of that clause in the Federal statutes referring to other moneyed capital in the
hands of individuals. That phrase, as generally employed, distinguishes such capi-
tal from other personal property, and investments in the various manufacturing and
industrial enterprises. And this is the sense in which it is used in our tax laws, as
appears by reference to tho statutes.”
The cases of trust comx>anies and saving banks require separate consideration. Sec-
tion 312 of chapter 409 of the act of 1882 is a re-enactment of section 3 of chapter 596 of
the laws of 1880, except that in the latter trust companies were included with banks
and banking institut ions, so as to subject the stockholders therein to the same rule of
assessment and taxation on the value of their shares of stock. The present statute
omits them from the corresponding section. The consequence is, that trust compa-
nies are taxable, as other corporations, under t he act of 1857, for local purposes, upon
the actual value of their capital stock. By chapter 361 of the laws of 1881, as amended,
they aro subjected to a franchise tax, in the nature of an income tax, payable to the
State for State purposes. It is argued, from this legislation, in reference to the taxa-
tion of trust companies, that it discloses an evident intent to discriminate in favor of
the latter as between them and banks, including national banks; and it is argued
that, considering tho nature of the business in which trust companies are engaged, it
is a material ana unfriendly discrimination iu favor of State institutions engaged to
some extent in a competing business with that of national banks. Trust companies,
REPORT OF THE COMPTROLLER OF THE CURRENCY. 117
however, in Now York, according to the powers conferred upon them by their charters
aud habitually exercised, are not in any proper sense of the word banking institu-
tions. They have the following powers: To receive moneys in trust and to accumu-
late the same at an agreed rate of interest; to accept and execute all trusts of every
description committed to them by any person or corporation or by any court of record ;
to receive the title to real or personal estate on trusts created in accordance with the
laws of the State, aud to execute such trusts; to act as agents for corporations in ref-
erence to issuing, registering, and transferring certificates of stock and bonds, and
other evidences of debt; to accept and executo trusts for married women iu respect to
their separate property ; and to act as guardian for the estates of infants. It is re-
quired that their capital shall be invested in bonds and mortgages on unincumbered
real estate in the State of New York worth double the amount loaned thereon, or in
stocks of the United States or of the State of New York, or of the incorporated cities
of that State.
It is evident, from this enumeration of powers, that trust companies are not banks
in the commercial sense of that word, and do not perform the functions of banks iu
carrying on the exchanges of commerce. They receive money on deposit, it is true,
and invest it in loans, and so deal, therefore, in money and securities for money in
such a way as properly to bring the shares of stock held by individuals therein within
the definition of moneyed capital in the hands of individuals, as used in the act of
Congress. But we fail to find in the record any sufficient ground to believe that the
rate of taxation, which in fact falls upon this form of investment of moneyed capi-
tal, is less than that imposed upon shares of stock in national banks.
It appears from the tax laws of New York applicable to the subject, as judicially
construed by the court of appeals of that State, that the capital stock of such a cor-
poration is to be assessed at its actual value. The actual value of the whole capital
stock is ascertained by reference, amoDg other standards, to the market price of its
shares, so that the aggregate value of the entire capital may be the market price of
one multiplied by the whole number of shares. Oswego Starch Factory v. Dolloway,
21 N. Y., 449 ; The People v. The Commissioners of Taxes, 95 N. Y., 554. From this are
to be deducted, of pourse, the real estate of the corporation otherwise taxed, and
the value of such part of the capital stock as is invested iu nou-taxable property,
such as securities of the United States. In addition to this, the corporation, as
already stated, pays to the State, as a State tax, a tax upon its franchise based upon
its income ; the tax on the capital being for local purposes.
It is evident, we think, that taxation in this mode is at least equal to that upon
the shares of individual stockholders, for if the same property was held for the same
uses and taxed by the same rule iu the hands of individuals, as moneyed capital, it
would be subject to precisely the same deductions; in addition to which the indi-
vidual would be entitled to make a further deduction of any debts he might owe.
Upon these grounds, therefore, we are of opinion that this mode of taxing trust com-
panies does not create the inequality which the appellant alleges.
In the case of savings banks, we assume that neither the bank itself nor the indi-
vidual depositor is taxed on account of the deposits. The language of the statute
(section 4, chapter 456, laws of 1857) is as follows :
“Deposits in any banks for savings, which are due to the depositors, . . shall
not be liable to taxation, other than the real estate and stocks which may be owned
by such bank or company, and which are now liable to taxation under the laws of
this State.”
According to the stipulation in this case, the deposits in such banks amount to
$437,107,501, with an accumulated surplus of $68,669,001. It can not be denied that
these deposits constitute moneyed capital in the hands of individuals within the
terms of any definition which can be given to that phrase; but we are equally clear
that they are not within the meaning of the act of Congress in such a sense as to
require that, if they are exempted from taxation, shares of stock in national banks
must thereby also be exempted from taxation. No one can suppose for a moment
that savings banks come into any possible competition with national banks of the
United States. They are what their name indicates, banks of deposit for the accu-
mulation of small savings belonging to the industrious and thrifty. To promote their
growth and progress is the obvious interest and manifest policy of the State. Their
multiplication can not in any sense injuriously affect any legitimate enterprise in the
community. We have already seen that by previous decisions of this court it has
been declared that “ it could not have been the intention of Congress to exempt bank
shares from taxation because some moneyed capital was exempt” (Hepburn v. School
Directors, 23 Wallace, 480), and that “the act of Congress was not intended to curtail
the State power on the subject of taxation. It simply required that capital invested
in national banks should not be taxed at a greater rate than like property similarly
invested. It was not intended to cut off the power to exempt particular kinds of
property, if the legislature chose to do so.” Adams v. Nashville, 95 U. S., 19. The
only limitation, upon deliberate reflection, we now think it necessary to add, is that
118 REPORT OF THE COMPTROLLER OF THE CURRENCY.
these exemptions should be founded upon jugt reason, and not operate as au unfriendly
discrimination against investments in national-bank shares. However largo, there-
fore! may be the amount of moneyed capital in the hands of individuals, in the shape
of deposits in savings banks as now organized, which the policy of the State exempts
from taxation for its own purposes, that exemption cannot affect the rule for the tax-
ation of shares in national banks, provided they are taxed at a rate not greater than
other moneyed capital in the hands of individual citizens otherwise subject to tax-
ation.
It is further objected, on similar grounds, to the validity of the assessment com-
plained of in this case that municipal bonds of the city of New York to the amount
of $13,467,000 are also exempted from taxation. The amount of the exemption in this
case is comparatively small, looking at the whole amount of personal property and
credits which are the subjects of taxation ; not large enough, we think, to make a
material difference in the rate assessed upon natioual-bank shares ; but, independently
of that consideration, we think the exemption is immaterial. Bonds issued by the
State of New York, or under its authority by its public municipal bodies, are means
for carrying on the work of the government, and are not taxable even by the United
States, and it is not a part of the policy of the government which issues them to sub-
ject them to taxation for its own purposes. Such, securities undoubtedly represent
moneyed capital, but as from their nature they are not ordinarily the subjects of tax-
ation, they are not within the reason of the rule established by Congress for the tax-
ation of national-bank shares.
The same considerations apply to what is called an exemption from taxation of
shares of stock of corporations created by other States and owned by citizens of New
York, which it is agreed amount to at least the sum of $250,000,000. It is not pre-
tended, however, that this exemption is based upon the mere will of the legislature of
the State. The courts of New York hold that they are not the proper subjects of tax-
ation in the State of New York, because they have no situs within its territory for that
purpose. Hoyt v. The Commissioners of Taxes, 23 N. Y., 224 ; People, ex rel. etc., v.
The Commissioners, 4 Hun, 595. The objection would be equally good if made to the
non-taxation of real estate qwned by citizens of New York, but not within its limits.
Clearly the property to be taxed under the rule prescribed for the taxation of national-
bank shares must be property which, according to the law of the State, is the subject
of taxation within its jurisdiction.
Upon these grounds, substantially the same as those on which the circuit judge
proceeded, 28 Fed. Rep., 776, we are of opinion that the appellant is not entitled to
the relief prayed for.
The decree of the circuit court is, therefore, affirmed.
CONCLUSION.
1 have the honor to submit in the Appendix, page 165, a summary of
communications received from various parts of the country during the
last year and a half, suggesting modifications of the laws by which, in
the opinion of the writers, the national banking system would be im-
proved and perpetuated.
Upwards of forty plans have been suggested, which are appropri-
ately classed under fi ve propositions, viz :
1. To do away with the note-issuing function of the banks.
U. To increase the inducements for the banks to deposit United States
bonds as a basis of national-bank circulation.
3. To provide by a new issue of bonds for a continuance of the
present or of some modified system of national-bank circulation based
on United States bonds.
4. To substitute some other security for United States bonds de-
posited in the Treasury as a basis for national-bank circulation.
5. To allow the banks to issue circulation upon their general credit,
without requiring specific security to be deposited.
The various suggestions for the deposit of gold and silver as a basis
of circulation have been left out of consideration, because, as they con-
template deposits equal in value to the currency to be issued, they con-
tain no inducement either to the public or to the banks to adopt them,
and, therefore, they are obviously impracticable. The Treasury now
REPORT OF THE COMPTROLLER OF THE CURRENCY. 119
issues gold and silver coin certificates, which answer all the purposes
of such currency.
Among the propositions above stated, that which contemplates main-
taining the national-bank system without any currency feature is hardly
worth considering so long as it is generally conceded that Congress has
no certain authority under the Constitution to charter banks that do
not issue currency.
The fourth proposition, viz, to substitute State, county, and munici
pal securities for United States bonds as a basis of circulation, is subject
to the fatal objection that the power to accept some and reject others
among those securities would have to be lodged somewhere, and as its
exercise would incidentally raise and depress the prices of such securi-
ties, it would be dangerous to adopt any scheme involving the confiding
of such power to any official or any board.
There remain, therefore, but three propositions to be considered as
within the range of probable adoption :
I. — Proposition second, to increase the inducements for the banks to
deposit United States bonds as a basis of national-bank circulation.
II. — Proposition third, to provide by a new issue of bonds for a con-
tinuance of the present or of some modified system of national-bank
circulation based on United States bonds.
III. — Proposition fifth, to allow the banks to issue circulation upon
their general credit without requiring specific security to be deposited.
Before considering these propositions separately, it is important to
observe that the case to be dealt with is that of 3, 001 banks now in full
operation, with bonds to the aggregate amount of $18S,828,000 deposited
in the Treasury, .on which there is outstanding $109,215,067 of circula-
tion.
It is obvious that this fact must exercise a controlling influence upon
the discussion, because it has a paramount bearing upon the two funda-
mental questions, viz:
First, what is practicable, and, secondly, what is expedient ?
A third question may be raised, viz, what is just to the banks 1 But
this question is really merged in the other two, because the relations
between the banks and the public are such as to render any unjust
measure both inexpedient and impracticable.
It must be obvious, on merely looking at the question from this point
of view, that many things that might be practicable or expedient, or
both, if we were now initiating a national-bank system, may be im-
practicable or inexpedient when applied to the existing system.
In discussing the three propositions, therefore, their relative abstract
merits must be regarded as subordinate to the effect thpy will have,
severally, upon existing arrangements.
In order to apply this method of inquiry intelligently and effectively
we must determine, first, wliat is sought to be remedied, and, secondly,
what is sought ta be accomplished beyond merely applying remedial
measures.
Speaking broadly, it ma}r be assumed that remedies are sought, first,
for the present continual reduction in the volume of national-bank cir-
culation, and, secondly, for the obstacles which the scarcity and high
prices of United States bonds present to the formation of new banks,
and to the increase of capital on the part of those already existing.
Beyond remedying these defects in the present law, there is a general
desire to provide a permanent, safe, and popularly acceptable basis for
the continued existence and the future growth of the national-bank
system.
120 REPORT OF THE COMPTROLLER OF THE CURRENCY.
To judge properly whether any measure designed to remedy present,
defects or to accomplish the other ends named is likely to prove both
practicable and expedient, as applied to existing conditions, note must,
be taken of how such a measure will affect banks differently situated,
either geographically or financially, or both, because very great differ-
ences in these respects really exist among the banks, and what would
attract some of them would repel others.
It will be necessary, therefore, to bear in mind that out of the 3,049
banks in operation on October 5 last, 2,150 have $150,000 capital or
less, while among the rest there are 107 banks of which the capital is
$1,000,000 or over, and 6 of which the capital amounts to $3,000,000 or
over.
The 2,150 smaller banks are required by law to hold an amount of
bonds equal to 25 per cent, of their capital, while the others, however
large their capital, need hold but $50,000 of bonds, which is 10 per cent,
on $500,000 capital, 5 per cent, on $1,000,000, and only 1 per cent, on
$5,000,000, a discrimination which lias become more and more unfavor-
able to the smaller banks as the bonds have become scarcer and dearer.
If all banks should be required to hold 25 per cent, of their capital
in bonds, as the smaller banks are, the larger banks would quit the
system, contracting the circulation by nearly $100,000,000, while, on the
other hand, if the minimum of the smaller banks is reduced to, say, 10
per cent, of capital, which is about the average now required of the
larger banks, it is probable that many more banks would be formed and
that some of the small banks would increase their capital.
Having thus before us some of the limitations which encompass the
solution of the problem, let us consider the three propositions in the
order named :
1. To render the holding of United States bonds more profitable to the
banks.
Of course this proposition rests upon the assumption that it is desira-
ble for the banks to bo encouraged or enabled to hold United States
bonds, but this assumption needs to be substantiated. There was a time
when it was important that every possible inducement should be given
the banks to take these bonds, but this time is past, and the ability of
the banks to do as much for the Government in some future emergency
will be greatly increased by their being not only free, but inclined to
dispose of all the bonds they now hold in excess of the minimum re-
quirement. From the point of view of the Government, therefore, a
very important resource in time of future need is curtailed by tire banks
being needlessly holders of United States bonds at a time of profound
peace, and when the credit of the Treasury is at its zenith.
The proposition presents to the banks an aspect varying according
to circumstances. Of course as long as the holding of bonds is obliga-
tory every bank would like to have this holding made more profitable,
but all banks are not situated alike iu regard to the profitableness of
circulation based on bonds. Some banks now hold much larger amounts
of bonds than the law requires, while others profess to be excluded from
the system because the holding of even the minimum is too great a
burden 5 hence it must be inferred that some banks find a profit in such
investments under conditions that inflict loss upon others. If, there-
fore, the holding of these bonds is rendered profitable to the latter class,
the degree of its profitableness to the former class will be proportion-
ately increased. This is stated by way of illustration merely and not
as an objection, because, obviously, if a commensurate public advantage
REPORT OF THE COMPTROLLER OF TIIE CURRENCY. 121
is secured by this augmentation of profit the incidental benefit to some
banks should not be begrudged.
The most important consideration, however, is as to what the gain
would be to the public regarded as distinct from the Government and
the banks. Manifestly the only result that can possibly be claimed as
a public gain would be a probable increase of bank-note circulation
based on bonds, or at least the maintenance of the present volume of
such circulation; hence the question as to the public gain involves the
precedent question whether increasing the profitableness of bonds as
a basis for circulation is likely to increase permanently the volume of
national-bank circulation.
In the case of these bonds, as of other securities of stable intrinsic
value dealt in by the general public, the market price varies directly
and the amount on sale at any given time varies inversely with the
number and means of purchasers, while under normal conditions pur-
chasers vary in number and means according to the profitableness of
the investment. Now, it is demonstrable that it is only the circulation
obtainable upon depositing them in Washington that renders the hold-
ing of United States bonds in any degree profitable to national banks,
while they are sought for and tenaciously held by other investors, who
are excluded from obtaining circulation on them; hence it is probable
that the present tendency to contraction of the national-bank currency
is due to the scarcity and high price of bonds, resulting from the com-
petition between new banks and outside investors for the few bonds on
sale. If this is so, it follows that as the circulation is rendered more
profitable the premium should go higher; and since almost all the bonds
now offered for sale belong to banks reducing their circulation, the sup-
ply on the market will be seriously curtailed by any change of the law
that renders it more profitable to the banks to buy these bonds than to
sell them.
If this reasoning is correct, new banks can gain nothing by such
measures as we are now considering, because, while they will still have
to compete for their bonds with outside investors, they will also remain
exposed to competition with the existing banks that are now able to
get the most profit out of circulation, nor will existing banks generally
be benefited, since there will remain the same disparity as now between
those more and those less favorably situated for holding bonds. This
reasoning carried to its ultimate results, will be found to establish the
proposition that should the holding of bonds be rendered more profit-
able to tbe banks, the whole benefit will accrue to those which find such
investments profitable now, and the only increase of circulation to be
relied upon will be such as these banks may take out in addition to
what they now have, while, per contra, the higher premium will discour-
age the formation of new banks and increase the insecurity now felt as-
to the permanence of the system.
What is desirable from the point of view of those who desire the
banks to increase in number and to expand their circulation is that
bonds shall decline in price, whereas all these plans tend to elevate their
price, because they tend to render the holding of them by banks more
profitable than it is now.
This reasoning applies to all those plans which involve raising the
amount of note issues in proportion to the face of the bonds, taking the
tax off circulation, etc. ; but there would seem to be no objection to
taking the tax off so much of the circulation as rests on the minimum
amount of bonds required by law to be deposited, while such relief
would be eminently just, because this being obligatory it should be
made as little burdensome as possible, and it will chiefly apply to small
122 REPORT OP THE COMPTROLLER OF THE CURRENCY.
banks remote from money centers and which are now required to hold
an amount of bonds greatly exceeding in percentage upon capital the
amount required of larger banks.
The second of the three practicable propositions contravenes the set-
tled policy of Congress, which is to reduce and ultimately to extinguish
the national debt, and therefore not to issue any bonds having remote
maturities. The leading authorities of both political parties, the press
of the country, and the people generally have approved this policy,
and therefore it seems idle to expect legislation to the contrary, even
for the purpose of preserving the banks.
If a suspension of this policy were the sole possible condition of pre-
serving the banks there might be a bare possibility of its consideration,
but no such argument can be sustained.
The last of the feasible projects, viz, proposition fifth, seems to be the
only one containing a general principle under which the national-bank
system may possibly be perpetuated. This principle is that while pre-
serving all the other features of the system the main volume of bank
currency should rest upon the credit and resources of the banks and
not upon the credit of the Government.
All existing banks are entitled to the privilege of issuing circulating
notes to the extent of 90 per cent, of the par of the United States bonds
deposited, and this privilege can not justly be curtailed in any case
without the consent of the bank. It is prudent also, on the part of the
Government, to leave the law unchanged in this respect, for an emer-
gency may hereafter arise when it will be very important to resort to
the measures of 1863 for rallying the banks to the support of the Treas-
ury, and in such a case it would be convenient to have all the machinery
in working order.
On the other hand, there may be good reason why banks which are
now being constrained by various influences to bring their circulation
on bonds down to the minimum, should be accorded the privilege of
issuing currency in addition to that secured by the bonds, if such issues
can be subjected to conditions that will preserve the present high credit
of the national-bank currency.
With the reservation, therefore, that whatever new legislation is pro-
posed should be additional to, and not in repeal of, existing laws as to
the deposit of bonds, whether obligatory or optional, and as to the priv-
ilege of issuing currency to 90 per cent, of such deposits, we may pro-
ceed to the examination of the plans grouped under proposition fifth.
These plans are ten in number, and they may be arranged in sub-
groups according to the basis which they propose for the issue of circu-
lation additional to that which is secured by United States bonds.
This basis varies in the different plans: First, according to the volume
of circulation to be permitted ; second, according to the security under-
lying the bank notes; third, according to the provision made for their
redemption.
The limitation of volume varies in the different plans from 25 per
cent, to 100 per cent, upon capital, but no reasons are assigned in any
case for the percentage proposed. It seems to bo assumed that this is
a matter of either fanciful or purely arbitrary selection.
As to security, there are four distinct propositions :
1. To depend solely upon the present provision of the law which
makes the circulating notes a first lien upon all the assets of a failed
bank.
2. To add to this the requirement that a reserve of 25 per cent, in
lawful money shall be kept on hand by each bank.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 123
3. To create a guaranty fund in the Treasury by devoting to that
object the profit on lost circulation and the gradual accumulation from
an annual tax of 1 per cent.
4. To make the banks mutual guarantors of each other’s issues, the
notes of each bank, however, to constitute a first lien upon its assets.
The provision for redemption varies in this way :
1. An annual tax of 1 per cent., of which the proceeds shall be used
as a redemption fund.
2. The present 5 per cent, redemption deposit.
3. A pro rata assessment on all the issuing banks to whatever
amount experience may indicate as sufficient.
Since all these plans embrace the maintenance of the present pro-
vision that the notes constitute a first lieu upon all the assets of a
failed bank, it is proper to consider this feature first.
The law now makes this lien a security for only the deficiency be-
tween the proceeds of deposited bonds and the outstanding circulation.
!N"o case of such deficiency has, 1 believe, ever arisen, and in the present
state of the market for United States bonds, none is likely to arise;
hence the preference thus secured to note holders over all other credit-
ors of a national bank has never beeu enforced nor has its existence
in the law affected the general credit of these institutions. JSTever hav-
ing had any practical significance it is generally lost sight of.
Obviously it will be very different when a currency is issued not
specially secured at all, and which in every case of insolvency must be
redeemed wholly out of the general assets before these become subject
to the claims of depositors.
The national banks owe their present prosperity entirely to the con-
fidence of the general public, and this confidence is manifested in the
volume of individual deposits, which in the aggregate amount to
$1,250,000,000, or 2^ times the aggregate capital of the banks.
These deposits constitute the chief resource of the banks, and hence
it would be a hazardous thing to introduce into the system any feature
likely to disturb the confidence of depositors.
The issue of preferred notes to the amount of even 25 per cent, of the
capital, the lowest limit proposed, would be a serious matter to deposit-
ors, while such issues to the amount of 50, 75, and 100 per cent, of capi-
tal, as some suggest, would probably cripple fatally the general credit
of the banks with prudent depositors, and in that way their means of
accommodation would be curtailed in a ratio greater than the increase
of such means derived from the additional issues of currency.
It is much more important to the banks as a body to retain and aug-
ment their deposits than to acquire the power to issue more currency,
and the public have even a greater interest than the banks in the pres-
ervation of this condition of things, because the credit that attracts
deposits is always better founded than that which floats currency, and
is also more jealously guarded by the banks enjoying it, and is there-
fore less likely to be abused:
It is, indeed, doubtful whether any really strong and prudent banks
would like to risk their credit with depositors by issuing notes as a first
lien on their assets, and in that case if the proposition led to the estab-
lishment of such a bank currency at all, notes would be issued chiefly
by banks having small deposits and their assets might very easily be
so handled as to constitute a very poor security, even for the preferred
notes. There would certainly be great temptation to a bank to become
speculative when once it had floated all the currency allowed and found
124 REPORT OF THE COMPTROLLER OF THE CURRENCY.
itself free from tlie observation of numerous and vigilant local depos-
itors.
If these views are correct, they would seem to be fatal to all schemes
of establishing a bank currency secured only by a first lien upon all the
assets of the issuing bank, unless some sufficient counterpoise to the
objections can be found among the various suggestions as to a 25 per
cent, reserve, a sinking fund deposited with the Government, the con-
solidation of all issuing banks into one association, etc.
While none of these devices appears to me likely to prove practically
effective in removing the objections, it is probable that considerable di-
versity of opinion will arise on the subject, and as individual views
can not be anticipated, it seems useless to spread the discussion over
the whole field of possible contention. It is important, however, to
bear in mind that any computations as to the proper ratios of reserve
or redemption funds to the volume of currency, which may be drawn
from the history of national-bank circulation, will be misleading, be-
cause the conditions heretofore obtaining will all be changed when, on
the one hand, banks have every temptation to force out circulation, and,
on the other hand, the public acquire the habit of presenting these
notes for redemption every time the general credit of the bank is af-
fected.
In times of panic now, banks have to take care of their depositors
only, the ordinary process of the redemption of notes is not materially
varied, nor is the volume of general currency diminished, but when
there is no special security behind these notes, the case will be very
different ; every rumor of monetary trouble will bring both the note-
holders and the depositors clamoring for payment, and just* when there
is most need of money to pay them with, the currency will be con-
tracted by the discredit of national-bank circulation.
In answer to these general objections to the first lien principle, it may
be said, of course, that the assets of the bank will be increased by the
whole amount of its issue of notes, while now its assets are actually
diminished by the difference between the cost of the bonds and the
circulation received from the Government. This is very true ; and if
those assets were set aside, as the bonds now are, as specific security
for the notes, and if, moreover, they could be always maintained iu a
form as intrinsically valuable and as readily convertible as the bonds
are, the force of the objection would be destroyed ; but no one familiar
with practical banking can really believe that either of these condi-
tions could be maintained iu even a single case, while it is more than
probable that iu most cases they would be disregarded, and the old
adage “easy come, easy go” would receive fresh illustration from
numerous instances in which the facility of uttering currency would
lead, as it did under the old State-bank system, to very lax and specu-
lative methods of employing the resources so obtained.
If the views here submitted are correct, it would appear that no
substitute yet proposed for the present basis of national- bank circula-
tion is sufficiently free from objection to be adopted. The 4-per cent,
bonds will not mature for twenty years; and, apart from other consid-
erations, there is enough in this fact to justify caution and delay in
making any radical change in the basis of circulation. In that time,
no doubt, something acceptable will be devised, but at present all that
seems practicable is to modify the existing law so as to obviate its in-
conveniences, and as a first step toward this end it appears both safe
and wise to reduce the minimum amount of bonds to be kept on deposit..
REPORT OF THE COMPTROLLER OF THE CURRENCY. 125
This is, no doubt, quite a safe step, because capital is no longer at-
tracted to the system or held in it by any profit derived from circula-
tion, or by the prospect of any profit to be made by holding bonds.
These early inducements have beeu replaced by others of a much,
more permanent and satisfactory character. The high credit attaching
to national banks, the business-like methods cultivated in their rela-
tions with the public, and other similar influences developed within the
system itself, constitute a cohesive attraction, which makes it stronger
to-day than it has ever been before. Reducing the minimum require-
ment as to bonds, therefore, can not weaken the system. Concurrently
with the progress of this healthful change in the system itself, the
bonded debt of the United States has been gradually reduced in
amount and refunded at lower rates of interest, while such is the in-
vestment demand that the still outstanding bonds of every class are
constantly becoming scarcer on the market; indeed, there is hardly
any longer a regular market for United States bonds, because they are
held almost entirely either by a limited class of investors, who rarely
care to sell, or by national banks, which in many cases can not sell.
One effect of this condition of things is to make the obligation to
deposit bonds a serious obstacle to the formation of new banks in the
sections where they are most needed, and to the increase of capital on
the part of those banks of which the capital does not already exceed
$150,000.
The public needs and demands a continual increase of banking facil-
ities, and to supply those facilities it is necessary to have not only more
banks, but banks in a greater number of localities, and also some
increase of capital among banks previously established.
The need of such increased facilities is coextensive with the country,
but it is most pressing in those sections where the growth of popula-
tion and the expansion of industry are year by year outstripping the
measure of accommodation afforded by local capital.
To such communities the national-bank system affords opportunities
otherwise unobtainable for bringing to the development of their re-
sources supplies of capital from the remote centers of cheap and abun-
dant money; hence, any obstacles to the growth of this system in our
newer States and Territories is a more serious matter than it is else-
where.
Another effect of the laws as they now stand is to deprive the
national-bank circulation of the little elasticity possible to it, because
the volume of this circulation varies with the amount of bonds held by
the banks, and not only are bonds too scarce and dear to be freely
bought and sold, but the inducement to banks to reduce their holdings
of bonds to the minimum prescribed by law is constaut and of growing
intensity, while there are no inducements to an increase of such hold-
ings; consequently there is neither elasticity nor steadiness in the
volume of bank notes, but only a continuous contraction of circulation
that year by year more than overcomes the annual expansion due to
the formation of new banks, and keeps the public mind in a state of
feverish anxiety, always easily excited into alarm.
Still another effect is to render the banks very sensitive to every step
made towards reducing the bonded debt of the Government.
A striking instance of this occurred lately in connection with the re-
demption of the 3 per cent, bonds. On August 12, 1886, the redemp-
tion of these bonds was resumed, and the last call matured July 1, 1887,
after which date 3 per cent, bonds were no longer available as a basis
of circulation. At the former date the national banks held $103,351,650,
126 REPORT OF THE COMPTROLLER OF THE CURRENCY.
on which their outstanding circulation amounted to $93,010,485, so
that the redemption of the bonds forced the banks either to surrender
circulation to this amount or to replace the 3 percents with bonds ob-
tainable only at a premium.
The progress of this rapid redemption and its effect upon national-
bank circulation are elsewhere described in detail. What is material
in connection with the topic now under consideration is, that while the
unprecedented contraction produced less immediate embarrassment
than it might have done, yet it so disturbed public confidence, and
rendered the banks so nervous, that the annual autumnal monetary
stringency in New York was magnified last September into a portent of
impending disaster, and came near seriously interrupting the indus-
tries of the entire country.
This effect carries with its recognition considerations as to the future,
which are of national importance, because in the autumn of 1891 the
4£ per cent, bonds will become subject to call, and unless precautions
are taken in advance to prevent a recurrence of the disquietude we have
so lately experienced, the anxieties of this year will have been suffered
in vain.
Of those bonds there are now outstanding $230,500,000, and one of
the most important problems of the immediate future is how to deal
with this indebtedness. The conditions of the problem will be mate-
rially simplified if the banks are permitted and induced to gradually
reduce their holdings of 4J percents.
With a view to facilitating the healthy and natural expansion of the
national-bank system, to restoring stability and some degree of elastic-
ity to the circulation based on bonds, and to obviating a recurrence,
with respect to the 4£ per cent, bonds, of the perilous experience of the
last twelve months with respect to the 3 percents, it appears to be
wise to reduce the minimum requirement of bonds; and I respectfully
recommend that it be hereafter fixed at one-tenth of the capital of all
banks of which the capital does not exceed $250,000, and that no bank
shall be required to maintain a deposit of more than $25,000 in bonds f
also that the banks be relieved of taxation upon so much of the circu-
lation issued to them as is represented by the minimum of bonds which
the law requires them to deposit.
This latter recommendation is made chiefly in the interest of the small
country banks, to which every expense is a burden, and which, as a rule,
deposit only the minimum of bonds.
It would seem to be quite proper to tax circulation in excess of that
represented by the minimum of bonds, not for the sake of revenue only,
but because such a tax tends to impart elasticity to the entire volume
of circulation, and because any bank that likes may escape the tax; but
both justice and policy appear to be against a tax on circulation repre-
sented by bonds of which the deposit is obligatory.
The recommendation to reduce the minimum amount of bonds to bo
deposited is supported by the following considerations :
1. As the law now stands, the total amount of bonds required to be
deposited by the 3,049 banks in operation on October 5 is $89,912,347,
while the amount actually on deposit at that date was $189,083,199, or
$99,170,753 more than the minimum requirement.
This excess is distributed as follows: 2,150 banks of $150,000 capital and
under, of which the minimum is $44,902,347, hold actually $79,485,000 —
an excess of $34,522,653 ; 899 banks of over $150,000 capital, of which
the minimum is $44,950,000, hold actually $109,598,100 — an excess of
$64,648,100.
REPORT OP THE COMPTROLLER OF THE CURRENCY. 127
If the proposed change is made the banka in operation on October
5 will stand thus: 2,552 banks with not over $250,000 capital;
minimum^ $26,400,309 ; actual, $110,444,250; excess, $1)0,043,941; 497
banks with over $250,000 capital; minimum, $12,425,000; actual,
$72, 63S, 850; excess, $00,213,850. Total excess, $150,257,791.
Of course it is to be expected that some banks will be prompted by
the change in the law to reduce their circulation, but the magnitude of
this reduction and the rate at which it can be effected will be controlled
by two influences ; first, the provision of law which limits to $3,000,000
the amount of lawful money that may be deposited in any calendar
mouth in order to effect the withdrawal of circulation ; and, secondly,
the decline in the price of the bonds which must attend any sudden and
large increase in the amount offered for sale. Banks will not surrender
circulation except to realize the premium by selling their bonds.
2. While undoubtedly these two influences will effectually prevent
any monetary disturbance, arising from the change in the law, they
will not even obstruct but will materially promote such gradual changes
in the bonds on deposit as will enable the banks to be practically free
from 4£ per cent, bonds by the time these mature in 1891.
The total amount of 44 per cent, bonds held on October 31 as security
for circulation was $09,096,100, and therefore it will only require
changes to the extent of about $17,500,000 annually to render the
banks entirely independent, in four years, of any policy the Treasury
may adopt as to these bonds.
If they are redeemed the nation al- bank circulation will be undimin-
ished by the process of redemption ; if they are refunded on terms ad-
mitting of a profit on circulation, the banks will be in a good positiou
to buy the extended bonds.
3. One effect of a gradual shifting of deposits out of 4J per cent,
bonds will probably be, that as the volume of circulation based on these
bonds becomes reduced, a corresponding decline will be observed in the
sensitiveness of the banks and of the money market to the progress of
redemption of the public debt.
This is a very important consideration, because it is desirable that
when the time arrives for deciding what is to be done with the 4£
per cent, loan, there shall arise neither the apprehension of finan-
cial disturbance nor any strong popular pressure to influence the choice
between payment and extension. From every point of view it is desira-
ble that this choice should turn wholly on the position and prospects of
the public finances.
4. Throughout the whole period of the existence of the national-
bank circulation there never has been a time when the volume of the
outstanding notes has been determined by commercial forces only ; the
operations of the Treasury have always exercised an abnormal and a
disturbing influence, and reciprocally the state of the currency has con-
stantly fettered the operations of the Treasury. If the proposed change
in the law tends even in the least degree to release the Treasury and
the currency from this unnecessary and harassing interdependence, it
will be a great public gain.
5. Once free from the disturbing cause referred to, there is no reason
why the volume of national-bank currency should not soon find its nat-
ural centre of oscillation ; that is, the point above and below which its
normal movements of increase and decline would conform to the vary-
ing needs of the commercial and other industries of the country.
From the stand point of these industries, elasticity is more important
than quantity in the currency; their interests are better subserved by
128 REPORT OF THE .COMPTROLLER OF THE CURRENCY,
a currency so elastic in volume as to respond immediately to variations
in the demand for it, than by a great volume of money rigid in amount.
Elasticity in the volume of the currency supplies to commercial opera-
tions what springs and a smooth road supply to transportation. In
each case more can be accomplished with less wear and tear and less
breakage than is possible when these conditions are wanting.
G. A reduction iu the amount of bonds which the banks are required
to have on deposit will prepare the way for a change in the basis of
circulation, in case such change may hereafter seem expedient. As
long as the law compels the smaller banks to invest more than one-
fourth of their capital in bonds (counting iu the premium), it may be
unjust to them to permit circulation to be issued upon any other
security, for only the large banks could then get the full benefit of such
permission ; but 10 per cent, of capital invested iu bonds will not be a
serious impediment even to banks of $50,000 capital getting their fair
share of any privileges as to circulation that may hereafter be deter-
mined upon.
7. It should be observed, finally, that owing to the two retarding
influences already referred to, the results here suggested can be
accomplished only during a considerable lapse of time, and of course,
in the interval, unforeseen conditions may arise and unexpected influ-
ences may modify or reverse the tendencies now existing ; but it does
not seem possible that any change of conditions or of tendencies can
cause embarrassment to the banks or to the public fairly chargeable to
the proposed change in the law.
W. L. Trenholm,
Comptroller of the Currency.
The Speaker of the House of Eepresentatives.
ABSTRACT OF REPORTS OF THE NATIONAL RANKING ASSOCIATIONS OF THE UNITED STATES, SHOWING THEIR CONDITION AT THE CLOSE OF BUSINESS ON WEDNESDAY, THE 5TH DAY OF OCTOBER I
147,fli o:
Tw »l T5.«oT»
IT. J13, (M 3» M. tsTIi
<#770— Kept. Comp. Currrncj.
APPENDIX.
8770 cur 87 9
129
/
A DIGEST OF NATIONAL-DANK CASES.
CONTENTS*
I. Constitutional law.
(1) Powers of Congress ; (2) Powers of the States.
II. Powers and liabilities of national banking associations.
(1) Implied powers ; (2) As to collateral securities; (3) Special deposits ; (4)
Government securities; 15) Certified check; (6) Purchasing check; (7)
Stocks; (8) Deposits to secure performance of contracts ; (9) Loans in ex-
cess of one-tenth capital ; (10) Real estate; (11) Certificates of deposits;
(12) Lien on dividends; (13) Contracts and obligations of old corporation;
(14) Place of business ; (15) Circulating notes ; (16) Business of liquidat-
ing association.
III. Ultra vires. '
(1) Dealing in stocks; (2) Purchasing negotiable paper ; (3) Lending credit ;
(4) Mortgages on real estate ; (5) "When association cannot set up want of
power.
IV. Stock.
(1) Purchasing its own stock ; (2) Liens on stock ; (3) May be attached ; (4)
Capital set free belongs to shareholders ; (5) Contracts to give shares for
business ; ((5) Transfer of stock ; (7) Subscriptions to increase of capital
stock ; (8) Specific performance of contract to sell.
V. Shareholders.
(1) Estopped to deny incorporations ; (2) Individual liability.
VI. Officers. •
(1) Tenure of office ; (2) Bonds of officers ; (3) Directors must act as a board ;
(4) Borrowing of association; (5) Liability for violations of law; (6)
Directors of converted banks ; (7) Retirement of directors.
VII. Interest.
I
(1) What interest associations may take ; (2) On claims against insolvent and
liquidating associations ; (3) Usury.
VIII. Insolvent associations.
(1) Not subject to bankrupt act ; (2) What constitutes insolvency ; (3) Assets
a trust fund; (4) United States has no priority; (5) Claims for torts; (6)
Preferences; (7) Basis for estimation of dividends; (8) Set-off.
IX. Receivers.
(1) Officer of the United States ; (2) Whom he represents ; (3) How far subject
to Comptroller’s orders ; (4) Power of courts to appoint ; (5) Debtors of
association can not question legality of appointments; (6) Receiver’s decis-
ion not final; (7) Sale by; (8; Contracts of; (9) Expenses of receivership
for association which has gone into liquidation.
X. Taxation.
(1) What may be taxed ; (2) Rate ; (3) Valuation ; (4) Exemptions; (5) Collec-
tion of tax from association; (6) License tax; (7) Powers of taxing offi-
cers; (8) Enforcement of taxes; (9) Location of association for taxing
purposes.
•Cases which turned upon a peculiar state of facts, and many which but reiterate settled princi-
ples, have been omitted ; also, a few which' are reported so badly or so meagerly that the precise
points decided do not clearly appear.
132 REPORT OF THE COMPTROLLER OF THE CURRENCY.
XI. Jurisdiction.
(1) Jurisdiction of Federal courts prior to the act of July 12, 1882 ; (2) Jurisdic-
tion of Federal courts subsequent to act of July 12, 1882; (3) Jurisdic-
tion of State courts ; (4) United States cau uot be subjected to jurisdiction
of court; (5) Citizenship.
XII. Suits.
(1) By and against associations; (2) By shareholders ; (3) By receivers ; (4) By
creditors of insolvent association ; (5) For usury; (6) To enforce liability
of shareholders; (7) Execution; (8) Attachments; (9) Abatement; (10)
Estoppel; (11) Suits against liquidating associations; ( 12) Transitory and
local suits; (13) Survival of suits.
XIII. Evidence.
(1) Certificates of Comptroller; (2) Evidence of insolvency; (3) Necessity for
assessment by Comptroller.
XIV. Crimes.
(1) Under United States laws; (2) Under State laws; (3) Term “ United States
currency ” in penal statutes.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
133
I. CONSTITUTIONAL LAW.
1. Powers of Congress:
(a) Congress has the constitutional power to incorporate banks. ( McCulloch v.
Maryland, 4 Wheat., 316 ; Osborn v. Bank of the United Stales, 9 Wheat., 738.)
(b) Congress has power to clothe natioual banking associations, as to their
contracts and dealings with the world, with any special immunities and
privileges exempting them, in their trade and intercourse with others, from
the laws and remedies applicable in like cases to other citizens. ( The Chesa-
peake Bank v. The First National Bank of Baltimore, 40 Md., 269.)
(c) Thus, the provision of the banking law that no attachment, injunction, or
execution shall issue against a national banking association before final
judgment in any suit, action, or proceeding in a State court is constitutional.
(Ibid.)
(d) The tax imposed on State or national banks paying out the notes of indi-
viduals or State banks used for circulation is constitutional. ( Veazie Bank
v. Fenno, 8 Wall., 533.)
(e) So is the tax imposed on them for paying out the circulating notes of mu-
nicipal corporations. (Merchants' National Bank of Little Iiock v. United
States, 101 U. S., 1.')
(/) Such a tax is not a direct tax within the meaning of the clause of the Con-
stitution, which declares that “ direct taxes shall be apportioned among
the several States, according to their respective numbers.” ( Veazie Bank v.
Fenno, and Merchants' National Bank of Little Bock v. United States, supra.)
(g) Congress having, in the exercise of undisputed constitutional powers, under-
taken to provide a currency for the whole country, may secure the benefit
of it to the people by appropriate legislation. ( Peazic Bank v. Fenno, supra. )
(li) Congress has the power to divest the United States courts of their juris-
diction of suits by or against national banking associations. (National Bank
of Jefferson v. Fare et al., U. S. C. C. (E. I). Texas), 25 Fed. Bep., 209.)
2. Powers of the States:
(a) National banking associations, being instruments designed to aid the Gov
ernment in the administration of a branch of the public service, can not be
controlled by the States, except in so far as Congress may see proper to per-
mit. ( Farmers and Mechanics' Bank v. Bearing, 91 U. S., 29.)
(b) No authority from the State is necessary to enable a State bank to convert
itself into a national banking association. (Casey v. Galli, 94 U. S., 673.)
(c) National banking associations located outside of a State are subject to its
restraining acts prohibiting all corporations, not authorized by the law of
the State, from keeping therein offices for the purpose of discount and de-
posit. (National Bank of Fairhaven v. The Phoenix Warehousing Company, 6
Hun, 71. )
(d) It is competent for a State by penal enactments to protect its citizens in
their dealings with national banking associations located within the State.
(State v. Fuller, 34 Conn., 280; see also Taxation and Jurisdiction.)
II. POWERS AND LIABILITIES.
1. Implied powers:
To the enumerated powersof national banking associations are to besuperadded
all the powers incidental to the business of banking. (Pattison v. Syracuse
National Bank, 80 N. Y., 82.)
2. As TO COLLATERAL SECURITIES:
(a) A natioual banking association may take stock of a corporation as collat-
eral security for n loan. (Shoemaker v. The National Mechanics* Bank , 2 Abo.
U. s., 416 {Canfield v. The State National Bank of Minneapolis, U. S. C. C.
( Dist. Minn ), 1 Northwestern Beporter, 173.)
(b) And it may take for such purpose the stock of another natioual banking as-
sociation. (National Bank v. Case, 99 U. S., 628.)
Note. — But this point was not necessary to the decision of the case.
134 REPORT OF THE COMPTROLLER OF THE CURRENCY.
2. As TO collateral securities — Continued.
(<■) A national banking association may take a pledge of personal chattels as
security for a loan. ( Pittsburgh Locomotive and Car Works v. State National
Bank of Keokuk, U. S. C. C. ( Eighth Circuit, 1875), 2 Cent. L. J., 092.)
(d) A national banking association may take as security for a loan the indorse-
ment of a married woman, charging her separate estate. Such security is
to be treated as personal security, within the meaning of the banking law,
and not as a mortgage. ( Third National Bo,nk v. Blake, 73 N. ¥., 2(10.)
(c) A national banking association may take as collateral security for a loan
a warehouse receipt for merchandise. ( Cleveland, Brown cf Co. v. Shoeman,
40 Ohio St., 176. )
(/) A national banking association may take as security for a loan the stock of
a corporation whose entire capital is vested in real estate. Such a loan
does not amount to a lending upon mortgage. ( Baldwin v. Canfield, 26
Minn., 43.)
(g) An agreement by a natioual banking association to the effect that, in case
a note discounted by it shall not be paid, a mortgage given by the maker
•to his indorser shall inure to the benelit of the association, is not inhibited
by the national banking law. ( First National Bank v. Haire, 36 Iowa, 443 ;
see also National Bank v. Matthews, 98 U. S., 621.)
(h) A national banking association having taken a mortgage on real estate to
secure a debt previously contracted may, in order to protect itself, pay off
a prior lien on the said real estate; and the lien which it thus acquires it
may enforce. ( Ornn v. Merchants’ National Bank, 16 Bans., 341 ; Holmes v.
Boyd, 90 Ind., 332.)
(i) Where a national banking association has taken collaterals to secure a loan,
and, after the loan has been repaid, holds them to secure future advances,
it is not a gratuitous bailee ; and it is responsible for the loss of such col-
laterals occasioned by its lack of ordinary care and diligence, though at
the time the bailor was not indebted to it. ( Third National Bank of Balti-
more v. Boyd, 44 Md., 47.)
3. Special deposits :
(a) A national banking association may receive special deposits. The provis-
ion in section 5228, Revised Statutes, authorizing an association “ to deliver
special deposits” implies that it may receive them as a part of its legitimate
business; and this implication is as effectual as an express declaration to
the same effect would have been. ( National Bank v. Graham, 100 U. S. , 699. )
(b) Natioual banking associations have power to receive special depositseither
yratuitously or otherwise. ( Pattison v. Syracuse National Bank, 80 N. Y., 82.)
(c) But the executive officers of an .association can not bind it as a gratuitQ'w
bailee, unless they have a special authority from the board of directors so
to do, or there exists a general custom or usage to that effect. ( First Na-
tional Bank of Lyons v. Ocean National Bank, 60 N. F., 278.)
4. Government securities:
(«.) National banking associations can engage in the business of dealing in and
exchanging Government securities. ( Van Leuven v. First National Bank, 54
N. Y., 671 ; Yerkes v. National Bank of Fort Jervis, 69 N. Y., 383; Leach v.
Hale, 31 Iowa, 69.)
(b) And where an association receives United States bonds of one class for the
purpose of having them converted into bonds of another class, it is not a
mere mandatary, but is responsible for the failure to deliver the bonds on
demand. ( Leach v. Hale, supra.)
5. Certified check :
A national banking association may “ certify ” a check. A “certified” check
is not within the meaning of section 5183, Revised Statutes, which prohib-
its the issuing of post-notes or any notes to circulate as money other than
such as are authorized by the national banking law. ( Merchants’ National
Bank v. State National Bank, 10 Wall., 604.)
6. Purchasing check :
A national bank may buy a check drawn upon another bank ; and whether the
check is payable to order or to bearer is immaterial. ( First National Bank
of Rochester v. Harris, 10 8 Mass., 514.)
7. Stocks :
(a) A national banking association, in tho compromise of a claim growing out
of its legitimate business, may take railroad stock. (First National Bank
of Charlotte x. National Exchange Bank of Baltimore, 92 U. S., 122.)
REPORT OF TIIE COMPTROLLER OF THE CURRENCY.
135
7. Stocks— Continued. •
(ft) And when necessary to do so, it may pay the difference between the value
of the stock and the amount of the claim. ( Ibid .)
(c) A national banking association may take and hold the coupons of munici-
pal bonds, and may maintain actions thereon. (First National Bank of North
Bennington v. Town of Bennington, U. S. C. C. ( Diet . Ft.), Browne's N. B.
Cas., 437 ; see also Lyons v. Lyons National Bank, 19 Hatch., 279.)
8. Deposits to secure performance of contract:
A national banking association may receive a deposit to bo held by it as secu-
rity for the faithful performance of a contract between the depositor and
another. ( Bushnell v. The Chautauqua County National Bank, 10 I Bin, 378.)
Note. — But the court put the decision upon the farther ground that even were
the contract ultra vires, the association, having received the deposit, was
estopped from setting up its want of power.
9. Loans in excess of one-tenth capital:
(a) Sec. 5200, Revised Statutes, which provides that the total liabilities to
any association of any person, etc., shall not exceed one-tenth part of the
capital stock paid in, was intended only for the guidance of the associa-
tion, and, though its franchises may be liable to forfeiture for violation of
the law, the association may recover of the borrower the full amount of
the loan. (Gold Mining Company v. Rocky Mountain National Bank, 96 U. S.,
640; O’ Harev. Second National Bank of Titusville, 77 Penn. St., 96; Shoemaker
v. The National Mechanics' Bank, 2 Abb. U. S., 416 ; Stewart v. National Union
Bank of Maryland, 2 Abb. U. S., 424.)
(ft) A note is not illegal because at the time it was discounted by the associa-
tion the maker was indebted to the association in a sum equal to more than
one-tenth part of its capital. ( O' Hare v. Second National Bank of Titusville,
supra.)
(c) And a court of equity will not enjoin an association, at the instance of the
borrower, from transferring to innocent third persons notes and securities,
on the ground that the notes represent part of a loan made in excess of 10
per cent, of the capital of the association. (Elder v. First National Bank of
Ottawa, 12 Eans., 238.)
(d) Where a State bank makes a loan to one person of an amount in excess of
one-tenth part of its capital, and is afterward converted into a national
bank, it may, after conversion, extend the time for payment of such loan
without violating section 5200, Revised Statutes. (Allen v. The First Na-
tional Bank of Xenia, 23 Ohio St., 97.)
10. Real estate :
(a) Where a national banking association acquires real estate which it is not
authorized to take, the conveyance to it is not void, but only voidable.
And the title of the association to such real estate is good until assailed
in a direct proceeding by the Government. (Reynolds v. Craivfordsville Bank,
112 U. S., 405; see also National Bank v. Matthews, 98 U. S., 621 ; National
Bank v. Whitney, 103 U. S., 99 ; Swope v. Leffingwell, 105 U. S., 3 ; Fortier v.
New Orleans Bank, 112 U. S., 439.)
(ft) The amount of real estate which a national banking association may pur-
chase to secure a pre-existing debt is not limited to the exact amount of
the debt, but as much may be purchased as is necessary to secure the debt
due, so long as the security of such debt is the real object of the purchase.
( Upton v. National Bank of South Reading, 120 Mass., i53.)
(c) Where the purpose is to secure a debt previously contracted, a national
banking association may take a conveyance of real estate worth more than
the debt, and pay the difference between the debt and tho value of the
property. (Libby v. Union National Bank, 99 III., 622.)
(d) Where a national banking association sells real estate it may take a mort-
gage thereon to secure the payment of the purchase-money. (New Orleans
National Bank v. Raymond, 29 La. Ann., 355.)
11. Certificates of deposit :
National banking associations may issue certificates of deposit. Such certifi-
cates are not post-notes within the prohibition of section 5183, Revised
Statuses. (Hunt v. Appellant, Supreme Court of Mass., May 7, 1886 ; Riddle
v. First National Bank, U. S. C. C. (W. D. Penn.), 27 Fed. Rep., 503.)
12. Lien on dividends :
An association has an equitable lien upon dividends declared for any just debt
due to it from the shareholders. (Hager v. Union National Bank, 63 Me.,
509.)
136 REPORT OF THE COMPTROLLER OF THE CURRENCY.
13. Contracts and obligations of old corporation :
(a) Where a State bank has been converted iuto a natioual banking associa-
tion i J'Siay enforce all contracts made with it while a State corporation.
( City National Bank v. Phelps, 97 N. Y., 44.)
(h) And it is liable, aft er the conversion, for all the obligations of the old insti-
tution. ( Coffee v. The National Bank of Missouri, 46 Mo., 140; Kelsey v. The
National Bank of Cranford, 69 Penn. St., 426.)
(c) A national banking association organized as the successor of a State bank
may take and hold, the assets of the bank whose place it takes, though there
was not in form a conversion from a State to a national corporation, but
the organization of a new corporation. ( Bank v. Mclntire, 40 Ohio St., 528.)
(d) And such association will be liable to the depositors of the former bank.
{Bans v. Exchange Bank, 79 Mo., 182.)
14. Place of business :
( a ) The provision requiring “the usual business” of the association to be trans-
acted “ at an office or banking-house in the place specified in its organization
certificate” must be construed reasonably; and a part of the legitimate
businessof the association which can not be transacted at the banking-house
may be done elsewhere. ( Merchants' Bank v. State Bank, 10 Wall., 604.)
(b) Although the general business of a national banking association is to be
transacted at its place of business, yet, if the association is fully advised of
the facts, and does rot object, and there is no fraud, its officers, when act-
ing within the general scope of their authority, may bind it by acts done
at another place. ( Burton v. Burley, 9 Biss., 253.)
15. Circulating notes :
The circulating notes of a national banking association are valid, though they
do not bear the imprint of the seal of the Treasury. Such imprint was
intended to be simp]y evidence of the contract, and forms no part of the
contract itself. ( TNtited States v. Bennett, 17 Blatch., 357.)
16. Business of liquidating association :
After an association goes into liquidation there is no authority on the part of
its officers to transact any business in its name so as to bind its share-
holders, except that which is implied in the duty of liquidation, unless
such authority has been expressly conferred by the shareholders.- (Rich-
mond v. Irons, 121 U. S., 27.)
III. ULTRA VIRES.
1. Dealing in stocks:
(a) A national banking association is not authorized to act as a broker or agent
in the purchase of bonds and stocks. (First National Bank of Allentown v.
Jloch, 89 Penn St.. 324 ; Weclder v. The First National Bank of Hagerstown,
42 Md., 581.)
(h) A national banking association can not deal in stocks. The prohibition is
to be implied from the failure to grant the power. (First National Bank v.
National Exchange Bank, 92 17. S., 122.)
Note. — But see as to its power to deal in Government securities, Powers, 4.
2. Purchasing negotiable paper :
A national banking association can not purchase negotiable paper. (Lazear v.
National Union Bank of Baltimore, 52 Md. , 78 ; P'irst National Bank of Rochester
v. Pierson, 24 Minn., 140; see also Farmers and Mechanics ’ Bank v. Baldwin,
23 Minn., 198. But see Smith v. The Exchange Bank of Pittsburgh, 26 Ohio
St., 141.)
3. Lending credit:
(a) A national banking association can not lend its credit. (Johnston v. Char-
lottesville National Bank, 3 Hughes, 657; Scligman v. Charlottesville National
Bank, 3 Hughes, 647.)
(b) A national banking association can not guaranty the paper of a customer
for his accommodation. (Scligman v. Charlottesville National Bank, supra.)
(c) The accommodation paper of a national banking association is void in the
hands of one who takes it with knowledge of its character. (Johnston v.
Charlottesville National Bank, supra.)
4. Mortgages on real estate:
(a) National banking associations are by implication prohibited from taking
mortgages on real estate as security for contemporaneous loans. (National
REPORT OF THE COMPTROLLER OF THE CURRENCY. 137
1. Mortgages on heal estate — Continued.
Ba nl; v. Matthews, 98 U. S., 621 ; Fowler v. Scully, 72 Penn. St., 456; Kansas
Valley National Bank v. Howell, 2 Dill., 371 ; Commonwealth Bank v. Clark,
4 Mo., 59 ; Crocker v. Whitney, 71 N. Y. , 161 ; Fridley v. Bowen, 87 III., 151.)
( 1> ) But where such security has been taken, no one but the Government can be
heard to complain that the association has exceeded its powers. ( National
Bank v. Matthews, supra ; National Bank v. Whitney, 103 U. S. , 99 ; Swope v.
Leffingwell, 105 U. S., 3 ; Reynolds v. National Bank, 112 U. S., 405 ; Fortier v.
National Bank, 112, U. S. , 439.)
Note. — These decisions overrule, on this point, Kansas Valley National Bank
v. Howell, 2 Dill., 371 ; Crocker v. Whitney, supra; Fowler v. Scully, supra;
Matthews v. Skinker, 62 Mo., 329 ; Woods v. People's National Bank of Pitts-
burgh, 83 Penn. St., 57 ; Fridley v. Bowen, supra.
5. When association can not set up want of power :
Where a national banking association has entered into a contract which it was
not authorized to make, a party who has enjoyed the benefit of such con-
tract can not question its validity. ( Casey v. La Society de Credit Mobilier,
2 Woods, 77 ; German National Bank v. Meadowcroft, 95 III. . 124.)
IV. STOCK.
1. Purchasing its own stock :
Whero a national banking association purchases shares of its own stock, and
divides them among its directors, to whom the shares are transferred upon
the stock books, the transaction is void, and no title passes. ( Meyers v.
Valley National Bank, U. S. D. C. ( E . Dist. Mo.), 13 National Bankruptcy
Register, 34.)
2. Liens on stock :
(a) A national banking association can not acquire a lien on the stock of a
shareholder. And a by-law prohibiting a transfer until all liabilities of
the shareholder to the association are discharged, or a pi’ovision to that
effect in the certificates of stock, is void. ( Bullard v. National Bank, 18
Wall., 589 ; Bank v. Lanier, 11 Wall., 369 ; Conklin v. The Second National
Bank, 45 N. Y., 655.)
( b ) A national banking association can not take a pledge of its stock to secure
a deposit made by it with another bank. Such a transaction amounts to
a lending upon the security of its own shares. ( Bank v. Lanier, supra.)
(c) Though a bank is prohibited fiom lending money upon the security of its
own shares, yet if the shares have been sold and the proceeds applied to the
payment of the debt, the courts will not aid the shareholder to recover the
value of the shares. He can dispute the validity of the transaction only
while the contract is executory, and the security still subsists in the pos-
session of the bank. ( National Bank of Xenia v. Stewart, 107 U. S., 676.)
3. May be attached :
The stock of a shareholder indebted to it may be attached by the association
and sold on execution. ( Kagar v. Union National Bank, 63 Me., 509.)
4. Capital set free belongs to shareholders :
When a national banking association reduces its capital stock the amount of
capital thus released belongs to the shareholders pro rata, and must be
returned to them ; and it can not be retained by the association for a sur-
plus. ( Seeley v. New York National Exchange Bank, 8 Daly, 400 ; s. c., 4 Abb.
N. C., 61 ; affirmed, 78 N. Y., 608.)
5. Contracts to give shares for business :
Where an association has made or ratified a contract to give a person a certain
number of the shares of its stock, upon condition that he will continue to
do his business with it, and derives the benefit from this contract, the other
party may recover of the association the value of the shares. ( Rich v. State
National Bank of Lincoln, 7 Ncbr., 231.)
6. Transfer of stock :
(a) The transfer of shares in national banking associations is not governed by
different rules from those which are ordinarily applied to the transfer of
shares in other corporate bodies. (Johnson v. Laflin, 103 U. S. , 800. )
(b) The entry of the transaction in the books of the association is required, not
for the translation of the title, but for the protection of the parties, aud
others dealing with the association, and to enable it to know who are its
stockholders. (Ibid.)
138 REPORT OF THE COMPTROLLER OF THE CURRENCY.
6. Transfer of Stock— Continued.
(e) A shareholder in a national bank, while it is a going concern, has the abso-
lute right, in the absence of fraud, to make a bona tide and actual sale and
transfer of his shares, at any time, to any person capable in law of pur-
chasing and holding the same, and of assuming the transferrer’s liabili ties
in respect thereto ; and this right is not, in such cases, subject to the con-
trol of the directors or other stockholders. ( Jchnsonv . Lajlin, 5 Dill, 65.)
(d) Under tho pretense of prescribing the manner thereof, an association can
not clog the transfer with useless restrictions. ( Johnson v. Lajlin , supra. )
(e) When a shareholder, acting in good faith, delivers his certificates of stock,
with a blank power of attorney for making the transfer, and receives the
purchase-money, the sale is complete and the title passes. (Ibid.)
(/) Where a cashier, who is intrusted by the directors with the duty of trans-
ferring the stock of the association, refuses, for insufficient reasons, to
transfer shares, and the association subsequently becomes insolvent, the
owner of the snares may maintain an action against the receiver for the
injury sustained. ( Case v. Citizens’ Bank, 100 V. S., 446.)
(g) Where a shareholder who has sold his stock has delivered to the bank the
certificates of stock and a power of attorney with the request that the
transfer be made upon the books of the bank, and has had no reason to
suppose that such transfer was not made, he will not, should the bank af-
terward become insolvent, be held liable as a shareholder, although he
still appears as such on the books of the bank. ( Whitney v. Butler, 118 U.
S., 655.)
(h) But where the president of the bank is himself the purchaser of the stock
then the delivery of the certificates and power of attorney to him with the
request to make the transfer upon the books of the bank would not be suf-
ficient to discharge the seller from liability as a stockholder. ( Richmond
v. Irons 121 V. S., 27.)
7. Subscriptions to increase of capital stock :
(a) Where one subscribes for shares in the increase of the capital of a national
banking association in a certain amount, such subscription and payment
are upon the implied condition that the increase shall be in the exact
amount so fixed ; and if such amount is changed, the subscriber may avoid
the subscription and recover the amount paid in. ( Eaton v. Pacific Bank,
144 Mass., 260.)
(b) And the certificate of the Comptroller of the Currency that the amount of the
increase in another sum has been paid in, which amount includes what was
paid by the dissenting subscriber, will not be conclusive upon such sub-
scriber. (Ibid.)
(c) But if such subscriber has assented to or ratified the change he will be held
a shareholder. (Delano v. Butler, 118 U. S., 634.)
8. Specific performance of contract to sell:
A specific performance of a contract to sell the stock of a national banking as-
sociation will not be enforced in favor of a purchaser who places his claim
for equitable relief upon the ground that ho desires to obtain control of tho
association. Such an object is contrary to public policy. (Foil’s Appeal,
81 Penn. St., 434.)
V. SHAREHOLDERS.
1. Estopped to deny incorporation:
A shareholder who has held himself out to the world as such is estopped to deny
that the association was legally incorporated. ( Casey v. Galli, 94 U. S., 673 ;
Wheelock v. Kost, 77 III., 296.)
2. Individual liability :
(a) The question whether there is a deficiency of assets, and when it is neces-
sary to enforce the individual liability of shareholders, is for the Comp-
troller to determine ; and his decision in this matter is final and conclusive.
(Kennedy v. Gibson, 8 Wall., 408; National Bank v. Case, 00 U. S. ,028 ; Casey
v. Galli', 94 JJ. S., 673.)
(b) The amount contributed by each shareholder should bear the same propor-
tion to the whole amount of the deficit as his own stock boars to the whole
amount of the capital stock at its par value. And the solvent shareholders
can not be made to contribute more than their proportion to make good the
deficiency caused by the insolvency of other shareholders. ( United Stales v.
Knox, 102 U. S., 422.)
REPORT OF THE COMPTROLLER OF THE CURRENCY. 139
Individual liability — Continued.
(c) A shareholder who disposes of his stock will continue to bo liable thereon
until the transfer is noted on the books of tho association. (Bowdell v.
Farmers and Merchants’ National Bank of Baltimore, U. S. C. C. (D. Md., 1877),
Browne' 8 N. B. Cas., 147.)
(d) Tho individual liability of a shareholder adheres to his estate after his death
until his place as a member of the association is taken by some new share-
holder. (Haris v. Weed, TJ. S. D. C. ( Dist . Conn.), reported 44 Conn., 5119.)
(c) The receiver has a valid claim against the estate generally of a deceased
shareholder who died prior to the insolvency of the bauk, but whose stock
has not been transferred. ( Richmond v. Irons, 121 U. S., 27 ; Davis v. Weed,
supra.)
(/) And the fact that the title to the stock of a deceased shareholder yests in
his administrator does not relieve the estate from the burden of an assess-
ment. (Davis v. Weed, supra.)
( g ) Nor will the fact that tho administration is complete, and all the assets
have been distributed, defeat an action brought to recover the assessment.
(Ibid. But see Witters v. Sondes.)
( h ) One who appears on the books of the association as the owner of shares of
its stock is individually liable, though he hold the stock merely as collateral
security. (National Bank v. Case, 99 U. S., 628; Moore v. Jones, 3 Woods,
53; Bowdell v. Farmers and Merchants’ National Bank of Baltimore, supra ;
Halev. Walker, 31 Iowa, 344; Wheelock v. Kost, supra.)
(i) But where a pledgee, for the express purpose of avoiding a personal liabil-
ity, and before the association becomes insolvent, or is in danger of insolv-
ency, transfers the stock to an irresponsible person, he, tho pledgee, will
not be liable to contribute as a shareholder. (Anderson v. Warehouse Com-
pany, 111 U. S., 479.)
(j) And where stock has been transferred as collateral security for a loan, iviih
the understanding that in case of default in the payment of the loan the shares
shall he sold, the transferee, upon default made, and before the bank closes
its doors, may sell the stock for a nominal consideration, though his pur-
pose be to avoid a personal liability; and such a transaction can not be set
aside as a fraud upon the creditors of the association. (Magruder v. Colston,
44 Md., 349.)
Note. — The court put the decision upon the ground that the sale was in pur-
suance of a stipulation which formed a part of the contract botween the
original owner and his transferee. See also Holyoke Bank v. Burnham, 11
Cush., 187, upon the authority of which the Maryland case was decided.
(k) If the trusteeship of one who holds stock in trust does not appear upon the
books of the association he will bo individually liable. (Davis v. Essex
Baptist Society, TJ. S. D. C. (Dist. Conn.), reported 44 Conn., 582.)
(l) A transfer of shares for the purpose of avoiding liability, though made
“out and out,” is void. (National Bank v. Case, supra ; Bowden v. Santos,
1 Hughes, 158.)
(m) And where a shareholder, who has knowledge of the insolvent condition of
the bank, transfers his shares, without consideration, to a person unable to
respond to the assessment, the transfer may be set aside and the individual
liability of the transferer enforced. (Bowden v. Johnson, 107 TJ. S., 251.)
(m) The real owner of the stock is liable as a stockholder, though when he pur-
chased the stock he had it transferred upon the books to another. (Davis
v. Stevens, 17 Blatch., 259.)
Note. — The case of the owner of stock is thus different from that of a
pledgee. (See Anderson v. Warehouse Company, supra.)
(o) Where shareholders have assessed themselves to the amount of the par value
of the stock for the purpose of restoring impaired capital, the contributions
made in pursuance of such assessment, though all used in paying the debts
of the association, will not so operate as to discharge the shareholders from
their individual liability. (Delano v. Butler, 118 U. S., 634.)
(p) The individual liability of the shareholders of an insolvent association may
be enforced for the purpose of paying all of its liabilities, and not merely
for the purpose of paying its “ debts,” technically so called. (Stanton v.
Wilkeson, 8 Ben., 357.)
(q) The individual liability of the stockholders must be restricted in its mean-
ing to such contracts, debts, and engagements of the association as have
been duly contracted in the ordinary course of its business. And, there-
fore, creditors of an association who make settlements after the association is
put into liquidation and receive from the president payment of their claims
in paper of the association, or the individual notes of the president himself,
140 REPORT OF THE COMPTROLLER OF THE CURRENCY.
2. Individual liability — Continued.
indorsed or guaranteed in the name of the association, are not to he con-
sidered as creditors of the association entitled to subject the stockholders
to individual liability; for these are new contracts. {Richmond v. Irons,
121 U. S., 27.)
VI. OFFICERS.
1. Tenure of office:
( a ) The officers of a national banking association can hold their positions only
by the tenure specified in section 5138, Revised Statutes, viz, the pleasure
of the board of directors. ( Harrington v. First National Bank of Chittenango ,
S. C. N. 1873 ; Thomp. N. B. Cas., 781 ; see also Taylor v. Hutton, 43 Barb.,
• 195.)
(Z>) Directors of national banking associations may remove the president, both
under the law of Congress and the articles of association, where the latter
so provide. The power exists though the association has adopted no by-
laws. {Taylor v. Hutton, supra.)
2. Bonds of officers :
{a) It is not necessary that national banking associations shall signify their ap-
proval of the official bonds of their officers by memoranda entered upon the
journals or minutes of the directors. The acceptance is to be presumed
from the retention of the bond, and from the fact that the officer is permit-
ted to enter upon or continue in the discharge of his duties. {Grover v. The
Lebanon National Bank, 10 Bush, 23.)
lb) Where the sureties of an officer can reasonably be presumed to have been
deceived by the statement of the condition of the bank published j ust prior
to the execution of the bond, and to have been led to think that there was
no deficit, whereas there had been a misapplication of a large part of the ‘
funds by the officer whose bondsmen they became, which fact ■would have
been ascertained had the directors exercised ordinary diligence, the sureties
are discharged from their liability. {Grover v. The Lebanon National Bank,
supra.)
3. Directors must act as a board :
The election of an individual as a director docs not constitute him an agent
of the corporation with authority to act separately and independently
of his fellow members. It is the board duly convened and acting as a unit
that is made the representative of the association. The assent or deter-
mination of the members of tho board acting separately and individually
is nor. the assent of the corporation. Tho law proceeds upon the theory
that the directors shall meet and counsel with each other, and that any
determination affecting the association shall be arrived at and expressed
only after a consultation at a meeting of the board, attended by at least a
majority of its members. {National Bank v. Brake, 35 Nans., 584.)
4. Borrowing money of association :
An oflicer may, in the ordinary course of business, borrow money of the associa-
tion. ( Blair v. First National Bank of Mansfield, U. S. C. C. {N. I). Ohio,
1877), 10 Chicago Legal News, 84.)
5. Liability for violations of law :
(u) All directors who participate in and assent to a loan in excess of oue-tontli
of tho capital of the bank, in violation of section 5200, Revised Statutes,
will bo liable to the bank for all damages sustained by it in consequence of
such loan. ( Witters v. Sowles, U. S. C. C. {District of Vermont), 31 Fed. •
Rep., 1.)
{b) If a cashier, without authority from tho directors so to do, makes a loan in
excess of one-tenth of the capital of the association, ho will be liable, incase
of loss, for the amount of tho excess. {Second National Bank of Oswego v.
Burl, A IV. New York Weekly Digest, 290.)
(c) The directors of a national bank will not bo held liable for loss occasioned
to the bank through tho frauds of a co-director in which they had no part,
and which were perpetrated without their connivance or knowledge. It. is
not sufficient to charge them with liability that the frauds might have been
prevented by tho exercise on their part of a proper degree of supervision
over the affairs of tho bank. {Movins v. Lee, U. S. C. C. {N. D. New York),
30 Fed. Rep., 298.)
REPORT OE THE COMPTROLLER OF THE CURRENCY. 141
6. Directors of converted banks:
(a) When a Stato bank is converted into a national banking association all of
the directors at the tirao will continue to be the directors of the association
until others are appointed or elected, though some of them may not have
joined in tho execution of the articles of association and organization certifi-
cate. ( Lockwood v. The American National Bank, 9 R. I., 308.)
(b) And, semble, that the directors of a bank at the time of its conversion into a
national banking association are not required to take the oath of directors.
(Ibid.)
(c) But even were the oath required, a majority of all who wore directors at
the time of the conversion, and not merely a majority of those who take
the oath, are necessary to constitute a quorum. (Ibid.)
7. Retirement of directors :
(a) The law providing no particular mode by which a director is to resign from
the board, an oral resignation would be as good as any. (Movius v. Lee,
30 Fed. Rep., 298.)
(b) The president being the head of the board, a resignation to him is a resig-
nation to the board. (Ibid.)
(c) A director is not prohibited from resigning during the year. The apparent
purpose of the provision in regard to the term of office is to make it con-
form to the time of the new election, and not to absolutely require every
director to serve the lull term. (Ibid.)
VII. INTEREST.
1. What interest associations may take:
(a) The provision in section 30 of the act of 1864 “that where, by the law of
any State, a different rate is limited for banks of issue organized under
State laws, the rate so limited shall bo allowed for associations organized
in any such State under the act,” is enabling, and not restrictive ; and,
therefore, a national banking association in any State may stipulate for as
high a rate of interest as by the laws of such State a natural person may,
although State banks of issue are restricted to a less rate. ( Tiffany v. Na-
tional Bank of the Slate of Missouri, 18 Wall., 4Q9.)
(b) But it is not to be inferred from Tiffany v. National Bank of Missouri that
whatever by the laws of the Stato is lawful for natural persons in acquir-
ing title to negotiable paper by discount is lawful for national banks.
(National Bank v. Johnson, 104 U. S., 271.)
(c) The interest which a national bankiug association may charge is limited to
the rate allowed to the banks of tho State generally ; and the fact that a
few of the Stato banks are specially authorized to take a higher rate is
not a warrant for a national banking association to do so. (Duncan v. First
National Bank of Mount Pleasant, U. S. D. C. (W. D. Penn., 1878), 11 Bank.
Mag., 787; Gruber v. First National Bank, 87 Penn. St., 468.)
(d) Where the State law does not limit the rate of interest which may be
charged on loans to corporations, a national banking association located in
that State can not charge more than 7 per cent, interest on such loans.
(In re Wild, 11 Blatcli., 243.)
(e) Where by tho statutes of the State parties are authorized to contract for
any rate of interest, national banking associations in that State may like-
wise contract for any rate, and are not limited to 7 per cent. (Hinds v.
Marmelejo, 60 Cal., 229; National Bank v. Bruhn, 64 Tex., 571.)
2. On claims against insolvent and liquidating associations:
(a) A depositor in a national banking association which has become insolvent
is entitled to interest on his deposit. (National Bank of Commonwealth v.
Mechanics’ National Bank, 94 U. S., 437.)
(b) He is entitled to interest from the date of the suspension of payments; and
no demand upon the association is necessary. ( Chemical National Bank v.
Bailey, 12 Blatch., 480.)
(c) Claims, when proved to the satisfaction of tho Comptroller, are upon the
same footing as if put in judgment, and therefore bear interest ; and the
fact that, under certain circumstances, there might be thus a compounding
of interest will not defeat the right to interest. (National Bank of Com-
monwealth v. Mechanics’ National Bank, supra.)
(d) But where a creditor has obtained judgment against an insolvent national
banking association for the full amount of his claim and interest, he is not
entitled to interest upon the face of the judgment, but only upon the amount
of the claim at the time of the failure. ( White v. Knox, 111 U. S., 784.)
142 REPORT OF THE COMPTROLLER OF THE CURRENCY.
2. On claims against insolvent and liquidating associations— Continued.
(e) The creditors of an insolvent national banking association in the hands of
a receiver are entitled to interest on their claims during the period of ad-
ministration. (Chemical National Bank v. Bailey , supra. )
(/) The assessments made by the Comptroller upon the shareholders of an in-
solvent association bear interest from the date of the order. ( Case y v. Galli,
94 U. S., 673.)
(</) Id the case of book accounts in favor of depositors, interest begins to run
against an association in liquidation from the date of the suspension of
business. (Richmond v. Irons, 121 U. S., 27.)
3. Usury:
(a) The usury laws of the States do not apply to national banking associations.
( Farmers and Mechanics' Banlc v. Dearing, 91 U. S., 29 ; Central National
Bank v. Pratt, 115 Mass., 539; First National Bank v. Gorlinghouse, 22 Ohio
St., 492; Davis v. Randall, 115 Mass., 547; Hintcrmister v. First National
Bank,6iN. Y., 212.)
( l> ) And the remedies provided by the State for the taking of usury can not be
resorted to. ( Farmers and Mechanics’ Bank v. Dearing, supra ; Wiley v.
Starbuek, 44 Ind., 293.)
(c) The taking of illegal interest by a national banking association does not
render the contract void. ( Farmers and Mechanics’ Bank v. Dearing, supra. )
( d ) It does not invalidate an indorsement or a guaranty of the notes upon which
the usurious interest was paid. ( Oates v. First National Bank of Mont-
gomery, 100 U. S., 239; Lazear y. National Union Bank of Baltimore, 52 Md.,
78.)
(e) But usury destroys the interest-bearing power of the obligation ; and there
will be no point of time from which it can bear interest. ( Lucas v. Govern-
ment National Bank, 78 Penn. St., 228.)
(/) The usury works a forfeiture of the entire interest accruing after maturity
and before judgment, as well as that which accrues before maturity.
( Shunk v. The First National Bank of Gallon, 22 Ohio St., 508.)
( g ) The discounting of business paper by a national banking association at a
higher than the legal rate is usurious, though the law of the State fixes no
limit to the rate which natural persons may take for the discount or pur-
chase of such paper. ( Johnson v. National Bank of G lover sville, 74 N. Y.,
1129 ; affirmed in National Bank v. Johnson, 104 U. S., 271.)
(7t) By charging more than legal interest on overdrafts, a natioual banking as-
sociation loses the right to recover any interest at all. ( Third National
Bank of Philadelphia v. Miller, 90 Penn. St., 241.)
(i) The liabilities of antecedent parties to a note or bill will not be affected by
the usurious character of the transaction between the payee and the asso-
ciation ; and the association may recover the full amount of the note or bill
from the maker or acceptor. ( Smith v. The Exchange Bank of Pittsburgh, 26
Ohio St., 141.)
(j) Usurious interest which has been paid to a national banking association
can not be applied by way of payment or set-off in any action by the asso-
ciation to recover the amount of the loan. ( Barnet v. Muncie National Bank,
98 U. S., 855.)
(7c) Nor can the penalty for taking the usurious interest be recovered by way
ot' counter-claim in such action, but a soparato action must be brought
therefor. (Ibid.)
Note. — This case overrules portions of the decisions in Lucas v. Government
National Bank, supra ; Overholt v. National Bank, 82 Penn. St., 490 ; Cako\.
The First National Bank of Lebanon, 83 Penn. St., 303.
(7) A director is not by reason of his position estopped from setting up the de-
fense of usury in an action brought against him by the association. ( Bank
of Cadiz v. Slemmons , 34 Ohio St., 142.)
(m) Where a national banking association has discounted notes for another
batik at a usurious rate of interest, the fact that the othor bank has charged
illegal interest on those notes to its customers will not affect its right to
setup the defense of usury in an action by the association. (Third National
Bank of Philadelphia v. Miller, supra.)
(n) The amount which may be recovered from the association as a penalty is
twice the amount of interest paid, and not simply twice the amount in ex-
cess ofthe legal rate. ( Crocker v. First National Bankof Chetopa, U. S. C. C
(Eighth Circuit), 3 Am. L. 'I. [N. S.], 350; Overholt v. National Bank oj
Mount Pleasant, 82 Penn. St., 490 ; see also Barnet v. Muncie National Bank,
supra. )
REPORT OP THE COMPTROLLER OF THE CURRENCY. 143
VIII. INSOLVENCY.
1. Not subject to bankrupt act:
National banking associations -were not subject to the bankrupt act while that
act was in force. {In re Manufacturers' National Bank, 5 Biss., 499.)
2. What constitutes insolvency:
The term “ insolvency,” as used in section 5242, Revised Statutes, forbidding
transfer of the assets of national bauking associations after, or in contem-
plation of, such insolvency, has the samo moaning as it had when applied
to traders in the bankrupt act; that is, it does not mean an absolute in-
ability of a debtor to pay his debt at some future time, upon a settlement
and winding np of his affairs, but a present inability to pay in the ordinary-
course of business. ( Case v. Citizens' Bank of Louisiana, 2 Woods, 23 ; Market
Bank v. Pacific National Bank, 30 Hun, 50.)
3. Assets a trust fund:
Upon the appointment of a receiver all the a ssets of the association become in
his hands a trust fund which the statute of limitations does not touch or
affect. {Riddle v. First National Bank, U. S. C. C. ( W. D. Penn.), 27 Fed. Rep.,
503.)
Note. — But this point was not necessary to the decision of the case, for suits
against insolvent corporations are by a law of Pennsylvania expressly ex-
cluded from the operation of the statute.
4. United States has no priority:
{a) Section 3466, which gives the United States a priority for all claims it has
against insolvent debtors, does not apply to the case of an insolvent national
banking association. {Cook County National Bank v. United States, 107 U. S.,
445.)
(&) And as against the proceeds of the bonds deposited to secure circulation
the United States can set off no claim, except for money advanced to re-
deem the notes. {Ibid.)
(c) And upon the failure of an association its five per cent, redemption fund
can not be retained by the Treasurer to pay taxes due to the United States,
but the fund passes to the Comptroller as an asset of the association. {Jack-
son v. United States, 20 Ct. Cls., 298.)
5. Claims for torts :
Claims arising out of the non-feasance or malfeasance of the association should
be paid ratably with the debts, technically so called. {Turner v. The First
National Bank of Keolculc et al., 26 Iowa, 562.)
6. Preferences :
{a) A preference, to be within the meaning of section 5242, Revised Statutes,
must be given to an existing creditor to secure a pre-existing debt. A trans-
fer by an insolvent bank to secure a contemporaneous loan is not a violation
of the law. ( Casey v. La Societe de Credit Mobilicr, 2 Woods, 77.)
{/>) The insolvency need be in tho contemplation of the bank only. It need
not be known to tho person to whom the transfer is made. {Casey. Citizens’
Bank of Louisiana, supra. )
(o) After the directors of an insolvent association have voted to close itsdoors,
any transfer of assets whereby a creditor secures a preference must be pre-
sumed to be made with an intent to prefer. {National Security Bank v.
Price, 22 Fed. Rep., 697.)
{d) Where the officers of an association which is in danger of insolvency, for
the purpose and in the expectation of preventing a failure, mako a pledge of
securities to a depositor to induce him not to withdraw his deposit, such a
pledge is not a preference within tho meaning of section 5242, Revised
Statutes, and will not be set aside when tho association afterward is de-
clared insolvent. {Roberts v. Hill, 23 Fed. Rep., 311.)
(e) Where an insolvont association receives a deposit a short time before clos-
ing its doors, its officers knowing of the insolvency at the time, theroceipt
of such deposit is a fraud upon the depositor, and no title passes to the as-
sociation; and, therefore, the depositor may reclaim tho whole amount of
the deposit; and as he claims under his original title, and not under a
transfer from the association, such reclamation does not amount to a pref-
erence. {Cragie et al. v. Hadley, 99 N. ¥., 131.)
144 REPORT OF THE COMPTROLLER OF THE CURRENCY.
7. Basis for estimation of dividends :
In estimating tlie dividends to be paid out of the assets of an insolvent asso-
ciation, the value of the claims at the time when the insolvency is declared
is to be taken as the basis of distribution. ( White y.Knox, 111 U. S., 784.)
8. Set-off :
(a) A person liable upon a note to an insolvent national bank may set off against
his indebtedness the amount of his deposit with the bank. ( Plait v. Bentley,
Thomp. N. B. Cas., 758.)
(b) But a debtor can not set off the amount of a deposit assigned to him after
the act of insolvency committed. (The Venango National Bank v. Taylor, 56
Penn. St., 14.)
IX. RECEIVERS.
1. Officer of the United States :
A receiver, when appointed by the Comptroller, with the concurrence of the
Secretary, is an officer of the United States. ( Stanton v. Wilkeson, 8 Ben.,
357.)
2. Whom he represents :
He represents the bank, its stockholders, and its creditors ; but he does not
in any sense represent the Government. ( Case v. Terrell, 11 Wall., 199.)
3. How FAR SUBJECT TO COMPTROLLER’S ORDERS :
(a) The clause of section 50, act of 1864, which proscribes that the receiver shall
be “ under the direction of the Comptroller,” means only that he shall be
subject to the Comptroller’s direction, not that ho shall not act without
orders. He may bring suit to collect assets without having been in-
structed to do so by the Comptroller. ( Bank v. Kennedy , 17 Wall.)
(h) The receiver of a national bank is the instrument of the Comptroller, and
may be removed by him. (Kennedy v. Gibson, 8 Wall., 505.)
4. Power of courts to appoint :
(a) The power of the Comptroller to appoint a receiver is not exclusive ; it does
not oust the courts of equity of their authority in the matter ; and, there-
fore, a court of competent jurisdiction may place the bank in the hands
of a receiver in cases where, according to the rules of equity, it may pur-
sue such a course with regard to insolvent corporations generally. (Irons v.
Manufacturers' National Bank, 6 Biss., 301 ; Wright v. Merchants’ National
Bank, 1 Flippin, 561.)
( b ) Where a bank has gone into voluntary liquidation, and the Comptroller has
no j)ower to appoint a receiver, a proper court, in a case where such action
is necessary to protect the interests of a creditor, will appoint a receiver
for it. (Irons v. Manufacturers’ National Bank, supra.)
5. Debtors of association can not question legality of appointment :
The legality of the appointment of the receiver can not bo questioned by the
debtors of the bank when sued by him. The bank may move to have the
appointment set aside, but the debtors can not. ( Cadle v. Bakes', 20 Wall..
6o0 ; see also Platt v. Beebe, 57 N. Y. , 339. )
6. Receiver’s decision not final :
The decision of a receiver rejecting a claim is not final. The claimant still
has the right to sue. (Bank of Bethel v. Pahquioque Bank, 14 Wall., 383.)
7. Sale by :
(ft) The receiver can not sell the real or personal property of the bank without
an order from a court of competent jurisdiction. ( Ellis v. Little, 27 Kans.,
707.)
( b ) Nor can he sell upou terms in conflict with the order. (Ibid.)
(c) And under an order permitting him to sell the property of the bank he can
not exchange, trade, or barter it for other property. (Ibid.)
(d) A sale made by a receiver under order of a court is to all intents and pur-
poses a judicial sale. (In re Third National Bank, 9 Biss., 535.)
8. Contracts of :
(ft) As the power of a receiver of a national bank appointed by the Comptroller
is limited, a person dealing with him in his official capacity is bound as a
matter of law to have knowledge of his authority to act, and if contracts
and agreements are entered into with the receiver in excess of his authority
REPORT OF TIIE COMPTROLLER OF THE CURRENCY.
145
8. Contracts of — Continued.
as conferred by law, t ho parties contract at their own peril, and the estate
of the bank can not bo charged for the default or inability of a receiver
acting outside of his functions as receiver and beyond the duties which it
involves. ( Ellis v. Little, 517 Kans., 707.)
(b) The receiver can not charge the estate of the bank by any executory con-
tract, unless authorized so to do by the provisions of the national banking
law, and the order of a court of competent jurisdiction obtained upon' the
terms of said law. (Ibid.)
9. Expenses of receivership for associations which have gone into liquida-
tion:
Where, after an association bank has gone into liquidation, a receiver is ap-
pointed at the instance of the creditors, the expenses of such receivership
must be paid by the creditors. The shareholders can not be made indi-
vidually liable for such expenses. (Richmond v. Irons.)
X. TAXATION.
1. What may be taxed:
(a) A State can not tax the capital stock of a national bank, as such. The tax
must be assessed upon the shares of the different stockholders. (Collins v.
Chicago, 4 Biss., 472.)
(b) The entire interests of the shareholders may be taxed without any deduc-
tion for that portion of the capital which is invested in United States
securities. (Fan Allen v. The Assessors, 3 Wall., 573.)
(c) New shares issued by a national banking association can not be taxed until
the increase of capital has been approved by the Comptroller of the Cur-
rency. (Charleston v. People’s National Bank, 5 S. C., 103.)
(d) The undivided surplus of a national banking association, unless invested in
Federal securities, may be lawfully taxed by the State. (North Ward Na-
tional Bank of Newark v. Citg of Newark, 10 Vroom, 380 ; First National Bank
v. Peterborough, 56 N. H., 38.)
(e) But, of course, if the surplus is taken into consideration in estimating the
taxable value of the shares, it is not to be taxed separately. (North Ward
National Banlcv. Citg of Newark, supra.)
Note. — But it has been held in Maryland that the stock of an association
represents its whole property, and where a tax is assessed upon the shares
a separate tax upon the real or personal estate amounts to double taxa-
tion; and, therefore, where the organic laws of the State prohibit double
taxation, such a tax upon the property of an association is void. (County
Commissioners v. Farmers and Mechanics’ National Bank, 48 Md., 117 ; see
also National State Bank v. Young, 25 Iowa, 311, wherein it was held that
the States could tax only the shares, eo nomine, and the real estate.)
(/) The surplus fund of a national banking association is not excluded in the
valuation of its shares for taxation. (Strafford National Bank v. Dover, 59
N.H., 316.)
(g) Where shares of stock are assessed at their actual cash value without any
deduction for the real estate owned by the association the real estate should
not bo taxed co nomine. (Commissioners of Bice County v. Citizens' National
Bank of Faribault, 23 Minn., 280.)
(li) The States can not tax the circulating notes of national banking associations.
(Horne v. Greene, 52 Miss., 452; Contra Board of Commissioners v. Elston, 32
Ind., 27 ; see also Puffin v. Board of Commissioners, 69 N. C., 498; Lily v. The
Commissioners, 69 N. C.,300.)
2. Rate:
(a) Where the State banks are taxed upon their capital, no tax can be imposed
upon the shares of national banking associations; for as the capital of the
State banks may consist of the bonds of the United States, which are ex-
empt from State taxation, a tax on capital is not equivalent to a tax on
shares. (Van Allen v. The Assessors, 3 Wall., 573; Bradley v. The People, 4
Wall, 459.)
(b) But though the tax upon the State banks is not eo nomine a tax on shares,
yet if it is equivalent to such a tax the shares in the national banking associa-
tions located in that State may be taxed. (Frazer v. Seibern, 16 Ohio St.,
614; Van Slyke v. State, 23 Wis., 656; Boynoll v. State, 25 Wis., 112.)
(c) When by local legislation different rates are prescribed for different classes
of moneyed capital, the rate imposed upon shares of uational banks should
approximate as closely as may be, to the rate imposed upon other moneyed
capital of the same or similar class, viz, shares of State banks. (City Na-
tional Bank v. Paducah, U. S. C. C. (Sixth Circuit, 1877), 5 Cent. L. J., 347.)
8770 cur 87 10
146 REPORT OF THE COMPTROLLER OF THE CURRENCY.
2. Rate — Continued.
{d) Congress meant no more than to require of the States as a condition to the
exercise of the power to tax the shares in national banks, that they shonl d,
as far as they had the capacity, tax in like manner the shares of banks of
issue of their own creation. ( Lionberger v. Bouse, 9 Wall., 468.)
(e) Therefore, where a State has previously contracted with the banks which
it has chartered that they shall not be taxed above a certain rate, a tax
upon national-bank shares at a greater rate is not invalid, if this rate is
not greater than that assessed upon all the moneyed capital within the
State, except that of the State banks. {Ibid. )
(/) Any system of assessment of taxes which exacts from the owner of the
shares of a national banking association a larger sum in proportion to the
actual value of those shares than it does from other moneyed capital, valued
in like manner, taxes the shares at a greater rate, notwithstanding that
the percentage of tax on the valuation is the same as that applied to other
moneyed capital. {Pelton v. Commercial National Bank, 101 U. S., 143.)
3. Valuation:
{a) In estimating the value of the shares for the purpose of taxation reference
may be had to all the property and values of the bank. ( Saint Louis Na-
tional Bank v. Papin, U. S. C. C. {Eighth Circuit), 3 Cent. L. J., 669.)
{b) If no excessive valuation is complained of, and a correct result is arrived
at, equity will not restrain the collection of a tax because the method of
computation was erroneous. {Ibid. )
(c) The shares may be valued for taxation at an amount exceeding their face
value, if this amount is not at a greater rate than the valuation set upon
other moneyed capital in the State. {Hepburn v. School Directors, 23 Wall.,
480.)
(d) Under the statute of New York, shares in national banking associations
should be taxed at their real or market value. {People v. The Commissioners
of Taxes and Assessments, 94 TJ. S., 415.)
(e) Where shares in national banking associations are purposely valued pro-
portionally higher than the other moneyed capital in the State, the assess-
ment is void. {Pelton r. National Bank, 101 U. S., 143.)
(/) And the collection of what is in excess of the rate imposed on the other
moneyed capital may be enjoined. {Ibid. )
4. Exemptions:
{a) The intention of Congress was that the rate of taxation of the shares
should be the same as, or not greater than, the tax upon the moneyed capi-
tal of tho individual citizen which is subject and liable to taxation. {People
v. The Commissioners, 4 Wall., 244.)
{b) Therefore, it is not a ground of objection to the validity of a tax on shares
that, while deductions for United States bonds are made from the personal
estates of individuals and the capital of State corporations, no deductions
are made on account of the cajhtal of national banking associations in-
vested in such bonds. {Ibid.)
(c) The fact that by the statutes creating them, which statutes were passed
prior to the national banking law, State banks are entirely exempt from
taxation, will not render a tax upon the shares of national banking associ-
tions void. ( City of Richmond v. Scott, 48 Ind., 563.)
{d) And a State tax upon shares in national banking associations is not ren-
dered invalid by an exemption of the shares of other corporations the capi-
tal of which consists of property required to bo listed for taxation, as such.
{Hclver v. Robinson, 53 Ala., 456.)
(e) Merely a partial exemption of other moneyed capital will not invalidate a
tax upon shares in national banking associations. {Hepburn v. School Di-
rectors,23 Wtf/L, 480.)
(/) But though Congress did not contemplate that there should be an absolute
equality (which in the nature of things is impossible), yet it did intend
that there should bo a substantial equality; and, therefore, if tho exemp-
tions in favor of other moneyed capital are so palpable as to show that
there is a serious discrimination against capital invested in the shares of
national banking associations, the tax will bo declared unlawful. {Boner
v. Boyer, 113 U. S., 690.)
{[ / ) A State law which does not permit a deduction to bo made from the as-
sessed value of bank shares for all debts due by the holder thereof, while
authorizing such a deduction to be made from tho assessed value of moneyed
capital otherwise invested, is void. {People ex rel. Williams v. Weaver, 100
U. S., 539, reversing S. C., 67 N. Y., 516, and overruling People v. Dolan,
36 N. Y., 59.)
REPORT OF THE COMPTROLLER OF T1IE CURRENCY. 147
4 Exemptions — Continued.
(A) The main purpose of Congress in fixing limits to State taxation on invest-
ments in the shares of national banks, was to render it impossible for tho
State, in levying such a tax, to create and foster an unequal and unfriendly
competition, by faroring institutions or individuals carrying on similar business
and operations and investments of a like character ; and the language of the
law is to be read in the light of this policy. And, therefore, the exemption
of shares of stock in corporations, the business of which does not come into
competition with that of the national banks (e. g., railroad companies, mining
companies, manufacturing companies, and insurance companies) does not
invalidate a tax upon national-bank shares. Capital thus employed is not
“ moneyed capital” within the meaning of the act of Congress. ( Mercan-
tile Bank v. New York, 121 U. S., 138.)
( i ) Bonds issued by a State, or under its authority by its public municipal
bodies, although they undoubtedly represent moneyed capital, yet, as from
their nature they are not ordinarily the subject of taxation, are not within
the reason of the rule established by Congress for the taxation of national-
bank shares, and the fact that the State exempts them from taxation does
not deprive it of the right to tax shares of stock of national banks in the
State. (Ibid.)
( j ) Although deposits in savings banks constitute moneyed capital in tho
hands of individuals within tho terms of any definition which can be given
of that phrase, yet they are not within the meaning of the act of Congress
in such a sense as to require that, if they are exempted from taxation,
shares of stock in national banks must thereby also be exempted from
taxation ; for it can not be supposed that savings banks come into any pos-
sible competition with national banks. (Ibid.)
5. Collection of tax from tiie association :
(a) A State tax upon shares is valid, though the taxis collected from the bank.
(National Bank v. Commonwealth, 9 Wall., 353.)
(b) And the State may require the banks to pay a tax rightfully laid upon the
shares. (Ibid.)
(c) And where the tax on shares is payable by the association the collection
of the tax may be enforced by distraint of its property. (First National
Bank v. Douglas County, 3 Dill., 330.)
(d) But where the tax laws of the State make the bank the mere agent for pay-
ing the tax on shares, and direct it to retain so much of the dividends as
will answer that purpose, other agents being required to pay taxes for their
principals only when they have under their control the property, money,
or credit of such principals, the bank can not be made liable unless it has
the control of the property, etc., of its shareholders, or has dividends in its
possession, or has failed to retain them. (Her shire v. The First National
Bank, 35 Iowa, 272.)
6. License tax:
(a) National banking associations can not be subjected to a license or privilege
tax. (Mayor v. First National Bank of Macon, 59 Ca., 648 ; City of Carthage
v. First National Bank of Carthage, 71 Mo., 508; National Bank of Chatta-
nooga v. Mayor, 8 Heiskell, 814.)
(b) A State law prohibiting the establishment of banking companies in the
State without authority of the legislature was not intended to apply to
banking corporations created by authority of Congress, since such corpora-
tions may be legally established in the State without the consent of the
legislature. (Stetson v. City of Bangor, 56 Me., 274. )
7. Powers of taxing officers :
(a) Municipal officers can not assess a tax upon the shares of national banking
associations until authorized to do so by some law of the State. (Stetson v.
City of Bangor, 56 Me., 274.)
(b) The officers of a national banking association can not be compelled to ex-
hibit to the taxing officers of a State the books of the association showing
the deposits of its customers. (First National Bankof Youngstown v. Hughes,
TJ. S. C. C. (N. D. Ohio, 1878), Browne’s N. B. Can., 176.)
(c) A national banking association is not exempt from examination by internal-
revenue officers when it has in its possession any articles subject to an in-
ternal-revenue tax. Such an examination is not the exercise of a visitorial
power, and, therefore, is not prohibited by the provision of section 5241,
Revised Statutes, that the national banks shall not be subject to any visit-
orial powers except those authorized by the national-bank act or vested
in the courts of justice. ( United States v. EJiaivn, U. S. D, C. (F. D. Penn.),
Thomp. N. B. Cas., 358.)
148 REPORT OF THE COMPTROLLER OF THE CURRENCY.
7. Powers op taxing officers— Continued.
( d ) Where by the tax laws of a State a perpetual lien for taxes attaches to
property only by virtue of a levy thereon, and such levy is not made prior
to the insolvency of the bank, the taxing officers of the State will he re-
strained, at the instance of the receiver, from levying upon the property of
an insolvent national bank, and selling it, for the purpose of collecting a
tax. ( Woodivard v. Ellsworth , 4 Colo., 580.)
(e) A State may require the cashiers of national banking associations located
within its territory to transmit lists of the shareholders to the taxing of-
ficers of the various towns in which the shareholders reside. ( Waite v.
Dowley, 94 U. S., 527.)
8. Enforcement of taxes :
A tax duly assessed upon shares may be enforced in accordance with the gen-
eral laws of the State on that subject. ( Weldv. City of Bangor, 59 Me., 416.)
9. Location of association for taxing furposes :
An association which opens an office for the purpose of receiving deposits in
another place than that in which it was organized does not become “lo-
cated” in that place for purposes of taxation. ( National State Bank of
Camden v. Pierce, U. S. C. C. (E. D. Penn.), 18 All). L. J., 16.)
XI. JURISDICTION.
Note. — The jurisdiction of the Federal courts in national-bank cases was
very materially changed by the proviso to the fourth section of the act of
July 12, 1882. The proviso is as follows :
“ Provided , however, That the jurisdiction for suits hereafter brought by or
against any association established under any law providing for national
banking associations, except suits between them and the United States, or
its officers and agents, shall be the same as, and not other than, the juris-
diction for suits by or against banks not organized under any law of the
United States which do or might do banking business where such national
banking associations may be doing business when such suits may be begun.
And all laws and parts of laws of the United States inconsistent with this
proviso be, and the same are hereby, repealed.”
1. Jurisdiction of Federal courts prior to the act of July 12, 1882:
(a) National banking associations may sue in the Federal courts. The word
“ by ” was omitted from section 57 of the act of 1864 by mistake. ( Kennedy
v. Gibson, 8 Wall., 505.)
(&) A national banking association may sue and be sued in the circuit court for
the district in which the association is located, irrespective of the amount
in controversy and the citizenship of the parties. (County of Wilson v.
National Bank, 103 U. S., 770; Mitchell v. Walker, U. S. C. C. (IF. D. Penn.,
1879), Browne’s N. B. Cas., 180; Commercial Bank of Cleveland v. Simmons,
U. S. C. C. ( IF. D. Ohio), 10 All). L. J., 155.)
(c) But where the amount in controversy does not exceed five hundred dollars,
the association can not sue in a Federal court outside of the district in
which it is established. ( Saint Louis National Bank v. Brinkman, U. S. C.
C. (D. Kans.), 1 Fed. Hep., 45.)
(d) A national banking association located in one State may bring an action in
the circuit court of the United States sitting within another State against
a citizen of that State. ( Manufacturers’ National Bank v. Baack, 8 Btatch.,
147.)
(e) When a national bank is sued in a Federal court the suit must bo brought in
the district in which the bank is located. And service upon an officer of
the bank in another district will not give the court of that district juris-
diction of the cause. ( Maine v. Second National Bank of Chicago, 8 Biss., 26. )
(J) A United States district court has jurisdiction of a suit in equity by or
against a national banking association located within the district. ( First
National Bank of Pittsburgh v. Pittsburgh and Castle Shannon Ilailroad Com-
pany, 1 Fed. Hep., 190.)
( g ) A circuit court lias no jurisdiction of a suit by a private person to compol the
Comptroller of the Currency and the Treasurer cf the United States to dis-
close what disposition has been made of the United States bonds deposited
w ith the Treasurer by a national banking association, and for a decree di-
recting those officers as to their duty regarding such bonds. ( Van Antwerp
v. JLulburd, 7 Blatch., 425; Van Antwerp v. Zlulburd, 8 Blatch., 282.)
REPORT OF TTIE COMPTROLLER OF THE CURRENCY. 149
1. Jurisdiction op Federal courts prior to tiie act of July 12, 18S2— Con’td.
( h ) Section 380, Revised Statutes, which provides that “All suits and proceed-
ings arising out of the provisions of law governing national banking asso-
ciations, in which the United -States or any of its officers or agents shall be
parties, shall be conducted by the district at torneys of the several districts
under the direction and supervision of the Solicitor of the Treasury,” does
not enlarge the jurisdiction of the circuit court, and can not be held to con-
fer j urisdiction iu such suits or proceedings upon a court not having, inde-
pendently of this section, authority to entertain them. ( Van Antwerp v.
Hulburd, 7 Blatch., 420.)
(i) National banking associations, being corporations organized under the laws
of the United States, are entitled as such to remove into the circuit courts of
the United States suits brought against them in the State courts. ( Cntilc -
shank v. Fourth National Bank, 21 Blatch., 322; see also Removal Cases, 115
U.S., 1.)
(j) A United States district court has jurisdiction to authorize a receiver to com-
promise a debt. ( Matter of Platt, 1 Ben., 534.)
(k) An action at common law to recover a debt due to the bank may be instituted
by a receiver in a United States district court, he being an officer of the
United States within the meaning of section 563, Revised Statutes. ( Platt
v. Beach, 2 Ben., 303; Stanton v. Wilkeson, 8 Ben. , 357.)
( l ) The power of a national banking association to take a mortgage upon real
estate is a question which the party raising it should be permitted to liti-
gate in a Federal court; and he should not be sent into the State courts to
try this question on the distribution of surplus moneys in a foreclosure
suit, or in a suit brought by the party holding the alleged invalid mort-
gage. (In re Duryea, U. S. D. C. (S. D. N. T.), 17 National Bankruptcy Reg-
ister, 495.)
2. Jurisdiction of Federal courts subsequent to act of July 12, 1882:
(a) The tenth subdivision of section 629, Revised Statutes, which confers upon
the circuit court of the United States jurisdiction of all suits by or against
any national banking association established in the district for which
the court is held, has been repealed by the proviso to section 4 of the act
of July 12, 1882. (National Bank of Jefferson v. Fare et al., V. S. C. C. (E.
D. Tex.), 25 Fed. Rep., 200.)
(b) The object, rf this proviso was to deprive the United States courts of juris-
diction of suits by or against national banking associations in all cases
where banks organized under State laws could not likewise sue or be sued
in such courts. (National Bank of Jefferson v. Fare et al., supra.)
(c) But the proviso does not affect the right of the receiver of an insolvent as-
sociation to sue in a Federal court. (Hendee v. Connecticut and P. R. R. Co.,
26 Fed. Rep., 677.)
(d) Nor would the act of July 12, 1882, take from the circuit court jurisdiction
of a suit brought against a director for negligent performance of his du-
ties ; for as such suit rests upon the requirements of the United States
laws, and by-laws made pursuant thereto, it is a case arising under the
laws of the United States. (Witters v. Foster, U. S. C. C. (D. Vt.), 28 Fed.
Rep., 737.)
3. J URISDICTION OF STATE COURTS :
(a) State courts have jurisdiction of suits by and against national banking as-
sociations. (Bank of Bethel v. Pahquioque Bank, 14 Wall., 383; see also Ord-
ivay v. Central National Bank, 47 Met. , 217, and Cla fjlin v. Houseman, 93
U. S., 130.)
(&) Where a national banking association is sued in a State court, the suit must
be brought in the city or county in which the bank is located. (Cadlev.
__ Tracy, 11 Blatch., 101 ; Crocker v. Maine National Bank, 101 Mass., 240.)
Note. — But the New York court of appeals has held that the provision of the
national banking law as to the jurisdiction of State courts is permissive
only, and not mandatory, and that a State court, in a proper case, may en-
tertain a proceeding against a national bank located in another State.
(Cooke v. The State National Bank of Boston, 52 N. ¥., 96 ; Robinson v. Na-
tional Bank of Neiu Berne, 81 N. Y., 385 ; see also Adams v. Daunis, 29 La.
Ann., 315.) And in Talmage v. Third National Bank, 27 Hun, 61, the su-
preme court of New York said : “The words of restriction to the place
where said ‘association is situated’ apply to the county and municipal
courts and not to the State courts. In the State courts of general juris-
diction a national banking association can be sued whenever an individ-
ual can be for the same cause.” In Cooke v. The State National Bank Chief
J udge Church questioned the constitutional right of Congress to deprive
the State courts of jurisdiction in such cases.
150 REPORT OF THE COMPTROLLER OF TITE CURRENCY.
3. Jurisdiction of State courts— Continued.
(c) A State court can entertain an action brought to recover of a national bank-
ing association the penalty for taking usury. ( Ordway v. The Central Na-
tional Bank , 47 Md., 217 ; Hade v. Me Vay, 31 Ohio St., 231 ; Bletz v. Columbia
National Bank, 87 Penn. St., 87.)
(d) The State courts have jurisdiction of an action brought by a shareholder
on behalf of himself and other shareholders to recover of the directors of
an insolvent association damages for injuries resulting from their negli-
gence and misconduct. (Brinckerhoff v. Bostwick, 86 N. ¥., 52.)
(e) A State court has no power to make an order directing the receiver of a
national bank, who has been appointed by the Comptroller of the Currency,
to pay a judgment obtained against the bank before the receiver was ap-
pointed. ( Ocean National Bank v. Carll, 7 Hun, 237.)
(/) State courts have no jurisdiction of the case of an embezzlement of the funds
of the association by oneof its officers. (Commonwealth v. Felton, 101 Mass.,
204; Commonwealth, ex rel. Torrey, v. Ketner, 92 Penn. St., 372.)
(g) The defense of usury may be set up in action brought in a State court.
(National Bank of Winterset v. Eyre, 52 Iowa, 114.)
4. United States can not be subjected to jurisdiction of court :
Neither the Comptroller nor the receiver by putting in an appearance to a suit
cau subject the United States to the jurisdiction of a court. (Case v. Ter-
rell, 11 Hall., 199.)
5. Citizenship :
A national banking association is for jurisdictional purposes a citizen of the
State in which it is located. (Davis v. Cook, 9 Nev., 134.)
XII. SUITS.
1. By and against associations :
(a) Suit may be brought against a national banking association though it is in
the hands of a receiver. ( Bank of Bethel v. Pahquioque Bank, 14 Wall., 383;
Security National Bank v. National Bank of the Commonwealth, 2 Hun, 287;
Green v. The Walkill National Bank, 7 Hun, 63.)
(b) Where the tax on shares is collected from the association it may bring a
suit to enjoin the collection of an illegal tax. ( Cummings v. National Bank,
101 TJ. S., 153 ; Pelton v. Commercial National Bank, 101 U. S., 143 ; Boyer v.
Boyer, 113 V.S., 143.)
(c) A State law authorizing national banking associations which have been
converted from State banks to use the name of the original corporation for
the purpose of prosecuting and defending suits is not in conflict with the
national banking law, and, therefore, proceedings based upon a judgment
obtained before the conversion may be instituted by such association in its
former corporate name. ( Thomas v. Farmers' Bank of Maryland, 46 Md. , 43. )
(d) A national banking association is a foreign corporation within the meaniug
of a State statute requiring corporations created by the laws of any other
State or country to give security for costs before prosecuting a suit in the
courts of the State. (National Park Bank v. Gunst, 1 Abb. N. C., 292.)
(e) As a national banking association can acquire no title to negotiable paper pur-
chased by it, it can maintain no action thereon in a State where the person
suing must be owner of the paper. (First National Bank of Bocliester v.
Pierson, 24 Minn., 140.)
(f) Butin a State whore the holder may sue without respect to the ownership
an association may bring suit upon paper so acquired. (National Pember-
ton Bank v. Porter, 125 Mass., 333 ; Atlas National Bank v. Savery, 127 Mass.,
75.)
(g) Suits brought by a receiver can not be settled or compounded upon an order
of the Comptroller ; this can be done only with the authority of the court.
(Case v. Small, 2 Woods, 78.)
2. By shareholders :
(a) A shareholder of a national banking association can not maintain an action
against the directors to recover damages sustained for neglect and misman-
agement of tho affairs of the association, whereby it became insolvent and
its stock was rendered worthless. Such an action can bo brought only by
the corporation itself. ( Conway v. Halsey, 15 Vroom, 462.)
(b) But where the receiver refuses to bring an action against negligent di-
rectors to recover the amount which the shareholders have been compelled
to contribute to pay the debts of tho association, an action against such
directors maybe brought by a shareholder on behalf of himself and tho
other shareholders. (Nelson v. Burrows, 9 Abb. N. C., 280.)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
151
2. By shareholders— Continued.
(c) And when the reeeiver is a director, and one of the parties charged with
misconduct and against whom a remedy is sought, the action may be brought
by a shareholder on behalf of himself and the other shareholders. ( Brinck -
erhoff v. Bostwick, , 83 X. Y., 52.)
3. By receivers :
(a) A reeeiver may sue either in his own name or the name of the bank. ( Na-
tional Bank v. Kennedy, 17 Wall., 19.)
(b) Suits and proceedings under the act in which the United States or their of-
ficers or agents are parties, whether commenced before or after the ap-
pointment of a receiver, are to be conducted by the district attorney under
the direction of the Solicitor of the Treasury. ( Bank of Bethel v. Pahqnioque
Bank, 14 Wall., 383.)
(c) But section 380, Revised Statutes, is directory merely, and the employment of
private counsel by the receiver can not be made a ground of defense to a
suit brought by him. (Ibid.)
(d) Receivers may sue in the courts of the United States by virtue of the act,
without reference to the locality of their personal citizenship.
(e) The provisions of the codes that every action must be brought in the name
of the real party in interest, except in the case of the trustee of an express
trust, or of a person authorized by statute to sue, does not apply to the re-
ceiver of a national banking association suing in a Federal court held in
a State which has adopted the code procedure ; for the right of the receiver
to sue is derived from the national banking law. (Stanton v. Wilkeson, 8
Ben., 357.)
(/) Under section 1001 of the Revised Statutes no bond for the prosecution of
the suit, or to answer in damages or costs, is required on writs of error or
appeals issuing from or brought to the Supreme Court of the United States
by direction of the Comptroller of the Currency in suits by or against in-
solvent national banking associations, or the receivers thereof. (Pacific
National Bank v. Mixtcr, 114 U. S., 463.)
4. By creditors of insolvent association :
The creditors of an insolvent association must seek their remedy through the
Comptroller, in the mode prescribed by the statute ; they can not proceed
directly iu their own names against the stockholders or debtors of the bank.
(Kennedy v. Gibson, 8 Wall., 498.)
5. For usury :
(a) The penalty for all illegal interest paid to a national banking association
within two years prior to the commencement of proceedings may be re-
covered in a single action, whether the amount was in one payment or in
several. (Hintermister v. First National Bank, 64 N. Y., 212.)
(b) Where a bankrupt has paid usurious interest, his assignee may bring an ac-
tion against the association to recover the penalty. ( Wright v. Fihst Na-
tional Bank of Greensburg, TJ. S. C. C. (Diet. Ind., 1878); Crockery. First
National Bank of Chetopa, TJ. S. C. C. (Eighth Circuit, 1876); 3 Am. L. T.,
N. S., 350.)
(e) The party who paid the usurious interest is the only party to the note who
is entitled to sue for the penalty. (Lazear v. National Union Bank of Mary-
land, 52 Md., 78.)
6. To ENFORCE LIABILITY OF SHAREHOLDERS:
(a) When the full personal liability of shareholders is to be enforced the action
must be at law. (Kennedy v. Gibson, 8 Wall., 505 ; Casey v. Galli, 94 U. S.,
673.)
(b) And it may be at law though the assessment is not for the full value of the
shares; for, since the sum each shareholder must contribute is a certain,
exact sum, there is no necessity for invoking the aid of a court of equity.
(Bailey v. Sawyer, 4 Dill., 463.)
(c) But the suit may be in equity. (Kennedy v. Gibson, supra.)
7. Execution:
A judgment against a national bank in the hands of a receiver only establishes
the validity of the claim ; the plaintiff can have no execution on such judg-
ment, but must wait pro rata distribution. (Bank of Bethel v. Pahquioque
Bank, 14 Wall., 383.)
152 REPORT OF THE COMPTROLLER OF THE CURRENCY.
8. Attachments :
(a) When a creditor attaches the property of an insolvent bank he can not hold
such property against the claim of a receiver appointed after the attach-
ment suit was commenced. Such creditor must share pro rata with all
others. ( First National Bank of Selma v. Colby, 21 Wall., 609 ; Harvey v. A lien,
16 Blatch., 29.)
{b) It was not intended by the national hanking law to prohibit attachments
against the property of national banking associations, except in cases where
an act of insolvency has been committed or is contemplated. ( Robinson v.
National Bank of New Berne, 81 N. Y., 385.)
(c) But where the association is insolvent an attachment issued against its
property will be void. ( National Shoe and Leather Bank v. The Mechanics’
National Bank, 89 N. Y., 467.)
{d) And such attachment will not afterward be rendered valid by the acquisi-
tion of new capital by the association and its resumption of business.
{Raynor et al. v. Pacific National Bank, 93 N. Y., 371.)
(e) A State court may issue an attachment against property in the Stale
belonging to a national banking association located in another State.
( Southwickv . The First National Bank of Memphis, 7 Hun, 96; Contra, Central
National Bank v. Richmond National Bank, 52 How. Pr., 136.)
(/) The provision of the banking law forbidding attachments in the case of
insolvent associations was not repealed by the act of July 12, 1882. {Ray-
nor et al. v. Pacific National Bank, supra.)
9. Abatement :
An action brought by the creditor of a national bank is abated by a decree of a
district or circuit court dissolving the corporation and forfeiting its fran-
chises. {First National Bank of Selma v. Colby, 21 Wall., 609.)
10. Estoppel:
{a) A shareholder against whom suit is brought to recover the assessment made
upon him by the Comptroller will not be permitted to deny the existence of
the association, or that it was legally incorporated. {Casey v. Galli, 94
U. S., 673.)
{b) Where one sued by a national bank is accustomed to deal with it, as such,
and does so deal with it in respect to the matter in suit, he is estopped from
denying its incorporation. {National Bank of Fairhaven v. The Phoenix Ware-
housing Company, 6 Hun, 71.)
11. Suits against liquidating associations :
A national bank which has gone into voluntary liquidation will continue to
exist as a body corporate for the purpose of suing and being sued until its
affairs are completely settled. {National Bank v. Insurance Company, 104
U. £.,54; Ordwayv. Central National Bank, 47 il/d., 217.)
12. Transitory and local suits:
The provision of the banking law (section 5198, Revised Statutes) which re-
quires that actions brought against national banking associations in State
courts shall be brought in the county or city iu which the association is
located, applies only to transitory actions ; it was not intended to apply to
actions local in their character. {Casey v. Adams, 102 U. £.,66.)
13. Survival of suits :
Whether a suit against a director for negligent performance of his duties, as re-
quired by the statutes of the United States and the by-laws of the associa-
tion, will survive against the executor or administrator depends upon State
laws. ( Witters v. Foster, U. S. C. C. {List. Ft.), 25 Fed. Rep., 737.)
XIII. EVIDENCE.
1. Certificates of Comptroller:
(a) The certificate of the Comptroller of the Currency that an association has
complied with all the provisions required to be complied with before com-
mencing the business of banking is admissible in evidence upon a plea of
nul tiel corporation ; and such certificate, together with proof that the as-
sociation has been acting as a national banking association for a loug time,
is amply sufficient evidence to establish, at least, prima facie, the existence
of the corporation. ( Mix v. The National Bank of Bloomington, 91 III., 20 ;
see also Merchants’ National Bank of Bangor v. (Hendon, 120 Mass., 97.)
REPORT OF THE COMPTROLLER OF THE CURRENCY.
153
1. Certificates of Comptroller— Continued.
(b) The certificate of the Comptroller that the association has complied with
all the provisions of law touching the organization of associations removes
any objection which might otherwise have been made to the evidence upon
which he acted. (Casey v. Galli, 94 U. S., 673 ; Thatcher v. West River Na-
tional Bank, 10 Mich., 106.)
(c) And in a suit against the association or its shareholders such certificate of
the Comptroller is conclusive as to the completeness of the organization.
(Casey v. Galli, supra.)
(d) A letter from the Comptroller directing the receiver to institute suit, if not
objected to at the time, is sufficient evidence that the Comptroller has de-
cided that the enforcement of the individual liability of the shareholders is
necessary. (Bowden x. Johnson, 107 U. $.,251.)
2. Evidence of insolvency:
(a) It is not necessary that the facts upon which the Comptroller bases his ac-
tion in appointing a receiver should be established by what is competent
legal evidence; but he is left to be satisfied as best he can be, under the
peculiar circumstances of each case, of the facts and the necessity for the
exercise of his authority. (Platt v. Beebe, 57 N. Y., 330.)
(b) A return of nulla bona upon an execution issued against the property of a
national bank is proof of its insolvency. ( Wlieelock v. Kost, 77 III., 296.)
3. Necessity for assessment by Comptroller:
It is not essential, in an action to enforce the individual liability of the share-
holders of an insolvent national banking association, to aver and prove that
the assessment was necessary ; for the decision of the Comptroller on this
point is conclusive. (Strong v. Southworth, 8 Ben., 331 ; Kennedy v. Gibson,
8 Wall., 505 ; Casey v. Galli, 94 U. S., 673.)
XIV. CRIMES.
1. Under United States laws:
(a) The willful misapplication of the moneys and funds of a national banking
association, made an offense by section 5209, Revised Statutes, must be for
the use or benefit of the party charged or of some person or company other
than the association. ( United States v. Britton, 107 U. S., 655.)
(b) The exercise of official discretion in good faith, without fraud, for the ad-
vantage or the supposed advantage of the association is not punishable ;
but if official action be taken in bad faith, for personal advantage aud with
fraudulent intent, it is punishable. ( United States v. Fish, 24 Fed. Rep., 585.)
(c) It is not necessary that the officer should personally misapply the funds
of the association. He will be guilty as a principal offender though he
merely procures or causes the misapplication. (Ibid.)
(d) A loan in bad faith, with intent to defraud the association* is a willful mis-
application within the meaning of the statute. (Ibid.)
(e) It is no defense to a charge of embezzlement, abstraction, or misapplication
of the funds of a national banking association that the funds were used
with the knowledge and consent of the president and some of the directors.
The intent to defraud is to be conclusively presumed from the commission
of the offense. ( United States v. Taintor, 11 Blatch., 374.)
(f) Where the president charged as a trustee with the administration of the
funds ot the bank in his hands, converts them to his own use without au-
thority for so doing, he embezzles and abstracts them within the meaning
of section 5209, Revised Statutes. (In the matter of Van Campen, 2 Ben.,
419.)
(g) If, with intent to defraud the association, an officer allows a firm in which
he is a member to overdraw its account, he will be guilty of misapplying
the funds of the association. (Ibid.)
(h) As the national banking law makes the embezzlement, abstraction, or will-
ful misapplication of the funds of a national banking association merely a
misdemeanor, a person who procures such an offense to be committed can
not be punished under a State statute which provides that a person who
procures a felony to be committed may be indicted and convicted of a sub-
stantive felony. (Commonwealth v. Felton, 101 Mass., 204.)
(i) An indictment charging defendants with aiding and abetting a director in
a willful misapplication of the money of an association must state facts
to show that there has been such misapplication committed by the director.
( United States v. Warner, U. S. C. C. (S. D. N. Y.), Feb. 13, 1886, 26 Fed. Rep.,
616.)
154 REPORT OF THE COMPTROLLER OF THE CURRENCY.
1. Under United States laws — Continued.
(;') Allowing the withdrawal of the deposit of one .ndebted to the association
can not; be charged as a misapplication of tie money of the association.
( United States v. Britton, 108 U. S., 193.)
( k ) It is not a willful misapplication of the monej of the association within the
meaning of section 5209, Revised Statutes, foi a president who is insolvent
to procure the discounting by the association of his note not well secured.
(Ibid.)
( l ) Prior to the act of February 26, 1881, a notary public holding his commis-
sion under a State had no authority to administer the oath required by
section 5211, Revised Statutes ; and, therefore, a cashierwho made oath be-
fore such notary to a false statement of the condition of his association
was not guilty of perjury. ( United States v. Curtis, 107 U. S., 671.)
(m) Where false entries are made by a clerk at the direction of the president,
the latter is a principal. (In the matter of Van Camjpen, supra; United
States v. Fish, supra.)
2. Under State laws :
(a) Au officer of a national banking association can not he punished under State
laws for embezzling the funds of the association. (Commonwealth ex rel.
Torre y v. Ketner, 92 Penn. St., 372; Commonwealth v. Felton, 101 Mass., 204.)
(b) But where the offense committed by an officer is properly a larceny of the
funds, and not an embezzlement, he may be indicted under a State law.
(Commonwealth v. Barry, 116 Mass., 1.)
(c) And an officer may be punished under State laws for making false entries
in the books of the association with intent to defraud it. (Luberg v. Com-
monwealth, 94 Penn. St., 85.)
(d) The officers of a national banking association may be prosecuted under
State statutes for fraudulent conversion of the property of individuals de-
posited with, and in the custody of the association. (Commonwealth v. Ten-
ney, 97 Mass., 50; State v. Fuller, 34 Conn., 280.)
3. Term “United States currency” in tenal statute:
The circulating notes of natioual banking associations are included iu the
phrase “ United States currency” when used in a penal statute. (State v.
Casting, 23 La. Ann., 1609.)
A DIGEST OF RECENT DECISIONS IN RANKING LAW.
BANKS AND BANKING.
Constitutional provision :
The term “banking powers,” as used in the constitution of the State of Ohio
lias a restricted meaning, and relates only to the powers of making and is-
suing paper money, or, at most, to powers exercised by associations organ-
ized to deal in money, including the making and issuing of bills and notes
intended to circulate as money. ( Dearborn v. Bank, 4 2 Ohio State, 617.)
Power of savings bank to borrow money:
A savings bank having the usual powers of such an institution, may borrow
money in the course of its legitimate business, and may make and indorse
negotiable paper for the money so borrowed. ( Fifth, Ward Savings Bank v.
First National Bank, 48 N. J. Law, 513.)
Wrongful payment to agent:
S. drew his check for $5,000 on the People’s Bank of New York, payable to the
order of the United States Trust Company, and delivered it to C. with ver-
bal instructions to deposit it to his (S.’s) credit with the trust company. C.
delivered the check to the trust company, but, instead of doing as directed,
requested and received from the company a certificate of deposit payable
to himself as trustee of S., and shortly thereafter drew the money and con-
verted it to his own use. Held, that the trust company was not authorized
in paying the money to C., and was liable to the executors of S. for the
amount. The use of the company’s name as payee of the check indicated
the drawer’s intention to lodge tiie moneys in its custody and place them
under its control, and nothing further than this was inferable from the lan-
guage of the check. ( Sims v. United States Trust Company, 103 N. Y., 472.)
Note. — Upon the trial, evidence of a custom to make such payments was sub-
mitted to the jury ; but the evidence was conflicting, and the jury found
against the existence of the custom. (Id.)
Evidence of custom to borrow money :
In order to show that the borrowing of money was within the scope of the ordinary
and customary business of a firm doing a banking business, evidence that
such is the custom of the banks in the same place is admissible. ( Crain et
at. v. National Bank, 114 III., 516. )
Payments through clearing-house :
(a) Where, by the rules of a clearing-house, checks not good are to be returned
by the banks receiving them to the banks from which they are received
as soon as the fact that they are not good is discovered, and in no case to be
retained after a certain hour, yet when by mistake as to a matter of fact a
bank has delayed to return a check until after the hour so fixed, it may
demand repayment of the other bank, if in the interval between the time fixed
by the rule and the time of the actual return the latter bank lias not changed its
position, as, for instance, by paying over the amount of the check to the person who
had deposited it for collection. ( Merchant’s Bank v. Bank of Commonwealth,
139 Mass., 213.
( b ) But in such case the recovery could be only the difference between the sum
which the depositor has to his credit and the amount of the check; not-
withstanding that, by the course of dealing between banks in the clearing-
house association, the ordinary custom is to return the check as not good
when there is not money enough to pay it in full ; for the clearing-house
rules not having been complied with by the return of the check within the
time fixed, these rules can not control in determining how much shall be
returned after payment of it has been made. ( Merchants’ Bank v. Bank of
Commonwealth, 139 Mass., 513.)
155
156 REPORT OF THE COMPTROLLER OF THE CURRENCY
Payments through clearing-house— Continued.
Note. — Under a similar rule of tlie Chicago clearing-house it has been held by
the United States circuit court for the northern district of Illinois that no
such mistake could be corrected after the time alio red by the rule. Blod-
gett, J., said: “If parties competent to contract within what time tbey
may correct mistakes in their dealings with each other have so contracted,
it seems to me the courts have no right to override or disregard such an
agreement. If a mistake which is discovered within an hour or within ten
minutes after the expiration of the time limited by the agreement for its
correction may be corrected, I can see no reason why it can not be corrected
a week afterwards, or whenever it is discovered.” ( Preston v. Bank, 23
Fed. Hep., 179.)
Pass-book :
(a) The duty of a depositor in respect to examining his pass-book and reporting
any mistake to the bank is such as that which prudent men usually bestow
on the examination of such accounts. ( Leather Manufacturer s’ Bank v. Mor-
gan, 117 U. S., 90.)
( b ) And by neglecting to make an examination of his pass-book within a reasona-
ble time, a depositor may estop himself from afterwards questioning its
correctness. {Ibid.)
Duties and liabilities of banks making collections:
(a) Where a certified check is left with a bank for collection the collecting
bank does not discharge its duty by forwarding that check to the bank on
which it is drawn ; and if it does so forward the check, and loss results, it
will be liable for such loss. {Drovers' National Bank v. Provision Co., 117
III., 100.)
{b) Nor would it in any case be a sufficient discharge of the duty of the collect-
ing bank to forward the check to the bank on which it is drawn. {Mer-
chants' National Banlcx. Goodman, 109 Penn. St., 422.)
Note. — In Indig v. National City Bank, 80 N. Y., 100, it was said that when
there are no indorsers to charge, sending the check through the mail to the
bank on which it is drawn is a good presentment. {See also Hey wood v.
Pickering, L.B., 93 B., 428.)
(c) Where paper is received by a bank in the ordinary course of business for
collection, such bank will be responsible for the neglect or misconduct of
any sub-agent employed by it in the business of making the collection.
{Simpson v. Walby, Supreme Ct. Mich., 1866, 30 N. TV. Pep., 199.)
Note. — The same rule has recently been adopted by the Territorial court of
Montana. {Power v. First National Bank, 6 Mont., 251.)
This is now the rule in the Supreme Court of the United States {Exchange
National Bank v. Third National Bank, 112, U. S., 276); in England {Mack erst/
v. Ramsay, 9 Cl. and Fin., 818) ; in New York {Ayrault v. Pacific Bank, 47
N. Y., 570); in New Jersey {Titus v. Mechanics' Bank, 35 N. J. Law, 588);
in Pennsylvania {Wingate v. Mechanics' Bank, 10 Penn. St., 104); in Ohio
{Reeves v. Stale Bank, 8 Ohio St., 465); in Indiana {Tyson v. State Bank, 6
Blackf., 225); in Michigan {Simpson v. Walby, supra), and in Montana.
In other jurisdictions the rule prevails that the bank is only bound to transmit
the paper to a suitable agent at the place of payment for that purpose, and
when a suitable sub-agent is thus employed, in good faith, the collecting
bank is not liable for his neglect or default. This is the rule in Massachu-
setts. ( Fa ben s v. Mercantile Bank, 23 Pick., 330; Dorchester Bank v. New
England Bank, 1 Cush., 177) ; in Maryland (Jackson v. Union Bank, 6 liar,
and Johns., 146); in Connecticut {Lawrence v. Stonington Bank, 6 Conn., 521 ;
East, lladdam Bank v. Scovil, 12 Conn., 303); in Missouri {Daly v. Butchers
and Drovers' Bank, 56 J/o.,94); in Illinois {JEtna Insurance Co. v. Alton City
Bank, 25 111. 243); in Tennessee {Bank of Louisville v. First National Bank,
8 Baxter, 101) ; in Iowa {Guelich v. National State Bank, 56 Iowa, 434) ; in
Wisconsin {Stacy v. Dane County Bank, 12 I Vis., 629 ; Vilas v. Bryants, Id.,
702).
Bankers’ lien and right of set-off:
(«) Where a customer deposited with his bankers a policy of life insurance to
secure any indebtedness of his to them then due, or which should there-
after become due, not exceeding at any ono time the sum of £4,000 : —
Held, that the bankers had no lien for any indebtedness of the customer in
excess of £4,000; for as the express terms of the deposit limited the se-
curity to that amount, it would bo inconsistent with those terms that the
bank should hold the policy for something more. {Earl of Strathmore v.
Vane, L. R., 33 Ch. Dir., 586.)
REPORT OF THE COMPTROLLER OP THE CURRENCY. 157
Bankers’ lien and right of set-off — Continued.
(b) Where agents deposit money in bank for the benefit of their principals, and
the purpose of the deposit is known to the bank, the deposit is impressed
with a trust, and the bank can not charge against it any indebtedness of the
agents, even with their consent. ( Baker et al. v. New York National Bank,
100 N. Y., 31.)
(c) The general rule is that a bank has the right to set-off as against a deposit
only where the person who is both depositor and debtor stands in both
these characters alike, in precisely the same relation, and on precisely the
same footing toward the bank, and hence an individual deposit can not
be set-off against a partnership debt. ( International Bankv. Jones, 119 III.,
407.)
(d) Aud notwithstanding that it is the duty of a partner to pay the firm’s debt
to the bank, still, inasmuch as the bank could not set-off the firm debt
against his deposit, he could lawfully appropriate such deposit to the pay-
ment of a bona fide creditor of his own. (Id.)
Statute of limitations :
(a) Where notes deposited with a bank as collateral security for a line of dis-
counts are paid, it is the duty of the bank to carry the proceeds to the credit
of the borrower’s account ; when he will occupy the position of depositor ;
and then, as to any part of such proceeds, the rule will apply, that when a
deposit is made in bank the statute of limitations does not begin to run
until demand is made. ( Humphrey v. National Bank of Clearfield, 113 Penn.
St., 417.)
(b) Whenever demand is made by presentation of a genuine check in the hands
of a person entitled to receive its amount, for a portion of the amount on
deposit, and payment is refused, a cause of action immediately arises in
favor of the drawer ; and as to the amount specified in the check the statute
of limitations begins to run from that time. ( Viets v. Union National Bank
of Iron, 101 N. Y., 564.)
Although it is a general rule that a bank in accepting and paying a check drawn
by a customer is generally held to know the signature, and if a forged check
is paid by it it will not be heard to assert a mistake as to the signature, yet
where one in whose favor a forged check is drawn takes it under suspicious
circumstances, and gives it credit by indorsing his own name thereon, and collects
1<he money on it, the bank may recover the amount from him. (Bouvant v.
San Antonio National Bank, 63 Tex., 610.)
BANK OFFICERS.
Powers of officers:
The treasurer of a savings bank is an officer of much more limited powers than
the cashier of a commercial bank. His duties more nearly resemble those
of the paying and receiving tellers of banks. He can not, simply in virtue
of his office as treasurer, create obligations which will be binding upon the
bank, as by indorsement of notes, or transfer to a purchaser a promissory
note belonging to the bank. ( Fifth Ward Savings Bank v. First National
Bank, 48 N. J.; Law, 513.)
(1)) A cashier of a bank may, without authority from the hoard of directors, employ
an attorney to collect outstanding debts due the bank; and this though
the bank has regularly retained counsel. His authority in this respect is
incidental to his duty to collect. ( Root v. Olcott, 49 Hun., 536.)
(c) Knowledge acquired by the cashier of a bank in his capacity as an officer of
another corporation can not bo imputed to the hank, unless he communicated
that knowledge to some one or moro of the other officers of the bank. ( Wil-
son v. Second National Bank of Pittsburgh, 7 Att. Rep., 145.)
Cashier’s bond :
(а) The sui’eties on a cashier’s bond will not be discharged by an increase of the
capitalstockofthebank when this increase is made under the authority of
a provision of the law under which the bank is organized. The bond must
be understood and read in the light of the law existing at the time it was
made ; and the parties must have contemplated that the bank would enlarge
its business by all lawful ways and means, not going beyond a banking
business. ( Lionherger v. Krieger, 88 Mo., 160.)
(б) The cashier’s bond will not be invalidated by the fact that he is not a di-
rectoi , though the law under which the bank is organized provides that the
cashier shall be chosen from among the directors. ( Id.)
158 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Liability of director :
(a) Where a director and member of the finance committee of a savings hank,
acting with the president, invests the funds of the institution contrary to
the provisions of the taw by which it is governed, he will be liable for the
loss on such investment. ( Williams v. McDonald, 42 N. J. Eq., 392.)
( l) ) And in such case it is not essential, in order to charge him with liability for
the loss, to show that he acted fraudulently, or that he derived any benefit
from the loan ; it is sufficient that there was a culpable lack of prudence,
or failure to exercise with ordinary care his functions as quasi trustee of
the funds of the bank, by reason of which loss was sustained. (Id.)
BUSINESS PAPER.
Constitutional provisions :
(a) It is not unconstitutional for a State to enact a law making the liabilities
of signers of commercial paper made and payable within its limits entirely
different from the laws of other States respecting such liabilities, and by
statute change absolutely the operation of the law merchant, so far as it
affects contracts made and to be performed within that State. (Shoe and
Leather National Bank v. Wood, 142 Mass., 563.)
( h ) A provision in a State law requiring that the words “given for a patent
right” shall he inserted in every promissory note executed in consideration
of the sale and transfer of a patent right is constitutional. (New v. Walker,
10 Bind., 365.)
(c) This provision is in the nature of a police regulation. But independent of
this consideration it is valid, because it simply prescribes what shall be
written in a promissory note given for a particular class of property. (Id. )
Bills drawn in another country:
Where bills of exchange were drawn in France by a domiciled Frenchman, in
the French language, but according to the English form, on an English
company, by which they were duly accepted : Held, that the bills were -to
bo regarded as English bills, at least so far as the acceptor was concerned,
and that their negotiability could not be attacked by the company on the
ground that the indorsement of the drawer was not a good indorsement
according to the French law. (In re Marseilles Extension Railway and Land
Company, L. R. 30 Ch. Div., 598.)
Notes given for patent rights :
(a) Where a State statute requires that notes for which the consideration is the
assignment of a patent right shall contain the words “ given for a patent
right,” notes issued in violation of such provision will be unenforceable as
between the parties, and when in the hands of a purchaser with notice of
the nature of the consideration. (A'ewv. Walker, 108 Ind., 365.)
(I>) But they will not be void in the hands of an innocent purchaser unless the
statute, either expressly or by necessary implication, declares them to be
void. But this the Indiana statute (section 6055, R. S. ) does not do. (Id.)
Note. — Similar statutes in Pennsylvania and Ohio have received the same con-
struction. (Llaskell v. Jones, 80 Penn. St., 173 ; Tod v. Wick, 36 Ohio St., 370.)
Incomplete instrument :
Where one signs and delivers a note in blank to be used as security, the law
implies that he means to become liable upon a completed and perfected
note, and so far as the same is, at the time of his signature, an incomplete
and imperfect instrument, he is held to have authorized the filling of such
blank by the agent intrusted with the note for use ; but nothing more than
this is implied. And, therefore, if a matter of special agreement (e. g., a
provision for a special rate of interest) is crowded into it, there being
no blank space left for such insertion, the alteration is material, and dis-
charges the indorsor. ( Weyerhauser v . Dun, 100 N. Y., 150.)
Sunday contract:
Where a note is signed on Sunday, but not delivered until Monday, it is not
open to the objection that it is a Sunday contract; for a promissory note
becomes a contract from the time of its delivery. (Bell v. Mohin, 69 Iowa,
408. )
Note payable on demand;
Although the principle laid down in the case of Merritt v. Todd (23 N. Y., 28),
has been criticised in later cases, it has been acquiesced in too long as the
Jaw of Now York to bo open to question or dispute. That principle is
REPORT OF THE COMPTROLLER OF THE CURRENCY. 159
Note Payable ox demand — Continued.
that a promissory note payable on demand, with intorest, is a continuing
security ; so that the holder may make demand when he pleases, and is
not chargeable with neglect if he docs not make it within any particular
time, and an indorser on such note remains liable until an actual demand.
( Parker et al. v. Stroud, 98 N. ¥., 379.)
Promise to pay forged note:
An oral promiso to pay a note by one whose signature has been forged to the
noto is nothing more than an oral promise to pay tho debt of another, and
is ineffectual to bind the promissor. ( Smith v. Trarnel, 68 Iowa, 488.)
Authority and liability of agent:
(a) Where a bill drawn upon him by his principal is accepted by an agent by
signing his own name thereto, with the addition of words describing him-
self as agent and giving the name of his principal, he will be individually
liable upon such acceptance; and he will not be allowed to show that the
acceptance was intended to charge only his principal. ( Robinson v. Kana-
wha Valley Bank, 44 Ohio, 441.)
(&) Where a note ran “we promise to pay,” and was signed “Pioneer Min-
ing Compauy, John E. Mason, sup’t,” parol evidence was held admis-
sible, in a suit by the payee, to show that the note was given as that of
the company, and not as the note of the company and Mason. {Bean v.
Pioneer Mining Co., 66 Cal., 451.)
(c) Where a bill of exchange, drawn on a firm, was accepted by one of the part-
ners by signing the name of the firm and adding his own underneath : Held,
that the acceptance was that of the firm, and that the individual partner
was not separately liable. ( Edwards v. Barned, L. R., 32, Ch. Div., 447.)
(d) In the case of a non-trading partnership, in order to subject the firm to lia-
bility upon a bill or note executed by one partner in its name, a course of
conduct, or usage, or other facts sufficient to warrant the conclusion that
the acting partner had been invested by his copartners with the requisite
authority must appear, or that the firm has ratified the act by receiving the
benefit of it. ( Pearse v. Cole, 53 Conn., 53.)
(,e) Where a note was made payable to “the order of T. W. Woollen, Attorney-
General:” Held, that the words “Attorney-General” were merely descrip-
tive of the individual, and that as the persons in giving the note had
executed a commercial instrument, fair on its face and complete in all its
parts, they could not, as against a bona fide holder, set up the defense that
the payee had no right to transfer it. ( Walke v. Kuliue, 109 Ind., 313.)
Consideration :
(a) One dollar is a mere nominal consideration, and therefore not sufficient to
constitute the holder of a note a purchaser for value. ( Proctor v. Cole, 104
Ind., 373.)
( b ) An agreement to pay one-half the proceeds that may be realized upon a note
is a venture approaching very near a wagering contract ; at all events, it
is not such an agreement as will create a right against prior equities. (Id.)
(c) It is the law of New York that one who takes commercial paper upon a pre-
existing debt, without parting with any right or property of value, is not
a bona Ode holder for value who will be protected against the equities of
third persons. ( Webster <$• Co. v. Howe Machine Co., 54 Conn., 394.)
Note. — See for this the following New York cases: Coddington v. Bay, 20
Johns., 637 ; Stalker v. McDonald, 6 Hill, 93; McBride v. Farmers' Bank of
Salem, 26 N. ¥., 450; Comstock v. Hier, 73 N. Y., 269. For the contrary
rule see Swift v. Tyson, 16 Peters, 1 ; Railroad Company v. National Bank,
102 U. S., 14.
( d ) An existing debt is a sufficient consideration to constitute a pledgee of a
negotiable instrument a holder for value. ( Spencer v. Sloan, 108 Ind., 183.)
(e) The pledgee of negotiable securities received by him as collateral security
for an antecedent debt is not a holder for value, and is not protected from
antecedent equities. ( Appeal of the Leggett Spring and Axle Co., Ill Penn.
St., 291.)
Note. — The rule in the Supreme Court of the United States is in accordance
with that in the Indiana case. ( Railroad Company v. National Bank, 102 U.
S., 14.)
(/) If the compounding of a felony affected the consideration of a note in any
way, or such purpose entered into the consideration, or such motive actuated the
maker in any respect, the contract is illegal. And, therefore, where H. and
his wife had given their note to R., the employer of their son, to prevent R.
160 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Consideration — Continued.
from criminally prosecuting the son for theft, they could not recover from
R. the amount which they had been compelled to pay to a bona fide pur-
chaser of the note ; and in such case the makers of the note could not set
up that it was obtained from them by duress and undue influence : for such
a right does not exist when the contract is tainted with a corrupt consid-
eration. ( Haynes v. Rudd, 102 N. F., 372.)
(g) If one becomes a bona fide holder for value of a bill before its acceptance,
it is not essential to his right to enforce it against a subsequent acceptor
that an additional consideration should proceed from him to the drawee.
The holder does not trust wholly to the credit of the drawer. He believes
and expects that the drawee will accept, and upon such belief and expecta-
tion he acts. (Ileuterematte v. Morris, 101 N. P.,63; Credit Company v. Howe
Machine Co., 54 Conn., 357.)
(h) The promise of a husband who has borrowed money of his wife to pay it to
her children is a consideration sufficient to constitute one of those children
a bona fide holder of a note assigned to him by the husband. ( Proctor v.
Cole, 104 Ind., 373.)
(i) Where the instrument to secure which negotiable securities are deposited
as a pledge turns out to be a forgery, this circumstance will not defeat
the title of the pledge to the securities; for these having in themselves a
negotiable character, the pledgee does not need to make any other title to
them than such as springs from a delivery for value. ( Fifth Ward Savings
Bank v. First National Bank.)
(j) Where a bank has discounted for the drawer drafts to which forged bills of
lading are attached, the acceptors can not afterwards defeat the claim of
the bank on the ground that they accepted the drafts in the belief that the
bills of lading were genuine. (Goetz v. Bank of Kansas City, 119 U. S., 551.)
(k) After discounting the drafts the bank stands towards the acceptors in the
position of an original lender, aud can not be affected in its claim by the
want of a consideration from the drawer for the acceptance or by the fail-
ure of such consideration. (Id. )
(l) To enable one of the makers of a, joint note to set up the defense that as to
him there was no consideration for it, he is not necessarily obliged to show
that it was without consideration as to all the makers; for, though pre-
sumably all makers executed it at the same time, and upon ample consider-
ation as to each and all, it is possible that one might have sigued the note
without any consideration for his contract running to him or to any one
else. (Moyer v. Round, 102 Ind., 301.)
Presentment and notice:
(a) As to every bill not payable on demand, the day on which payment is to
be made to prevent dishonor is to be determined by adding three days of
grace, where the bill itself does not otherwise provide, to the time of pay-
ment as fixed in the bill. Thus, whore the acceptor had stated in his ac-
ceptance “ Due 21st May,” it was held that the bill was not due until three
days after the 21st of May. The time named in the acceptance after the
word “ due” was to be regarded as the time of payment to which days of
grace were to be added, and not as a date which included days of grace.
(Bell v. First National Bank of Chicago, 115 U. S., 373.)
(h) A draft drawn upon a bank, and purporting to be drawn upon funds de-
posited, and payable on demand, is to be regarded as a banker’s check.
And where such a draft is payable at a different place from that in which
it is negotiated, the holder should, as a geueral rule, forward it for pre-
sentment on the day on which it is received, or on the next succeeding day ;
and although this general rule may be varied by the particular circum-
stances of the case, the presentment must be made, in overy instance, with
all the dispatch and diligence consistent with the transaction of other com-
mercial matters. Therefore, where the holders retained a draft for several
days in their possession, for no other reason than that they chose to send
it through a local bank with which they did business, and it did not suit
their couvenieuce to deposit it at an eariior date : Held, that they could not
recovor against the indorsers. (Northwestern Coal Company v. Bowman <$• Co.,
69 Iowa , 150. )
(c) And in such case it makes no difference as between the indorsee and his in-
dorsor that tho drawer had no funds on doposit with the bank at the time
the draft was drawn. (Id.)
(d) Where notice of the dishonor of a draft was sent by tho notary to the in-
dorsors at Boone, Iowa, when their post office address was Odebolt, in a dif-
ferent county : IJeld, that this was not a sufficient notice to fix their lia-
bility. (The Northwestern Coal Company v. Bowman if Co., 69 Iowa, 150.)
REPORT OR THE COMPTROLLER OF T11E CURRENCY. 1G1
Pkksextmbnt and notice— Continued.
(e) Where there was written upon a note “I hereby acknowledge the receipt
of notice of protest on the within note,” and this was signed by all the in-
dorsers: Held, that the word “protest” included all acts necessary to hold
indorsers, and the legal effect of the acknowledgment was to release the
holder from any obligation to make demand or give notice. ( City Saving s
Hank v. Hopson, 58 Conn., 453.)
Bona vide iioldeu:
(a) Mere notice of facts such as would have put a prudent porsou upon inquiry
is not sufficient to impeach the title of the holder of negotiable paper taken
for value before maturity, and his right to recover can be defeated only by
proof of such circumstances as show that ho took the paper with knowl-
edge of some inlirmity in it, or with such suspicion with regard to its va-
lidity as that his couiluct iu taking it was fraudulent. ( National Bank of
the Republic v. Young, 41 N. J. Eq., 531; Fifth Ward Savings Bank v. First
National Bank, 48 N. J. l.atc, 513; Credit Co. v. Howe Machine Co., 54 Conn.,
357; Morion f Bliss v. N. 0. and Selma Bailway Co., 79 Ala., 590.)
(b) Therefore, where the vice-president of a bank, who had negotiated a loan
upon the paper of a corporation, was advised by one of the officers of the
corporation that it had outstanding a large amount of accommodation pa-
per: Held, that this was not sufficient to defeat the claim of the bank as a
bona tide holder of paper of the corporation discounted after such notice to
the vice-president. ( National Bank of the Republic v. Young, supra.)
(c) But in cases of this kind the burden of proof is on the holder to show that
he took the instrument before maturity bona tide and for value. The mere
possession of it, when it has been obtained or issued under such circum-
stances, is not enough. (Id.)
(d) But when he has shown that he became the holder of it before maturity
and for value, in the due course of business, he has established all the
facts that are necessary to fuliill the burden of proof laid upon him, and
from these facts the law will imply that he is a bona tide holder, unless there
should be circumstances from which bad faith may be inferred. (Id.)
(e) The bad faith in the taker of negotiable paper which will defeat a recovery
• by him must be something more than a failure to inquire into the consid-
eration upon which it is made or accepted, because of rumors of general
reputation as to the bad character of the maker or drawer. (Goetz v. Bank
of Kansas City, 119 U. S., 551.)
(/) The failure to pay interest ou coupon bonds as it becomes due does not dis-
honor them before maturity so as to subject them to antecedent equities in
the hands of otherwise innocent purchasers for value. (Morion Bliss v.
N.O. and Selma Railway Co., 79 Ala., 590.)
(g) Where a negotiable bond or other negotiable instrument is taken in such a
way that the purchaser is not affected by antecedent equities, a mortgage
given to secure payment is likewise protected against such latent defenses.
(Spence v. Mobile and Montgomery Railway Co., 79 Ala., 576.)
Note. — The contrary is held in Ohio and Illinois. (See Bailey v. Smith, 14
Ohio St., 396 ; Kleeman v. Frisbie, 63 III., 462.)
(ft) Where the condition of a bond is that the principal shall become due and
payable upon the failure to pay any of the coupons as they become due, after
demand made, the fact that the bonds have so become due and payable, as
it rests upon an extrinsic matter, foreign to the face of the paper, and
which does not dishonor it upon its face, does not of itself operate to charge
the purchaser with knowledge that the bonds have been dishonored. The
law does not in such case charge him with knowledge of the fact, unless he
either knows it, or exhibits bad faith by intentionally avoiding a knowl-
edge of it. And mere neglect to iuquire whether there has been a demand
made is not evidence conclusive of a fraudulent intent. (Morton Bliss
v. N. O. and Selina Railway Co., 79 Ala., 590.)
(i) Where a State repeals the law under which it had become the indorser of
the bonds of a corporation, and by which provision was made for the pay-
ment of the bonds in the event of a default of payment by the corporation
as maker, such action — whether or not it was an open repudiation by the
State of its liability as indorser of the bonds, such as to dishonor them ipso
facto — was at least sufficient to put the purchaser on inquiry, and charge him
with notice of the fact that there was something wrong about the bonds,
especially when taken in connection with another fact — that, at the time
of such repeal, several years of overdue coupons remained unpaid, and
were attached to the bonds. (Morton <)’• Bliss v. Neiv Orleans and Selma Rail-
way Company, supra.)
8770 CUR 87 11
162 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Boxa fide holder — Continued.
( j ) By the law of Kentucky, promissoi’y notes in the hands of an indorsee are
subject to any defense, discount, or offset that the maker had or might
have had against the payee before notice of the assignment. ( Shoe and
Leather National Lank v. Wood, 142 Mass., 536. See Gen. Sts. of Kentucky,
o. 22, secs. 6, 22. )
Checks:
(a) Where by the law of a State the drawing of a check by a depositor amounts
to an assignment of his deposit pro tanto, that result will follow where the
check is upon a bank in that State, though the check is drawn in another State
in winch this peculiar rule as to the effect of drawing a check does not pre-
vail. (Bank of America v. Indiana Banking Company, 114 III., 483.)
(b) A check becomes no valid claim upon the funds against which it is drawn
until the bank is notified of its existence. (Laclede Bank v. Schuler, 120 U.
5., 511.)
(c) And however the doctrine that a check is an appropriation of the amount
for which it is drawn of the funds of the drawer in the possession of the
bank may operate to secure an equitable interest in the funds after notice
given to the bank (a question which the court expressly stated it did not
undertake to decide), yet the bank, so far as concerns itself and its duties
and obligations in regard to the fund, remains unaffected by the execution
of the check until notice has been given to it, or demand of payment made
upon it. (Id.)
(d) Although the practice of drawing instruments in sets for the payment of
money is generally confined to foreign bills of exchange, yet there is noth-
ing in the purpose or effect of that practice which would render it inappli-
cable under all circumstances to checks. And, therefore, the character of
an instrument as a check is not destroyed by the fact that it contains the
words “original” and “second unpaid.” These words do not make the
instrument payable conditionally. (Merchants’ National Bank v. Betzinger,
18 5111., 484.)
(e) Whenever demand is made by presentation of a genuine check in the hands
of a person entitled to receive its amount., for a portion of the amount on de-
posit, and payment is refused, a cause of action immediately arises in-favor
of the drawer; and as to the amount specified in the check the statute of
limitations begins to run from that time. ( Viets v. Union National Bank of
Troy, 101 N. F.,564.)
(/) Where by the law of a State the drawing of a check by the depositor oper-
ates as the assignment of the deposit pro tanto, a bank in such State upon
which process of garnishment has been served should be allowed credit for
the amount paid upon checks of the depositor drawn before such service
though not presented for payment until after such service. (Bank of America
v. Indiana Banking Co., 114 III., 483.)
(g) But for no credit for checks paid after service, and which do not appear to
have been drawn before. (Id.)
(h) A fraudulent change in the date of a check, whereby the time for its pay-
ment is accelerated, is an alteration which vitiates the instrument. (Craw-
ford v. West Side Bank, 100 N. ¥., 50.) •
(i) If a bank pay a check so altered, it cau not charge the amount against the
account of the drawer. (Id. )
(j) And holding the check until its true date will not entitle the bank to charge
i t to the drawer, for the possibility that the check could ever become a legal
liability in the hands of any person was destroyed by the fraudulent alter-
ation. (Id.)
Paper of corporations:
(a) A corporation engaged in business has implied power to make negotiable
paper for use within the scope of its business, but it has no power, express
or implied, to become a party to bills or notes fpr the accommodation of oth-
ers, and such paper is valid and enforceable only in the hands of a holder
taking the same before maturity bona lido and without notice. (National
Hank of Republic v. Young , 41 N. J. Eq., 531.)
(b) The general doctrine of the law is that where a corporation has powers
under any circumstances to issue negotiable paper, a bona-fide holder has a
l ight to presume that the paper was issued under the circumstances which
give the requisite authority, and such paper is no more liable to bo im-
peached for any infirmity in the hands of such a holder than any other
commercial paper. And this doctrine is applied to commercial paper made
by a corporation for the accommodation of a third person when in the
bands of a bona-fide holder who has discounted it before maturity on the
faith of its being business paper. ( Id. )
REPORT OF THE COMPTROLLER OF THE CURRENCY. 163
Pap.br of corporations— Continued.
(o) As corporations may accept drafts for some purposes, and as tlie purpose for
which a draft is drawn does not ordinarily appear on its face, the question
as to all parties with notice is, Was it drawn for a legitimate purpose 1 As
to all others the implied inquiry is, Is the holder a bona-fide holder for
value ? ( Credit Company v. Howe Machine Co., 54 Conn., 357.)
(,d) Although it is a correct proposition that persons dealing in the commercial
paper of a corporation are bound to take notice of the limits of the cor-
porate power in this respect, yet a distinction is to be observed between the
terms of the power and the circumstances under which, it is exercised. Parties
must take notice of the former, but they are not required to have knowl-
edge of the lat ter. And, therefore, a purchaser of such paper, when the
same has beeu accepted by the proper officer of the corporation, is not
bound to inquire whether it was issued in the legitimate exercise of the
officer’s power to so bind the corporation, for this he has the right to pre-
sume. ( Credit Company v. Howe Machine Co., 54 Conn. ,357.)
(e) The fact that bonds of a private corporation were sold in violation of a re-
striction in the charter as to the price can not be set up to defeat the claim
of a bona-fide holder of such bonds. ( Ellsworth v. St. L.,A. $ T.B.B. Co.,
98 A'. Y., 553.)
(/) When a corporation gives its promissory note in pursuance of a contract,
which is afterwards performed on his part by the payee, the corporation
can not, in a suit upon the mite, set up that the contract was ultra vires.
(Main v. Casaerly, 67 Cal., 127.)
Provisions which destroy negotiability:
(a) Where a note was made payable twelve months after date, but contained a
further provision “that the payee or his assigns may extend the time of
payment thereof from time to time indefinitely, as he or they may see fit ” :
Held, that t he later provision, as it made the time of payment uncertain and
indefinite, destroyed the negotiable character of the instrument. ( Gidden v.
Henry, 104 Ind., 278.)
(b) Where a note contained the following stipulation: “This note is given in
consideration of, and is subject to one certain contract existing between S. B.
. J. Bryant and Jacob Haas, of even date with this”: Held, that this pro-
vision destroyed the negotiable character of the instrument, and that the
assignee took it subject to all existing equities. ( McComas v. Haas, 107
Ind., 512.)
(c) A note containing a power of attorney, which, in effect, authorizes a con-
fession of judgment at any time after date is not negotiable. ( Richards v.
Barlow, 140 Mass., 218.)
(d) A provision in a note for the payment of an attorney’s fee in case suit should
be brought, thereon destroys the negotiability of the instrument. (Chase
v. Whitmore, 68 Cal , 545.)
( e ) But an agreement inserted in a note to pay “ all costs of collection, includ-
ing 10 per cent, attorney’s fees,” does not render the note non-negotiable.
This stipulation does not make the amount which the maker is to pay un-
certain, for the promise to pay a fee of 10 per cent, excludes the possibility
that the makers could bo compelled to pay a fee more or less than that
amount, and as to the costs, as they must necessarily fall upon the losing
party, the stipulation as to them is to be regarded as mere surplusage.
(Sclilesinger v. Arline ( U. S. C. C. S. D. Georgia), 31 Fed. Ilep., 648.)
Note. — As to whether a provision for the paymeut of an attorney’s fee
will render a note non-negotiable, the authorities are conflicting. That
it will have this effect has been decided in Pennsylvania (Woods v. North,
84 Penn. St., 407); Missouri (First National Bank v. Gay, 63 Mo., 38); Minne-
sota (Jones v. Radatz, 27 Minn., 240); Wisconsin (First National Bank v. Lar-
sen, 60 Wis., 206); North Carolina (First National Bank v. Bynum, 84 N. C.,
24); and in the United States circuit court for the district of Minnesota,
14 Fed. Rep., 705. The contrary rule prevails in Indiana (Stoneman v. Pyle,
35 Ind., 103 ; Wyant v. Pattorf, 37 Incl., 512) ; Iowa (32 Iowa, 184) ; Kansas
(Seaton v. Scoville, 18 Eans., 433) ; Louisiana ( Dietrich v. Bay lie, 23 La. Ann.,
767) ; Nebraska (Heard v. Dubuque Bank, 8 Nebr., 10).
In neither class of cases is any distinction taken between provisions for a fee
at a fixed percentage and a provision to pay a “reasonable attorney’s fee”,
or simply “ an attorney’s fee”. The courts which sustain the negotiability
of notes containing such provisions, rest their decisions in the main upon
the ground that so long as the amount payable is certain up to the time
of maturity and dishonor, it is not essential that after that time, when
the instrument has for other reasons become non-negotiable, the certainty
164 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Provisions which destroy negotiability— Continued.
as to the amount should continue (see Stoneman v. Pyle, supra, and
Wyant v. Pottorf, supra). The courts which hold that such provisions de-
stroy the certainty essential to commercial instruments follow the reason-
ing of Sharswood, J., in Woods v. North, supra. Iu that case the stip-
ulation was to pay “five per cent, collection fee if not paid when
due”. In the course of his opinion Judge Sharswood said: “It is a
mistake to suppose that if this note was unpaid at maturity the live per
cent, would be payable to the holder by the parties. It must go into the
hands of an attorney for collection. It is not a sum necessarily paya-
ble. The phrase “ collection fee” necessarily implies this. Not only so,
but this amount of perceutage can not be arbitrarily determined by the
parties. It must be only what would be a reasonable compensation to an
attorney for collection. This, in reason and usage of the legal profession,
depends upon the amount of the note. * * * How then can this note
be said to be certain as to its amount, or an amount unaffected, by auy con-
tingency ? Interestand cost of protest, after non-payment at maturity, are
necessary legal incidents of the contract, and the insertion of them in the
body of the note, would not affect its negotiability. But a collateral
agreement, as here, depending, too, as it does, upon its reasonableness, to
be determined by the verdict of a jury, is entirely different. * * * If
this collateral agreement may be introduced with impunity, what may not
be ?”
Defenses :
(a) In a suit upon a promissory note evidence is not admissible to show that
the note was given upon an understanding between the parties that it
should not be of auy force. ( Davy v. Kelly, 66 Wis., 452.)
( b ) The drawer of a bill of exchange will not be permitted to show that at the
time the instrument was drawn there was verbal agreement that he should
not be held liable thereon as drawer. ( Cummings v. Kent, 44 Ohio St., 92.)
(c) Although it is the rule in Iowa that when there is a blank indorsement of
a promissory note, a different contract from that which iu such case is im-
plied by law may be established by parol evidence, yet this rule will not be
extended further so as to allow it to be shown by parol that no contract of
any description was entered into or intended by such indorsement. ( Gene -
ser v. Wissner, 69 Iowa, 119.)
(d) Where the payee of a promissory note is sued as indorser thereon, he may
show by parol evidence that when ho wrote his name on the note the note
had already been paid, and that he put his name thereto at the request of
the holder merely as evidence of the payment. ( Spencer v. Sloan, 108 Ind.,
183.)
(e) Where a promissory note has been given in part payment of a house, the
maker of the note may, as against the purchaser of the note with notice of
the facts, set up as defense to it the damages sustained by him by reason
of the false aud fraudulent representations of the vendor as to the condi-
tion of oue of the walls. ( Applegarth v. Robertson, 65 Aid. , 493.)
(/) Tho rule early established in Pennsylvania, that an indorser of a negotia-
ble instrument is not a competent witness to invalidate it, is still adhered
to iu that State. It has not been changed by legislation. ( John's Adm'r
v. Pardee, 109 Penn. St., 545.)
Indicia of ownership:
Whore by the laws of the State a married woman can not transfer ivithout the writ-
ten or oral assent of her husband, shares of stock held by her in a corporation,
and she delivers to her husband the certificates of stock and a power of at-
torney in blank, and such stock is pledged by the husband, but tho power
of attorney is not accompanied by written evidence of the assent of the husband,
a transferee from the pledgee is put upon inquiry, and his title to the stock
can be no better than that which by the assent of the husband the pledgee
had; for in such case, all the indicia of ownership are not conferred upon
the pledgee. ( Leiper’s Appeal, 109 Pa., 377.
Amount which pledgee may recover:
Where negotiable instruments have been transferred as collateral security by
one who is not a bona-fide holder for value, the pledgee, if he has taken
the instruments in good faith for value before maturity, will still bo allowed
to prove against the maker of the instruments for the full amount thereof;
but tho amount of his recovery can not exceed the debt for tho security of
which the instruments were pledged, and interest. ( Morton <)'• Bliss v. New
Orleans and §clma Railway Company, 79 Ala., 590.)
REPORT OF THE COMPTROLLER OF TITE CURRENCY. 165
PROPOSITION I.
To eliminate from the national-hank laws the note-issuing f unction of the hanks.
1. Wisconsin— Bank.
Favors retention of the present charter, annual examination of hanks, and the
repeal of the law requiring banks to own bonds and to take out currency.
2. Wisconsin— Bank.
Favors the repeal of the provision requiring a deposit of United States bonds as
security for notes, and the banks to give up circulation and to continue in
the system.
3. Minnesota— Bank.
Suggests that if the hanks can not make a small profit on circulation they should
not be required to furnish circulation at a loss, and states that with the present rates
of interest and the premium on bonds any circulation producesloss.
Favors the repeal of the law requiring tho deposit of United States bonds. If the
deposit of bonds is left optional with tho banks, such as make a profit on circulation
can still take advantage of it, and others will not be compelled to maintain a circu-
lation at a loss,
Favors the retiring of all tho circulation of his bank and tho sale of their bonds,
if his bank could remain in the national-bank system.
4. Michigan — Clearing-House.
While he favors plan No. I, proposition No. V, and thinks its enactment into a
law would cause all banks to become national banks, and thousands of new
banks to be organized, he fears it would bring about a tremendous expansion
of the currency and an era of wild speculation, and it would be doubtful if
paper and gold currency could be maintained on an interchangeable basis.
Thinks it would be wiser to seek relief in a less dangerous way, and in a manner
to modify the prejudices against the banks.
When the national-bank act was passed the Government was pressed for funds,
and the banks were compelled to buy bonds before they could be authorized
to commence business. Now the conditions are reversed, and the necessity
for compelling the banks to buy bonds has passed. For this reason the simple
repeal of the sections of the national-bank law requiring the banks to hold
bonds would give all the relief needed.
Suggests, with this exception, that the act be left as it is, and banks with long-
time bonds can still be banks flf issue, and new banks could elect to be banks
of deposit only.
Thinks the supervision of tho banks by the Government, the protection of the
depositors, public statements, annual statistics, etc., would render national
banks superior to State banks.
If the banks should, as they may, cease to be banks of issue, there would be some
danger of a large contraction of the currency, caused by deposits of legal-
tenders to redeem circulation, but suggests that surplus silver coinage might
be made available.
If the demand for bonds as a basis for circulation ceases, the prices of United
States bonds might fall to a point at which the Government could buy them
with its surplus revenue.
5. Colorado.
That as banking is a business carried on for purposesof gain, like mercantile and
manufacturing businesses, thinks it is equally as sensible and reasonable for
the Government to issue bonds to form a permanent basis for any and all
businesses as for the banking business.
6. California — Journalist.
Currency and its proper management is a mattes of abstract fixed science. All
changes entail loss to some, gain to others. The shrewd and capable secure
the gain ; the loss falls on those least able to bear it.
True money is an article of some intrinsic value, as gold, silver, etc., stamped as
to quality, fineness, and weight, and worth the face value of the stamp, less
the cost of coinage. Every piece, whether gold or silver, must maintain its
relative value. If not fixed in relative value, or nearly so, one of them must
be the standard and remain fixed, and the other must follow it continually.
166 REPORT OF THE COMPTROLLER OF THE CURRENCY.
6. California — Journalist— Continued.
If in 1880 a grain of gold is worth 20 in silver, the coin must he made on that
basis; and if in 1890 it be worth 25, the silver must be that much larger.
No sensible man will lay up a silver dollar worth only 90 cents, when he can
get a gold one worth 98 cents.
Would coiu all the gold that could be bought at such figures as to pay for coin-
age, and keep all in circulation save a needful reserve for the use of the
Treasury.
Would coin all the silver in like manner, of such weight that the silver dollar
will have all the intrinsic value of the gold dollar, less cost of coinage.
A commercial people need paper money as well as gold and silver. This paper
money should be a promise to pay of the nation, alegal tender for all purposes
whatsoever, and maintained at par, as nearly as possible, by the following
machinery :
Whenever the legal tender is at par all Government salaries to be paid therein ;
when 1 per cent, below par, one-tenth of the issue to be cut off, and as they
went down 1 per cent, more, two-tenths. Should they reach 3 per cent,
discount, the issue should cease.
In every great commercial center there-shoukl boa sub-treasury, where the legal
• tender could beexchanged at pleasure for coin or bonds. No national banks.
Let banks, like churches, be clear of the State.
This system would develop these things, to wit:
.Just how much paper money the people need and will absorb without discount.
An automatic adjustment, depending on no man, but < n law and fact. The fact of
a discount arising, the law operates as a matter of course.
A perfect regulation of the currency, filling the gap when gold and silver go
abroad, and retiring on their return. In the event of famine, plague, etc.,
and we should have all to buy and nothing to sell, as our coin went abroad
this paper would fake the place of the coin without a jar. We would save
the interest on all the paper afloat.
This paper would rest upon the property of the nation, and not upon any sup-
posed gold or silver in the Treasury. A run on the nation would be met by
interesi -bearing bonds at 2, 3, 4, or 5 per cent., as the case demanded.
7. Maine— Bank.
Suggests that as the Government no longer needs to force a market for its bonds,
the section of the currency act requiring banks to hold them be repealed, leav-
ing it optional with the banks to hold bonds and have circulation, or to dis-
pense ■with both.
If holders of long-time bonds did not feel that the banks must have them, it is
possible that they would decline, and the banks or the Government might feel
it advisable to purchase them. t
Suggests that as State banks were driven out of existence by tax on circulation,
• it would not bo improper to return the tax on circulation paid by national
banks since the war, less the actual cost of maintaining thenystem.
8. District of Columbia — Employe of Treasury Department.
Suggests that inasmuch as the motive for the compulsory provision of law re-
quiring banks to deposit United States bonds before commencing business no
longer exists, the law should be modified or changed from a compulsory pro-
vision to an optional one, retaining all the other features of the national-
bauk act not inconsistent. with this provision.
Such a change would not alter the present condition of the banks; they would
still bo the means of providing circulation, and of procuring the greatest
elasticity ; the scarcity of bonds or high premiums would cease to bo an im-
pediment to the successful establishment of banking associations, and it would
allay the fears of Congress as to contraction of the currency.
9. Florida.
Thinks that the national bank, like the internal-revenue system, is a war meas-
ure, and therefore no longer necessary, as it is doing a work which the Gov-
ernment can do at a less cost to the people. The Government alone should
issue currency.
10. Kansas— Bank.
As the need for creating a market for United St ates bonds has ceased, would
amend Iho law so as to leave it optional with the banks to deposit bonds and
issne circulation or not. Banks already organized to have the option of re-
deeming circulation with lawful money and to withdraw bonds.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 1G7
PROPOSITION II.
To increase the, inducement s for the hanks to deposit United States hands as a basis of na-
tional-hank circulation.
( a ) By increasing amount of circulation issued on such bonds —
1. To par of bond.
2. To, or nearly to, their market value.
( h ) By reducing or taking off the tax on circulation.
1. Ohio — Bank.
Suggests raising circulation to the face value of the bonds deposited, and the re-
duction of tax on circulation to one-half of 1 per cent, per annum.
2. New York— Bank.
Thinks plan No. I, proposition No. Y, inadmissible, unless the Government, in
consideration of the 1 per cent, sinking fund, and the lien on the assets of the
banks, guarantees prompt redemption of the notes as now, but doubts the
wisdom of this. Thinks that any issue of currency on credit of any kind
whatever, which requires tho refusal of a bank note because the bank issuing
it has failed, ought not to be sanctioned by the Government, for however
certain ultimate payment may be, necessity to discredit the note would be
fatal to the system.
Can see no better reason to advocate the plan for the deposit of silver as security
for national bank issues, as it would introduce too much of the speculative
element into banking, and probably lead to grave results with the Treasury
in depreciation of silver. It would have a tendency to delay and prevent an
international agreement upon a ratio with gold for unlimited free coinage of
both metals. Suggests :
(1) That 1 per cent, be taken off the tax on circulation, for the reason that when
national banks were authorized the Government needed every resource of taxa-
tion, and the banks then bought 6 per cent, bonds at par or under, in currency,
with interest payable in gold and salable at 150 to 200, which gave the banks
equal to 10 or 12 per cent, on their investment. The current interest rates
and the general business of the country enabled the banks to then make large
profits. The tax ought now to be removed.
(2) One hundred dollars, instead of $90 on the $100 of United States bonds, should
be issued to the banks when $100 will not exceed 90 per cent, of the market
value of the bonds deposited.
These two provisions will enable the banks to use United States bonds at some
profit for circulation, as they are now outstanding for the term of existence of
any bank now organized.
(3) Urges legislation against State taxation of national banks.
Suggests that the issue of currency is not the most useful function of national
lianks ; they are necessary to the country and to tho Government as an agency
to bring the people in contact with the Government, and to place commerce
and the wealth of the country in sympathy and support of the financial plans
of the Treasury, and without a substitute system of much the same character,
commerce and industry must be turned backward a generation.
Objects to a return to the old State-bank system, and also objects to the engraft-
ing of any such system on the national-bank system.
3. Ohio— Bank.
Is satisfied to see the national-bank notes disappear with tho public debt. To
reduce the “harm” to a minimum he would have Congress authorize the is-
sue of notes to banks equal to the market value of securities deposited.
See also plans Nos. 3, 5, and 6 under proposition III.
PROPOSITION III.
To provide by neio issues of bonds for a continuance of the present or of some modified sys-
tem of national-bank circulation based on United States bonds.
1. Maryland— Private Bank.
Suggests issuing a large long loan at 2£ per cent, per annum interest, at par, for
United States notes, and the retiring of the 4£’s on the best terms. If a larger
amount is wanted then retire part of the 4’s.
Make this long loan convertible into greenbacks at the option of the holder, and
again reconvertible into said loan in sums of $100 and multiples, bearing in-
terest from the date of reissue.
168 REPORT OF THE COMPTROLLER OF TITE CURRENCY.
2. Kansas— Merchant.
Is certain of one thing in connection with the national-bank question, and that
is that the people are not ready to surrender the national banks and return
to the old State-hank system.
Suggests that a United States bond having fifty or a hundred years to run be sold or
exchanged for the 4’s now held by the banks, and that 95 or 98 per cent, of cur-
rency be issued to the banks on these bonds instead of 90 per cent., as now.
These new bonds could bear 1 or per cent, interest. This would be as prof-
itable to the banks as the present system, and much cheaper to the people,
and money thus brought into the Treasury could be used in paying off bonds
bearing interest at a higher rate. Believes the banks would be eager to take
such bonds.
If this plan is impracticable, then suggests the issuing of coin notes or certificates
(not gold or silver certificates), the Government to issue all the currency and
to supply the banks in this way.
Suggests the continued supervision by the Government of the banks as being a
good thing.
3. Virginia.
Suggests that Congress authorize the issue of 2 per cent, non-taxable bonds, not
exceeding $600,000,000, of forty years duration, to be good as a basis for na-
tional bank circulation, and when originally issued to be passed only to na-
tional-banks in exchange, dollar for dollar, for United States 4’s of 1907.
These bonds, after the original issue, to stand in all respects as other Government
bonds.
The banks to issue circulation to the face value of these bonds, instead of 90 per
cent., to which they are limited in case of other classes of bonds. The cir-
culation to be further secured in case of failure by first lien on the assets of
the bank.
Circulation based on these bonds to be free of tax.
The charter of any bank depositing those bonds as a basis of circulation, to the
extent of not less than 30 per cent, of capital, and keeping the same up to
that standard, not to expire until the maturity of the bonds.
The only problem to solve is to so adjust the time of the bonds, rate of interest,
per centum of circulation, taxation, franchises, and hinderances to the use of
other classes of bonds, so as to make it the interest of the banks to lose the
premiums on the 4’s to make the exchange.
These bonds might be for fifty or one hundred years instead of forty, redeemable
at the pleasure of the Government after forty years.
4. New York— Bank.
Congress to provide a bond to be called the “bankers’ bond,” bearing 2| per cent,
interest, and running perpetually, at the option of the holders. These bonds
to be issued only to bankers as a basis for circulation, and when deposited
with tho United States Treasurer, the Comptroller of the Currency to issue
to the banks an equal amount of national-bank currency, free from tax to
the Government.
Such a bond would never fluctuate, and as the Government would stand ready at
all times to redeem them at par in case of a failure of a bank, the holder of
the national-bank currency could not possibly sustain any loss.
This bond should read “United States banker’s bond, good for deposit with the
United States Treasurer as security for circulation of national banks only,
and payable in gold, at par, at the option of the holder, with interest at the
rate of 2£ per cent, per annum, payable in gold quarterly.”
All the 3 per cent, bonds now outstanding, that have not been called, aud those
now held by the United States Treasurer for the banks, that have been called,
but not yet exchanged, to be converted into 2| per cent, bonds, and supplied
to the banks as needed.
If the demand is greater than the remaining 3 per cent, bonds unpaid, then the
temporary retirement of greenbacks could be provided for until the 4£ per
cent, bonds mature, when the greenbacks could be reissued.
5. New York— Bank.
Suggests in lieu of plan No. 1, under proposition No. V, the following:
1. Cease further payment of the public debt, or stop at $1,200,000,000.
2. That tho Secretary of the Treasury bo authorized to fund $1,200,000,000 into a
new bond bearing interest sufficient to float it at par, say 2 per cent, to 3 per
cent., to bo called United States consols, to run at the pleasure of the Gov-
ernment after fifty years, and at the pleasure of tho holder after one hundred
years.
REPORT OP THE COMPTROLLER OP THE CURRENCY. 1G9
b. Nkw York — Bank — Continued.
Make this bond the basis of the national-bank system, and pay old bonds as they
become due with them ; if refused, pay the holder of the old bonds in cash
and sell the new bonds to new purchasers for cash to reimburse the Govern-
ment for the amount paid on the old bond.
These bonds to be bought by the banks to replace the old ones as they fall due.
Holders of such bonds to use them as collateral, and as such they would be re-
garded by bankers as better security than human indorsers. •
The Secretary of the Treasury should be authorized to receive such bonds at their
par value and to issue in lieu thereof an equal amount of United States
currency to supply banks, in suitable denominations, and to retain the ac-
cruing interest upon said bonds, until the accumulation shall amount to 10
per cent., after which all additional interest shall be paid the bond owner.
This will relieve the present generation of the burden of paying the public debt,
and leave a permanent banking bond, and will not disturb the present sys-
tem further than requiring additional issue to each bank of 10 per cent, more
currency than under the present system.
6. New Jersey— Bank.
Thinks the holding of United States bonds by national banks a strong bond of
union and would be sorry to have the system abolished.
Is opposed to the Government issuing notes while the country is in a state of pro-
found peace, thus interfering with the legitimate business of banking.
Pavors something being done to continue the national banking system, and thinks
the only thing that can be done is for the Government to withdraw a part of
its circulating notes, and issue bonds of long date, for banking purposes, at a
low rate of interest, say 2-J- per cent, per annum, the circulation of the banks
to be taxed one-half of 1 per cent, per annum, or bonds bearing interest at 2
per cent., the circulation being free from all tax.
Massachusetts— Bank.
Suggests that Congress authorize a loan bearing 2 per cent, interest, payable
semi-annually. These bonds to be payable at the option of the Government
on ninety or more days’ notice, and on six, twelve, or eighteen months’ notice
by the holders.
Such bonds, with removal of present tax, would induce the banks to take all the
needed circulation, and would not stimulate an excess. The banks would be
enabled to secure bonds without premium and to dispose of them without
loss.
This plan would afford a reasonable elasticity to circulation, either by tho De-
partment having control of the calling in of the bonds or the banks in sur-
rendering them.
The Government would be subjected to no loss, because after redeeming the out-
standing 2i (?) per cent, bonds, it can, even at the present high prices, buy
the 4s, 4£s, and Cs, at a rate that will net more than 2 per cent. It is as-
sumed that few besides the banks would purchase the 2 per cent, bonds,
for the reason that few now purchase for investment the higher rate bonds at
prices that net 2£ to 2-J- per cent.
Colorado — Bank.
Suggests the purchase by the Government of the telegraph lines, instruments,
right of way, etc., of the country, the perfection and extension of the system
by proper legislation, issuing for this purpose bouds running 20 to 25 years
and bearing interest at 2 per cent, per annum. To induce national banks to
subscribe for these bonds at par, an issue of notes should be authorized to the
amount of 98 per cent, of the faee of the bonds and the taxation on circula-
tion should be lowered to one-half of 1 per cent, per annum. Banks should
be required to carry at least 30 per cent, of their capital in bonds, instead of
25 per cent., which is the minimum now.
PROPOSITION IY.
To substitute some other security for United States bonds deposited in the Treasury as a
basis for national-bank circulation.
1. Pennsylvania.
Favors coinage of the silver dollar and the issuing of certificates of all coin and
bullion, gold and silver, held by the Government, as the needs of banking
may require ; the issue of currency to the banks on presentation by them of
the certificates, dollar for dollar, the banks to pay 3 per cent, interest on the
amount issued, and the interest to go towards paying thejnational debt. The
annual surplus revenue to be invested in bullion only as banking facilities
may require.
170 ' REPORT OF THE COMPTROLLER OF THE CURRENCY.
1. Pennsylvania— Continued.
To prevent these certificates from going into the market and being held at pre-
mium, he would issue them only to banks when organized or ready to take
the currency.
2. Kansas — Bank.
Suggests the substitution of school-district bonds for United States bonds, and a
provision that no school bonds shall be accepted as security for circulation
unless the total amount of bonds issued by the district does not exceed one-
fiftli of the taxable property of the district.
Would also protect the interest of the nation as to legality of issue, etc.
15. Pennsylvania — Bank.
Suggests the issue of currency based upon a pledge of silver at either its value
of one-sixteenth the worth of gold or, better still, its market value. Either
security would be better than that of the greenback currency, for which but
‘30 per cent, in gold is held as security, and this would meet with better favor
with the Southern and Western sections.
As banks are now subject to a positive loss on their currency, based upon the
present prices of United States bonds, why not remove the requirement, as
its repeal would enable the Government to purchase its bonds at a much
lower figure than it will be compelled to pay with the banks in competition.
Does not think that the withdrawal of circulation from national banks will cause
them to withdraw from the system.
4. Massachusetts— Banker.
Is in favor of retention of the present system with some amendments to the law.
The present currency passes freely, because the people have confidence in the se-
curity behind every national-bank bill, and in the watchfulness of the Gov-
ernment over all national banks.
Favors specie basis. Business is largely done on the Government’s x>romise,
but the time has come for the Government to pay its promises, and he would
be glad to have it do so, and to continue the present national-bank system.
Would change the law so that banks, as bonds are called, or as theyneed to issue
new circulation, may deposit gold or silver bulliou at its market value, or
gold or silver coin at par, with the United States Treasurer, and be allowed
100 per cent, for said deposit, and have the tax on circulation, now collected
by the Government, removed.
Would have the local tax the same rate as it is in Massachusetts on savings banks,
viz, one-half of 1 per cent.
The great pile of silver dollars could remain in the Treasury vaults until some
bank failed, then the holders of the notes of the failed bank would not object
to receiving silver dollars in exchange for the bank notes.
5. New Mexico— Bank.
Amend the national-bank act retaining all its restrictions and ramifications,
powers, and privileges.
The banks to deposit with the United States Treasurer the amount of their cap-
ital stock in gold, receiving in return a charter and national currency to tlio
full amount of its capital deposited.
The charter to carry a certificate in effect as follows :
‘‘This is to certify that (najne of bank) has deposited with the Treasurer of the
United States $ in gold, as a guaranty for the redemption of a like
amount of its notes, with interest at the rate of 2 per cent, per annum, during
the existence of the charter.”
The whole expense of examinations, jedemptions, issues and reissues, to be borne'
by the Government.
This would bring into the national banking system a large percentage of State
and private banks and thereby proteettko public from organizations without
bona fide capital.
fi. Massachusetts— Banker.
Suggests that banks be allowed to deposit gold or silver and bo given 100 per
cent, circulation for the amount deposited, and that tax on circulation bo re-
moved and local taxation adjusted.
That the United States Treasurer bo allowed to use 40 per cent; of this deposit to
purchase municipal bonds, subject to the approval of a board of directors
consisting of three selected men (say the Comptroller of the Currency, Secre-
tary of State, and Secretary of the Interior, or some other good man).
REPORT OP THE COMPTROLLER OF THE CURRENCY. 171
Massachusetts— Banker— Continued.
_ The income from the 40 per cent, thus invested would pay the expense of the Gov-
ernment, anti if more, the balance to revert to the banks.
Ranks havin'* bonds soon to be called, or called, soon to bo paid, will receive
specie therefor, and new banks can deposit the specie or send to the Treasurer
gold or silver certificates.
Ohio— Bank Examinee.
Suggests as follows :
1. That all distinction between legal tender and national currency be abolished,
as the currency is all issued by the Government, and there should be but one
and that should bo national currency, the same exactly for all the banks.
2. That gold or silver be deposited as a basis for circulation, and that the Gov-
ernment issue therefor a certificate calling for national currency to the full
amount of deposits.
3. National banks to be relieved from taxation, 5 per cent, redemption fund, and
otherwise, except upon real estate and shares of stock, the taxation not to be
in excess of 1 per cent, per annum, and to be a municipal tax so assessed and
collected.
4. The reserve held by the banks to be gold or silver coin, the currency to bo used
for circulation and the coin for reserve; the banks to receive 3 per cent, in-
terest upon the reserve required by law to bo held by them ; such interest to
be payable in coin certificates issued by the Government based upon the coin
deposited by the banks for their circulation, upon which the Government
should have the right to issue interest-bearing certificates, up to 50 per cent,
of said deposits.
5. As an inducement for national banks to come uuder this plan, if application
be made within two years, the Government to sell the bank’s coin for the
amount of their bonds now held as security for circulation.
The difference between the amount of circulation so charged to them and the full
present value of the bonds also to bo paid to the banks in currency. This
would be the redemption of the bonds now held to secure circulation. The
circulation would be increased 15 per cent., as 5 per cent, redemption fund
heretofore locked up would be released.
The Government to make good its own notes as they become wore out or muti-
lated by use.
Under this plan the banks would have to purchase coin of the Government, or
elsewhere, for their reserve, and as there would be no discrimination at
against silver, this money would become more popular with the banks as is
would become more valuable to them, as much so as gold. The circulation
and reserve of the banks would be based upon coin — a change to be desired.
Banks would not enter upon this plan except for the franchise and freedom from
taxation and a long-settled future which it would afford, and any plan agreed
upon should stand for fifty years.
The ratio of interest charged by national banks should not exceed 5 per centum
per annum.
All officers connected with national banks should give a good and sufficient bond
to the United States as security for deposits entrusted to them.
If a bank operating under this plan desires to close business it would have to fur-
nish to the full satisfaction of the Government evidence that all its obliga-
tions to its depositors and others had been paid off, then return an amount of
its currency equal to the amount received ; and any balance found due to the
bank would be paid to its order in coin.
This plan is in the direct interest of the business men of the country, to whom it
would be a relief to get money at the lowest rates of interest possible, and
to accomplish which the General Government would bear part of the burden,
and would be a gainer to the extent of the amount of coin it was allowed to
use of that deposited by the banks, of which 50 per cent, would be sufficient
to keep in reserve.
Of course the Government could not change the rate of interest for national banks
already established, without their consent, but banks established under this
plan, charging only 5 per cent, interest, would get all the deposits and busi-
ness, and this would induce other banks to come into the system.
172 REPORT OF THE COMPTROLLER OF THE CURRENCY.
PROPOSITION V.
To preserve the note-issuing function of the haul's, hut to substitute credit for security and
to provide for Government redemption out of a fund created by deposits by the banks, or by
a tax on their circulation :
a. Upon the credit of the individual hank ;
b. Upon the credit of certain hanks combined ;
c. Upon the credit of all the banks.
. 1. New York — Bank.
Suggests as follows :
1. Amend the national bank law, retaining all restrictions, ramifications, powers,
and privileges, so as to legalize the issue of circulating notes to the amount
of 50 per cent, of capital without the deposit of bonds as security.
2. In case of failure the currency to be preferred before any other liability.
3. One per cent, per annum of this currency to be deposited in the Treasury as a
guaranty fund for the redemption of the notes of any broken bank whose
assets may be inadequate to redeem its issue of currency.
By strictly enforcing the requirements of the national-bank laws, and by apply-
ing the best civil-service rules to bank examiners, this suggested currency
would be sound in principle and as uniform in value in every part of the
country as is onr present issue of national-bank notes.
The proposed new issue of a circulating medium need in no way interfere with
banks now organized and managed.
When the guaranty fund shall amount to more than 5 per cent, on notes out-
standing, the excess can, with safety, be covered annually into the Treasury.
Believes Che result of twenty-three years of national banking will demonstrate
that not over one-tenth of the proposed guarantee fund will ever be required
to protect the public against loss, leaving nine-tenths of accumulation to be
covered into the Treasury.
As regards “ elasticity,” thinks it apparent that banks working under the pro-
posed change can retire and reissue their currency with great freedom and
facility, as compared with the present system.
Objectors to this proposed change may assert that the “ safety fund” system of
New York was a failure, and that this is like in character, but contributions
to the safety fund wero only one-half of 1 per cent, per annum, and ended
when 3 per cent, on thd capital had been paid, and it was liable for deposits
as well as for circulation.
Circulating notes were issued by bank officers without restraining guards or State
supervision. The legal limit, however, was two of currency to one of capital.
Several banks made what were called “over-issues” rendering false statements,
thus avoiding payment of the assessment to the “ safety-fund.”
The New York “safety-fund ” was a delusion, and should not be named in con-
nection with the national-bank system, under which banks can issue only
notes furnished by the Treasury Department.
The writer is of the opinion that the amendment proposed will bring a large per-
centage of the State and private banks into the national system.
2. Pennsylvania — Bank.
Opposes the retirement of greenbacks in exchange for national-bank notes.
Favors the retention of United States notes so that the x>reseut limitation of na-
tional-bank circulation might bo continued, or perhaps a limit equal to the
capital stock of the banks.
Would tax all banks every year and set the tax apart as a general fund for re-
demption of circulation of failed banks and then reimburse the general fund
if the assets of the shareholders were sufficient.
Would make circulation the first lien, and would ad just the tax on circulation so
as to encourage the taking out of the full proportion.
Urges additional legislation to perfect governmental supervision of the banks,
and opposes the repeal of the 10 per cent, tax of State bank circulation.
3. Pennsylvania.—
Suggests that national banks l»o entitled to issue circulating notes without de-
posit of United States bonds as- security for such circulation, as follows:
1. Banks with a capital of over $2,000,000, to the amount of 25 per cent, of capital.
2. Banks with a capital of $2,000,000 and less, to the amount of 50 per cent, of
capital.
REPORT OF TI1E COMPTROLLER OF THE CURRENCY. 17o
3. Pennsylvania — Continued.
The notes to be issued under the following provisions :
Tho Treasury Department to print aud deliver notes to banks as at present, in
denominations of $5, $10, $20, $50, $100.
The banks to keep on hand, in addition to tho reserve hold for other liabilities, a
reserve equal to 25 per cent, of the amount of circulation, in lawful money of
rhe United States.
Tho banks to keep ou deposit in the Treasury, as at present, 5 per cent, redemp-
tion fund for mutilated notes.
The banks to pay semi-annually a tax of one-quarter of 1 per cent, on the aver-
age amount of circulation outstanding during the previous six months.
The banks to be entitled to withdrawal! or any part of their circulating notes ou
furnishing the Treasury Department a duly certified resolution from their
board of directors, and depositing with tho Redemption Bureau, in lawful
money of the United States, tho amount to bo withdrawn.
To have the power at any time to increase or decrease the amount of circulation
within prescribed limits.
Circulating notes to be the lirst liability of issuing banks.
4. Missouri— Bank.
Thinks plan No. I, Proposition Y, has much merit aud would approve of it if a
further section were added, making it obligatory. for the Treasury Depart-
ment to cancel and redeem a like amount of legal-tender notes as soon as
national-bank currency is increased under the amended law, say above $300,-
000,000, thereby landing an outlet for surplus between the last redemption of
3s and tho first redemption of 4| per cent, bonds.
5. Massachusetts— Bank.
After a^careful study of the subject and an examination of the different plans
suggested, is of the opinion that plan No. I, Proposition Y, is the most feas-
ible, and would be the most generally satisfactory, and he therefore heartily
indorses it.
G. Minnesota— Attorney at Law.
Favors a law requiring all banks issuing notes to become associated together .as
• one association, aud to pay a pro rata assessment from their surplus, and if
no surplus, then from their capital, to make good to all note-holders tho
value of the notes held by them of all failed banks belonging to the associa-
tion.
Provide for a joint and several inspection by the Government aud bank inspect-
ors, with power to close up insolvent institutions when they shall jointly re-
port the particular bank insolvent.
Give the association a first lien for indemnity upon the assets of tho bauk to the
extent of its notes outstanding, and require the deposit of a fund by the asso-
ciated banks sufficient to pay at once, on presentation, the notes of insolvent
banks, and require any bank thus associated to redeem such notes of failed
banks as shall be presented, to be reimbursed out of the redemption fund.
Make the Secretary of the Treasury, or the Comptroller of the Currency, a mem-
ber of a commission to be appointed by the baukingassociation, and give such
commission power to investigate and admit applicant banks of not less than
$ paid in.
That circulating notes be provided as now, to be printed at the expense of a fund
provided by the association.
There would be no safer guaranty to the people than the consolidation of the
capital of the banks, and the privileges thus granted would be compensated
by the guarantee of the banks against loss to note-holders. The association
thus responsible would closely watch for any irregularities.
7. New York— Bank.
Suggests that the profits on lost circulation be pledged for redemption of notes is-
sued without pledge of bonds. This will amount to $20,000,000 or more.
With a yearly tax of 1 percent., say $3,000,000, a. fund could be collected
that would place the security beyond a contingency. This fund would ulti-
mately belong to tho Government.
Many bankers think it unjust that the Government should retain the profit on lost
circulation, but if the fund could for a time be utilized to benelitthe banks
they would doubtless cheerfully relinquish any claim they might have upon,
it.
174 REPORT OF THE COMPTROLLER OF THE CURRENCY.
8. Pennsylvania — Bank.
Suggests two plans, as follows :
1. A circulation based on a bond deposited at par value and the tax removed ; or,
2. The Government to guarantee to each bank under these restrictions, circula-
tion limited to one-half its capital (with maximum limit, if desired), the notes
to be absolutely a lirst claim and subjected to 1 per cent, tax, to be used as a
sinking fund.
Banks electing the second plan to he examined twice a year by the bank exami-
ner.
9. Kentucky— Banker.
Suggests that national banks bo allowed to invest in real-estate mortgages as
security.
Also that the basing of circulation on capital alone discourages the building up
of surplus, which should be equally with capital a basis for circulation, with
the same preventions of reduction or impairment as are required in case of
capital.
A circulation might be allowed equal to 75 per cent, of capital and surplus, mak-
ing the notes a first lien on all assets of the issuing bank, continuing the
present tax, but holding it as a fund to pay the uotes of broken banks whose
assets prove insufficient for that purpose, and beyond that assess the banks
pro rata on their circulation.
With the present supervision (which might be improved) the Government could
afford to guarantee this circulation, in consideration of its use of the tax
fund.
REPORT OF THE COMPTROLLER OF THE CURRENCY
175
Table showing, by States and Territories, the estimated population of
EACH, AND THE AGGREGATE CAPITAL, SURPLUS, UNDIVIDED PROFITS, AND INDI-
VIDUAL deposits* of National and State banks, Loan and Trust Compa-
nies, and Savings and Private Banks in the United States on June 1,
1887 ; THE AVERAGE OF THESE PER CAPITA OF POPULATION, AND THE PER-CAPITA
AVERAGES OF SUCH RESOURCES IN EACH CLASS OF BANKS AND IN ALL.
States and Territories.
Estimated
population
Junol, 1887.
667, 400
371,100
333, 700
New Hampshire
2, 05o] 600
326, 200
694, 300
5, G70] 700
1, 320, 000
4,921,800
' 1G4* 700
1, 064] 300
216, 200
1, 753, 900
760, 600
1,675,500
District of Columbia .
l] 239,' 000
1, 842, 800
338, 100
1,485,400
1, 386, ( 00
1,118, 800
2, 240, 900
1,069,600
1, 923, 800
1, 780, 700
3, 645, 400
2, 228, 200
3, 529, 500
2, 017, 200
1, 534, 500
1, 980, 100
1,067,100
2, 543, 700
1, 526, 500
729, 000
324, 000
78, 900
1,120, 300
245, 200
66, 300
Ohio
Iowa
California
Dakota
236] 800
47, 400
54, 700
142, 800
Montana
New Mexico
Utah
192] 000
118, 100
30, 600
"Wyoming
All banks.
Nation-
al
banks.
Aver-
Aver-
Capital, etc.
age per
capita.
age per
capita.
$03,918, 725. 89
$95. 77
$35. 58
69, 721, 728. 21
187. 87
37. 20
32, 824, 355. 01
98. 36
47. 95
612, 581, 949. 97
297. 80
125. 45
99,438,611.58
304.83
123. 39
172, 046, 586. 14
248. 65
85. 70
449,517, 396. 11
252. 08
88.46
92, 721, 678. 51
70. 24
43.04
432, 207, 506. 45
87. 81
55. 64
11, 016, 126. 12
66. 88
42. 93
71,817, 972. 79
11, tfl, 155.67
67.47
42. 57
51.67
47.18
23, 942, 066. 16
13. 65
8. 86
9, 384, 564. 32
12. 24
7.00
9, 131,362. 89
5. 45
3. 93
11,905, 378.57
9. 61
52.13
18, 848, 434. 52
10. 23
4. G7
4,025,318.91
11.91
6. 63
10, 839, 156. 29
11. 34
7.17
4, 568, 364. 47
3.29
1. 66
24, 827, 420.10
22. 19
14. 75
32, 339, 006. 01
14.43
11.84
4, 487, 740. 84
4.20
3. 35
65, 182, 498. 62
33. 88
16.46
30, 952, 439. 48
17. 38
12. 24
165, 483, 694.40
45. 39
33. 14
58, 874, 744. 88
26. 42
18. 87
174, 282, 553. 31
49. 38
35. 34
87, 809, 747. 46
43. 53
25. 59
56, 582, 833. 77
30. 87
15. 94
67, 468, 295. 02
33. 97
16. 27
77, 791, 106. 66
72. 89
42.'46
112, 650, 512. 82
44.28
13. 87
52, 923, 593. 43
34. 00
19. 54
41,434, 306.53
56. 83
38. 96
23, 920, 379. 14
73. 84
00. 99
714, 091. 30
9. 05
6.22
209, 482, 734. 37
186. 9S
24. 44
9,719,318.44
790, 024. 00
39.63
32. 23
12. 00
3. 82
13, 243, 993. 03
55. 92
40. 98
1,310,292. 09
27.76
20. 63
11,444, 010. 06
209. 22
209. 22
3, 054, 6+2. 31
21.39
18. 93
7, 456, 939. 63
38. 83
18.31
6,411,344. 80
54. 28
45. 49
4, 306, 892. 85
140. 74
102. 79
State
banks.
Loan
and
trust
compa-
nies.
Savings
banks.
Private
banks.
Aver-
Aver-
Aver-
Aver-
ago per
ago per
ago per
age per
capita.
capita.
capita.
capita.
$1. 14
$59. 06
$0. 27
.99
149. 30
V .
........
50.41
23. 92
147. 88
$0. 01
9. 52
171. 92
9. 07
5. 86
147. 30
.73
33.10
32. 44
100. 18
1.42
3.78
22. 65
. 77
8. 00
12. 39
9.44
2. 28
5. 49
18. 4G
5. 86
18. 98
.00
3. 91
. 58
4. 85
5. 25
1. 39
.01
.10
4. 26
. 15
4. 8G
.',0
4. 42
. 85
1. 27
2. 89
1. 41
. 21
7. 35
.08
. 87
1. 71
.85
10. 27
1. 15
5. 14
3. 83
4. 24
4. 17
2.33
1. 13
4.09
2.19
5. 16
6. 08
1*. 87
2. 0G
15. 92
5 01
5. 05
........
6. 34
6.31
19. 54
1. 46
3.92
5.51
20. 49
.51
3.40
11. 23
...... . .
........
3. 90
11.65
2.01
4.20
9. 11
5. 83
2. 83
84. 78
68. 75
9. 01
1. 50
5. 90
8. 18
14. 94
7. li
2.46
20 52
8. 79
37. 96
Total
59, 893, 000
4, 563, 192,203. 59
76.19
34. 01
10. 69
5.07
22. 92
2. 58
* Deposits due from and to banks should mutually cancel each other, and therefore they are omitted
as misleading.
Note. — Mr. E. B. Elliott, Actuary of the Treasury Department, prepared these estimates hy special
reqnest.
176 REPORT OF THE COMPTROLLER OF THE CURRENCY.
, i
Number of Banks Organized, in Liquidation, and in Operation, with tiieir
Capital, Bonds on Deposit, and Circulation Issued, Redeemed, and Out-
standing on October 31, 1387.
States and Ter-
ritories.
Banks.
Capital
stock paid
in.
U. S. bonds
on deposit.
Circulation.
Organ-
ized.
In
liqui-
da-
tion.
In
opera-
tion.
Issued.
Redeemed.
Outstand-
ing *
Maine
83
10
73
$10, 335, 000
$5, 540, 930
$34, 456, 900
$26, 726, 751
$7, 730, 209
NewHamnskiro
04
5
49
6, 205, 000
4, 107, 300
21, 878, 125
17, 188, 657
3, 689, 468
Vermont
63
14
49
7, 560, 000
3, 068, 400
30, 271, 420
25, 404, 487
4, 806, 933
Massachusetts.
26G
15
251
95, 940, 500
34, 557, 800
292, 532, 485
240, 305, 630
52, 226, 855
Rhode Island..
04
3
01
20, 340, 050
4, 596, 800
61,579, 095
51,181,338
10, 397, 757
Connecticut . . .
90
13
83
24, 044, 370
10, 245, 750
81, 079, 940
60, 052, 513
15, 427, 427
Eastern States.
020
00
506
165, 030, 920
62, 717, 000
521, 798, 025
427, 459, 370
94, 338, 649
New York
425
101
324
86, 339, 7G0
30, 387, 200
204, 357, 305
220, 185, 206
38, 172, 159
New Jersey . ..
92
11
81
13, 025, 120
7, 013, 100
48, 182, 500
40, 059, 003
8, 122, 897
Pennsylvania. .
351
51
303
00, 007, 990
19, 098, 500
184, 819, 405
148, 236, 096
36, 583, 309
17
17
1 , 682, 700
0, 358, 825
4, 884, 048
] , 474, 177
Maryland
51
3
48
14^ 509,’ 900
2, 602; 450
30,' 598,' 780
29; 974; 776
o; 024; 004
Hist. Columbia.
13
5
8
1, 827, 000
1,010, 000
4, 903, 900
4, 102, 800
801,100
Middle States..
952
171
781
184, 393, 815
61,853,950
545, 220, 835
453, 443, 129
91, 777, 706
Virginia
39
14
25~
3, 790, 300
1, 551, 350
11, 605, 630
9, 002, 886
2~002, 744
West Virginia
27
7
20
2, 001, 000
628, 900
7, 140,480
5, 922, 688
1,217, 792
North Carolina
21
3
18
2,420, 000
863, 500
6,218, 700
5, 101, 590
1, 057, 170
South Carolina.
17
2
15
1 , 749, 200
092, 250
5, 330, 255
4,515,772
814, 483
Georgia
27
0
21
3, 070, 520
888, 500
7, 703, 670
0, 324, 053
1,439,617
Florida
12
2
10
550, 000
217, 500
319, 450
160, 387
159, 003
Alabama
23
3
20
3, 484, 000
851,000
4, 803, 080
3, 654, 047
1,148,433
Mississippi
14
2
12
1,055,000
320, 000
443, 730
183, 899
259, 831
Louisiana
17
4
13
3, 425, 000
1,418,800
10, 303, 910
8, 171,049
2, 132, 201
Texas
97
0
91
10, 044, 000
2,417, 800
5, 003, 980
3, 255, 986
2, 347, 994
Arkansas
10
3
7
950, 000
422, 500
1,199, 120
829, 437
309, 683
Kentucky
81
13
08
13, 200, 400
3, 925, 000
33, 132, 245
25,918, 940
7,213,305
Tonnesseo
50
10
40
7, 485, 000
1, 594, 250
10, 018, 300
8, 567, 007-
2, 051, 293
Southern States
441
81
300
53, 290,420
15, 791,350
104, 482, 010
82, 208, 941
22, 213, 009
Missouri
77
27
50
11,820, 000
1,412, 050
16, 395, 005
13, 803, 212
2, 592, 453
Ohio
298
82
* 21G
41, 058, 120
15,219, 950
96, 277, 840
75,411, 112
20, 806, 728
Indiana
152
59
93
11,704, 500
5, 046, 800
49, 870, 755
42, 109, 198
7, 701, 557
Illinois
213
05
178
29, 280 500
5, 848, 500
49, 059, 105
41, 344, 028
7, 715, 137
Michigan
149
41
108
14, 540, 050
3, 114, 750
‘26, 919, 810
22, 270, 128
4, 043, 082
Wisconsin
89
32
57
5, 210, 000
1, 680, 500
12, 104, 100
9, 875, 200
2, 288, 840
Iowa
170
47
129
10,132,300
2, 850, 000
20, 965, 710
10, 993, 900
3,971,810
Minnesota
70
18
58
13, 753, 701
2, 112, 950
11, 372, 770
9, 157, 334
2, 215, 436
Kansas
102
2!
141
10, 9.2, 520
2, 818, 000
0, 799, 070
4, 085, 507
2, 713, 503
Nebraska.
110
0
104
8, 415, 550
1, 945, 000
5, 360, 730
3, 330, 710
2, (VS0, 014
Western States
1,532
398
1, 134
150, 835, 240
42, 054, 500
295, 185, 015
238, 380,455
56, 799, 100
Nevada
3
1
2
150, 000
36, 500
200, 720
183, 093
17, 027
23
23
1, 8 10, 000
044, 800
1, 420, 120
755, 030
670.490
Colorado
40
9
31
2, 755, 400
920, 500
4, 114, 200
3, 045, 810
1, 008, 414
Utah
10
3
7
850. 000
390, 000
1, 405, 910
1, 064, 885
401, 025
( 3
0
350, 000
92, 800
394, 070
300, 415
88, 255
Montana
22
5
17
2, 000, 000
500, 000
1, 583, 790
1, 112, 180
471, 604
8
8
1, 075, 000
273, 750
454, 380
283, 755
170, 025
N ow Mexico . . .
10
1
9
' 850; 000
270, 000
1, 384, 530
1, 023, 007
300, 923
Dakota
09
7
62
3, 775, 000
992, 500
1,914, 190
948, 411
905, 779
Washington ..
23
3
20
1, 475, 000
317, 500
1, 013, 340
447, 022
565,718
Arizona
4
3
1
100, 000
25, 000
88, 790
51, 230
37, 500
California
30
3
33
6, 875, 000
1, 941, 250
3, 189, 090
1, 400, 905
1, 728, 725
Pacific States
& Territories.
254
35
219
22, 055, 400
C, 411, 200
17, 230, 390
10, 084, 245
0, 540, 145
Add for muti-
125, 945
Total currency
1,483, 917,475
1, 212, 242, 140
271, 675, 329
Add gold banks
3, 405; 240
Si 225; 311
239, 929
United States. .
3, 805
t74G
t3, 000
581,011,795
188, 828, 000
1, 487, 382, 715
1, 215, 407, 457
272, 041, 203
* Including $102,820,1:10 lor which lawful money lms boon deposited with the Treasurer of the United
States to retire an equal amount of circulation which has not been presented for redemption,
i One bank restored to solvency and resumed business, making total going banks 0,001.
National-Bank Currency Issued, Redeemed, and Outstanding for the Year Ending October 31, 1887.
RErORT OF THE COMPTROLLER OF THE CURRENCY.
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-12
177
1 Exclu-ive of gold notes, $239,929; amount due banks for mutilated notes, $125,945.
178 REPORT OF THE COMPTROLLER OF THE CURRENCY
Number and Denominations of National-Bank Notes Issued and Redeemed
and the Number of each Denomination Outstanding, on October 31, in
Each Year from 1868 to 1887.
Ones.
Twos.
Fives.
Tens.
Twen-
ties.
Fifties
One
hun-
dreds.
Five
hun-
dreds.
One
thou-
sands.
1868.
Issued
8, 890, 570
2, 978, 160
23, 106, 728
7, 915, 914
2,239, 322
355, 181
267, 350
13,486
4,743
Redeemed
254, 754
73, 170
482, 132
142, 359
30, 355
17, 256
15, 583
1, 759
1,846
Outstanding.
8, 641, 822
2. 904, 984
22, 624, 590
7, 773, 555
2, 182, 967
337, 925
251, 767
11, 727
2, 900
18G9.
Issued
9, 589, 160
3, 209, 388
23, 676, 760
8, 094,645
2, 269, 764
303, 523
274, 799
13, 668
4, 7C9
Redeemed
904, 013
232, 224
985, 940
272,495
71, 655
22, 859
25, 968
2, 585
2,415
Outstanding-
8, 685, 147
3, 977, 104
22, 690, 820
7, 821, 150
2, 198, 109
334, 664
248, 831
11, 083
2,354
1870.
Issued
10, 729, 327
3, 590, 157
24, 636, 720
8, 413, 244
2, 370, 056
378, 482
284, 460
13, 926
4,779
Redeemed
2, 568, 703
007, 733
1, 737, 983
484, 135
129, 185
47, 845
43, 599
3, 952
3, 263
Outstanding.
8, 160, 024
2, 922, 424
22, 898, 737
7, 929, 109
2, 240, 871
330, 037
240, 861
9, 974
1, 516
1871.
Issued
12, 537, 657
1,195, 791
28, 174, 940
9, 728, 375
2, 779, 392
433, 426
321, 103
14, 642
4, 843
Redeemed
5, 276, U57
1, 493, 326
o, 270, o74
933, 445
245, 361
82, 972
76, 287
6, 017
4, 005
Outstanding.
7, 261, 600
2, 702, 405
21,898,560
8, 794, 930
2, 534. 031
350, 454
244, 870
8, 625
838
1872.
Issued
14, 297, 360
4, 782, 028
31, 933, 348
11,253,452
3, 225, 688
497, 199
367, 797
15, 621
4,933
Redeemed
7, 919, 389
2, 408, 389
5, 900, 6G7
1, 699, -702
438, 852
126, 180
110, 989
7, 867
4,315
Outstanding.
6, 377, 971
2, 374, 239
25, 972, 681
9, 553, 750
2, 780, 836
371, 019
256, 808
7, 754
618
1873.
Issued
15, 52 1, 189
5, 195, 111
34, 894,450
12, 560, 399
3, 608, 219
559, 722
416,590
16, 496
5, 148
Redeemed
9, 891, 006
3, 120, 723
9, 141, 963
2, 573, 070
053, 071
168, 976
144, 057
9, 658
4, 530
Outstanding.
5, 632, 583
2, 074, 388
25, 752, 493
9, 987, 329
2, 955, 148
390, 746
272, 533
6, 83S
618
1874.
Issued
16, 548, 259
5, 539, 1 13
39, 243, 130
13, 337, 070
3, 962, 109
606, 950
492,482
17, 344
5,240
Redeemed
11, 143, 600
3, 555, 019
13, 041, 605
3, 912, 707
1, 171, 008
231, 556
196, 572
11, 676
4, 683
Outstanding.
5, 404, 053
1, 984, 094
20, 201, 531
9, 424, 309
2, 790, 501
435, 394
295, 910
5, 668
557
1875.
Issued
18, 040, 170
6, 039, 752
47, 055, 184
17, 410, 507
5, 290, 001
884, 165
645, 838
18, 476
5, 530
Redeemed
14, 092, 126
4, 016, 023
24, 920, 771
7, 698, 032
2, 204, 4G4
381, 037
299, 428
14, 471
5,048
Outstanding.
3, 951, 050
1, 423, 129
22, 128, 413
9, 801,975
3, 091, 600
503, 128
340,410
4, 005
482
1876.
Issued
18, 849, 264
6,307,448
51,783,528
20, 008, 652
6, 086, 492
985, 615
710, 900
18, 721
5, 539
Redeemed
15, 550, 708
5, 124, 546
32, 382, 356
10, 369,214
3, 052. 240
515, 784
395, 785
16, 217
5,272
Outstanding.
3, 292, 550
t, 182, 902
19,401,472
9, 039, 438
3, 034, 240
469, 831
315,115
2, 504
2G7
1877.
20, 616,024
6, 896, 968
5, 555, 526
56, 816, 818
38, 115, 808
22, 266, 064
12, 434, 779
6, 770, 253
3, 703, 528
1,079, 781
634, 679
707, 317
20, 022
17,015
5, 668
5,411
Redeemed
Ll>; 810; 008
479, 317
Outstanding.
3, 800, 436
1,341,442
18, 700, 980
9, 831,285
3, 072, 725
445, 102
288, 000
2,407
257
1878.
Issued
22, 478, 415
7, 517, 765
61, 191,288
24,157, 293
7, 344, 167
1,147,578
812, 903
20,210
6, 204
Redeemed
18, 194, 196
6, 026, 092
42, 683, 433
13, 859, 149
4, 133, 178
728, 222
541,859
18,895
5,900
Outstanding.
4, 281, 219
1,491,073
18, 507, 855
10, 208,144
3, 210, 989
419, 350
271, 044
1,315
304
1879.
7, 747, 519
6, 501, 270
65, 578, 440
45, DUG, 070
25, 904, 223
14, 930, 099
7, 809, 951
4, 437, 343
1,211,761
850, 720
581, 604
20, 570
6, 340
Redeemed
19, 600, 477
785, 263
19, 287
6, 057
Outstanding
3, 507, 200
1,240,249
10,582,364
10, 973, 624
3, 482, 608
426, 498
209, 116
1, 283
283
1880.
7, 747,519
0, 043, 889
69,131,970
49, 149, 824
27, 203, 168
15, 821, 110
8, 260, 398
4, 684, 820
1, 253, 865
825, 499
879, 490
010, 601
20, 763
19, 484
6, 363
Redeemed
20, 875; 215
6, 124
Outstanding.
2, 292, 462
803, 030 jl9, 982, 152
11,382, 058
3,581,578
428, 306
268, 889
1,279
239
REPORT OP THE COMPTROLLER OP THE CURRENCY. 179
Number axd Denominations op National-Bank Notes Issued and Redeemed
and the Number of each Denomination Outstanding, etc. — Continued.
Ones,
Twos.
Fives.
Tens.
Twen-
ties.
Fifties.
One
hun-
dreds.
Five
hun-
dreds.
One
thou-
sands.
1881.
Issued
23, 167, 677
7, 747,519
73, 612, 504
29, 477, 519
8, 940, 817
1, 357, 574
959, 712
21, 959
7,144
Redeemed
21, 838, 555
7, 286, 434
53, 516, 488
17, 346, 635
5, 084, 992
891, 89u
660, 202
20, 495
6, 943
Outstanding.
1,329,112
461,085
20, 096, 016
12, 130, 8S4
3, 855, 825
405, 684
299, 510
1,464
201
1882.
Issued
23,167, 677
7, 747, 519
78, 097, 424
32, 042, 260
9, 751,781
1, 453, 324
1,035,118
22, 787
7, 187
Redeemed
22, 353, 877
7, 484, 140
59, 313, 233
19, 770, 931
5, 751, 707
980, 182
719, 130
20, 880
6, 990
Outstanding.
813, 800
263, 379 19, 384, 191
1
12, 271,320
4, 000, 077
473, 142
315, 988
1,907
197
1883.
Issued
23, 167, 677
1
7. 747. 519 83. 447. 208
34, 544, 086
22, 712, 355
10, 578, 846
6,424, 638
1, 550, 000
1, 090, 703
1,114, 722
789, 125
23, 163
21, 367
7, 277
7, 092
Redeemed
22, 593, 909
7, 570; 903
63, 142, 567
Outstanding.
573, 768
176, 616
18, 304,641
11,831,731
4, 154, 208
405, 306
325, 597
1,796
185
18S4.
Issued
23, 167, 677
7,747, 519188,101,188
37, 182, 102
11, 442, 091
1, 661, 010
1, 199, 750
23, 736
7, 369
Redeemed
22, 671, 936
7, 603, 285
71, 039, 357
20, 050, 107
7, 481, 702
1, 216, 573
874, 543
21, 981
7, 156
Outstanding.
495, 741
144, 234
L7, 001,831
11, 131, 995
3, 960, 320
444, 437
325, 207
1,755
213
1885.
Issued
23, 167, 677
7, 747, 519
93, 208, 400
39, 804, 001
12, 318, 173
1, 758, 533
1, 345, 702
1,287,686
23, 924
7, 369
Redeemed
22, 731, 963
7, 628, 877|
76, 817, 0G6;29, 382, 872
8, 563, 797
971, 922
22, 727
7, 238
Outstanding
435, 714
118, 642 16, 391, 33i|l0, 421, 129
3, 754, 370
412, 771
315, 764
1,197
131
1886.
Issued
23, 167, 677
7, 747, 519 97, 667, 36o'
7, 639, 806 -81, 109, 272
41, 695, 970
12, 945,618
1,815,174
1, 342, 001
23, 924
7, 369
Redeemed
22, 757, 987
31, 767, 278
9, 397, 854
1,451,301
1, 055, 330
23, 138
7,290
Outstanding.
409, 690
107, 713|l0, 558, 088
9, 928, 692
3, 547, 704
363, 873
286, 671
786
79
1S87.
Issued..
23, 167, 677
7, 747, 519 100,455,524
7, 646, 720|85, 170, 819
42, 762, 799
13, 301, 145
1, 849, 618
1, 375, 146
23, 924
7, 369
Redeemed
22,776,403
33, 799, 928
10, 091, 941
1, 536, 143
1, 127, 452
23, 293
7, 305
Outstanding.
391, 274
100, 799| 15, 284, 705
8. 962, 871
3, 209, 204
313, 470
247, 694
631
64
180 REPORT OF THE COMPTROLLER OF THE CURRENCY
Statement of Monthly Increase or Decrease of National-Bank Circula-
tion for toe Year Ending October 31, 1887, Preceded by Quarterly In-
or Decrease Since January 143 1875.
National-bank circulation.
(
From January 14 to 31, 1875
For quarter ending—
April 30, 1875
July 31, 1875
October 31, 1875
January 31, 1870
April 30, 1875
July 31, 1876
October 31, 1870
Jauuarv 31, 1877
April 30, 1877
July 31, 1&77
October 31, 1877
January 31, 1878
April 30, 1878
July 31, 1878
October 31, 1878
January 31. 1879
April 30, 1879
July 31, 1879
October 31, 1879
January 81, 1880
April 30, 1880
July 31, 1880
October 31, 1880
January 31, 1881
April 30, 1881
July 31, 1881
October 31, 1881
January 31, 1882
April 30, 1882
July 31,1882
October 31, 1882
January 31, 1883
April 30, 1883
July 31, 1883
October 31, 1883
January 31. 1884
April 30, 1884
July 31, 1884
October 31, 1884 *..
January 31, 1885
April 30, 1885
July 31, 1885
October 31, 1885
January 31, 1886
April 30, 1886
.July 31, 1886
Octobor 31, 1886
November, 1886
December, 1886
January, 1887
February, 1887.,
March, 1887
April, 1887
May, 1887
June, 1887
July, 1887
August, 1887 . .
September, 1887
October, 1887 ...
Total
Surrendered lo this office and retired from
January 14, 1875, to October 31, 1887
Issued.
Retired.
$537, 580
$255, 600
4, 409, 220
3, 336, 804
4, 124, 165
5, 423, 030
1,915,710
5, 553, 971
2, 504, 600
3, 852, 731
877, 580
5, 425, 539
1, 107,1(0
9, 663, 984
2, 004, 390
8, 564, 727
3, 188, 630
4, 759, 015
4, 363, 010
5, 005, 596
3, 000, 230
4, 984, 399
5, 754,160
3, 516, 321
6, 725, 585
2, 701, 885
3, 036, 760
1,906, 721
4, 252, 980
3, 453, 080
2, 276, 360
2, 924, 430
3, 097, 060
747, 327
7, 039, 300
1,822, 988
3, 074, 830
2,715,524
9, 122, 300
1, 754, 558
7, 289, 805
074, 129
3, 163, 820
1, 555, 766
1,748,000
2, 427, 398
1, 199, 930
1,535, 760
2, 234, 780
1,361,534
12, 090, 890
4, 426, 596
9, 569, 410
4, 734, 578
0,481,550
3, 182, 551
5, 625, 200
3, 354, 153
2,991,400
4, 414, 865
4, 054, 740
5, 741,450
9,792,910
5,611,497
4, 588, 850
4, 927, 020
3, 638, 650
6, 510, 245
3, 527, 100
6, 808, 245
2, 755, 600
6, 309, 273
2, 748, 270
5, 172, 714
2, 052, 294
8, 430, 804
2, 778, 960
7, 883, 997
2, 792, 170
6, 833, 874
1, 265, 520
' 7, 842, 055
2, 125, 260
8, 135, 112
2. 160, 110
5, 731, 073
5, 591, 700
6, 758, 154
7, 751, 794
5, 581, 201
4, 700, 384
8, 397, 103
1, 469, 325
8, 425, 486
1, 566, 700
0, 408, 227
191, 970,402
227, 724, 716
444, 905
2,589,454
366, 765
2, 890, 759
431, 880
4,094,700
447, 560
4. 472, 480
1, 049, 890
3, 077
804, 325
2, 976, 500
674, 500
3, 315, 544
1, 657, 890
4,765, 821
604, 280
3, 220, 350
999, 510
3, 185, 093
1, 435, 040
2, 798, 550
1, 586, 800
2, 437, 886
Increase.
11, 163, 345
”2037l33, 747
203, 133, 747
40, 324, 277
268, 048, 993
15, 477, 733
283, 526, 726
$281, 980
1, 072, 416
Decrease.
2, 237, 839
4, 023, 700
1, 130,039
797, 900
2, 349, 733
5, 216, 312
959, 306
7, 367, 742
6, 615, 676
1, 608, 054
873, 246
8, 264, 294
4, 834, 832
3, 301, 999
2, 271, 047
4,181,413
2, 170, 533
59, 560, 061
$1, 299, 765
3, 638, 261
1, 348, 131
4, 547, 959
8, 556, 874
5, 960, 337
1, 570, 385
642, 586
1,984,169
648, 070
678, 738
335, 830
1,423,465
1, 686, 716
338, 170
2, 871, 695
3, 341, 145
3, 613, 673
2, 424, 444
6, 378, 510
5, 105, 037
4, 041, 704
6, 676, 535
6, 009, 852
3, 571, 503
1, 166, 394
3, 696, 779
6, 950, 161
4, 901, 527
95, 314, 375
59, 560, 061
59, 500, 001
2, 144, 549
2, 529, 994
3, 002, 880
4, 024, 920
1, 915, 187
2, 112, 175
2, 641,044
3, 107, 934
2, 622, 070
2, 185, 583
1, 363, 510
851, 086
29, 100, 932
124,475, 307
15, 477, 733
139, 953, 040
Grand total .
REPORT OF THE COMPTROLLER OF THE CURRENCY
181
Table showing, by States, the amount of National Bank Circulation
ISSUED, THE AMOUNT OF LAWFUL MONEY DEPOSITED IN TIIE UNITED STATES
Treasury to retire National- Bank Circulation from June 20, 1874, to
November 1, 1887, and the amount remaining on deposit at the latter
date.
Lawful money deposited to retire national-bank cir-
culation since June 20, 1874.
States and Territories.
Additional
circulation
issued since
June 20,
1874.
For re-
demption
of not es of
liquidating
banks.
To retire
circulation
under act
of July 12,
1882.
To retire
circulation
under act ot
Juno 20,
Total de-
posits.
1874.
Lawful
money on
deposit
with the
United
States
Treasurer
at date.
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
Now Jersey
Pennsylvania
Delaware
Maryland
District of Columbia .
Yii-ginia
"West Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Missouri
Ohio 1
Indiana
Illinois
Michigan
Wisconsin
Iowa
Minnesota
Kansas
Nebraska
Nevada
Oregon
Colorado
• TJtah
Idaho
Montana
Wyoming
New Mexico
Dakota
Washington
Arizona
California
Lawful money depos-
ited prior to June
20, 1874, and remain-
ing at that date
Total
$2, 728, 489
1,475, 905
3, 244, 915
34, 192, 9J0
4, 191, 050
0, 872, 760
39,411,595
4, 815, 185
26, 242, 120
604, 225
2, 931,940
502. 000
1, 599, 250
474,061
1, 380, 550
246, 030
851, 530
191, 350
651, 350
326, 240
2, 553, 490
2, 594, 755
509, 750
6, 697, 500
1, 797, 320
3, 363, 055
16, 857, 755
7. C61, 700
7. 094, 420
4, 747, 630
2, 526, 290
4, 162, 379
2, 228, 935
2, 696, 200
2, 215, 210
47, 250
438,610
1, 272, 140
488, 150
67, 750
631, 070
157, 225
247, 500
1,231,365
759, 740
75, 590
2, 411,340
$786, 500
465, 983
1, 059, 277
1,886,185
222, 750
948, 381
8, 383, 393
1, 389, 908
4,349, 115
” 166,' 600
455, 664
1,038,219
829, 290
290, 900
22, 500
330, 925
19, 210
135, 000
$1, 969, 615
SIS, 650
1, 288, 745
20, 472. 888
4, 738, 955
4, 991, 742
10, 556,800
1, 806, 722
13, 913, 280
159,320
2, 994, 900
551,280
475, 485
84, 170
395, 550
45, 000
666, 413
135, 830
11,250
1. 070, 417
854. 191
1,230,185
6, 902, 758
5, 088, 610
3, 674, 854
2,811,293
1,219,990
1, 677, 566
862, 079
848. 191
93, 670
7S9, 850
30, 290
i’lod’sio’
151, 920
360, 170
4, 108, 391
837, 909
1, 251, 085
280, 440
482, 770
393, 750
353, 800
15, 750
194, 800
347, 475
161, 191
186, 490
189, 940
15, 500
100, 660
40, 500
50, 590
90, 000
$2, 923, 350
1, 230,750
4,112,310
39, 107, 424
7, 706, 120
9, 581,142
47, 120, 535
0. 476, 843
30, 959, 557
231,750
5, 209, 810
665, 060
2, 152, 030
776, 490
1, 969, 135
1, 691, 695
1, 428, 575
7,790
1, 013, 320
38, 150
3, 109, 400
992, 400
312, 750
8, 037, 953
2, 160, 454
5, 693, 100
15, 645, 212
11,038, 361
11,561, 121
5, 324, 442
2, 350, 769
4, 555, 745
2, 482, 081
883, 670
1, 137, 33o
13, 500
83,310
428,310
379, 050
74, 250
272, 250
15, 750
285, 200
295, 905
304, 850
2,500
647, 650
$5, 679, 465
■2, 515, 383
0, 405, 332
61, 466, 490
12, 667, 825
15, 521, 265
66, 060, 728
9, 673, 473
49,221,053
391,070
8,371,310
1,120, 724
3, 742, 129
2, 081, 265
2, 260, 035
1, 798, 305
2, 155, 050
27, 000
1, 193, 320
38,150
4, 565, 663
1, 158,520
324, 000
10, 209, 210
3, 166, 565
7, 283, 455
26, 050, SCI
16, 964, 880
16, 487, 060
8, 416, 175
4, 053, 529
6, 627, 061
3, 097, 960
1,747,611
1, 425, 800
13, 500
83,310
962, 27,5
540,241
74, 250
462, 190
15, 750
300, 700
396, 505
345, 350
53, 000
737, 650
$2, 725, 664
1, 066, 976
1, 867, 879
21, 722, 508
5,711, 173
5,910, 887
10, 990, 976
2, 141, 560
18, 973, 877
126, 107
3, 333, 505
56,712
831,378
510, 400
189, 230
261,268
551, 466
17, 955
316, 496
1,301
689, 999
180, 366
33, 919
3, 429, 974
924, 883
735, 385
8, 056, 896
3, 283, 751
2, 546, 747
1,493,287
810, 061
1, 181,847
462,211
239, 388
377, 676
1,583
53, 390
198, 579
37, 909
15, 989
21, 859
170
164, 680
99, 482
43, 578
15, 690
179, 590
207, 868, 247
50, 922, 953
75, 806, 357
242, 489, 749
3, 813, 675
373, 032, 734
102, 586, 207
This includes circulation issued under act July 12, 1882.
182 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Statement showing the amount of National-Bank Notes outstanding on
October 31, 1887, the amount of lawful money on deposit with the Treas-
urer of the United States to redeem National-Bank Notes, and the kinds
AND AMOUNTS OF UNITED STATES BONDS ON DEPOSIT TO SECURE CIRCULATION
AND PUBLIC DEPOSITS.
NATIONAL-BANK NOTES.
Total amount, outstanding October 1, 1887
$272, 652, 501
' 851,227
Additional circulation issued duriug the intervening month :
To new banks
$238, 520
1, 348, 280
To banks increasing circulation
Total
1, 586, 800
2, 438, 027
Surrendered and destroyed during the intervening month
Total amount outstanding, November 1, 1887 * ..
271, 801, 274
169, 215, 067
102, 586, 207
Decrease in total circulation during the preceding twelve months
29, 432, 546
Circulation secured bv U. S. bonds (as below) -
716, 613
50, 495, 589
958, 902
7, 792, 493
4S, 756, 970
45, 077, 842
Decrease during the preceding twelve months
Amount of outstanding circulation represented by lawful money on de-
posit -with tbe Treasurer of the United States, to' redeem notes of—
Insolvent national banks
National hanks reducing circulation under section 4 of the act of
June 20, 1874
National banks retiring circulation under section 6, act of July 12,
1882
Total lawful money on deposit
Decrease in aggregate deposit during tbe preceding month
134, 614
21, 063, 043
Increase in aggregate deposit during the preceding twelve months
To secure
circulating
notes.
To secure
public de-
posits.t
U. S. REGISTERED BONDS ON DEPOSIT.
Pacific Railroad bonds, 0 per cents
$3, 256, 000
69, 696, 100
115, 731, 400
144, 500
$425, 000
9, 965, 500
22, 684, 000
550, 000
Funded loan of 1907, 4 per cents
Totals
188, 828, 000
33, 624, 500
‘Circulation of national gold banks not included in the above, $239,929,
t Amounting to $31,707,478.
REPORT OF THE COMPTROLLER OF TIIE CURRENCY
183
Table, by States, Territories, and Reserve Cities, exhibiting the Number
of Banks in Each, with tiieir Capital, Minimum Amount of Bonds Required
by Law, Bonds actually Held and Circulation Outstanding thereon on
October 5, 1887.
■ 1 'W :
States, Territories, and reserve cities.
No of
banks.
Capital.
United States bonds.
Circulation
outstanding
October 5,
1887.
Minimum
required.
Held October
5, 1887.
Maine
72
$10,440,700
$2, 227, 500
$5, 484, 500
$i, 875, 561
Now Hampshire.
49
6, 205, 000
1,501, 250
4, 019, 500
3, 588. 015
Vormont
49
7, 566. 000
1,541,500
3, 891, 000
3, 478, 100
Massachusetts
198
44, 790, 500
8, 144, 375
24, 061, 250
21,459,690
Boston
54
50, 950, 000
2, 700, 000
9, 908, 150
. 8.854,502
Rhode Island
61
20, 340, 050
2, 453, 250
5, 183, 900
4,642,913
Connecticut
83
24, 505,410
3,501,085
9, 716, 100
8, 698, 693
Division No. 1
506
164, 797, 660
22, 068, 960
62, 266, 400
55, 597, 474
Now York
209
34, 724, 260
7, 682, 790
19, 408, 550
17, 41)6. 488
New York City
47
49, 150, 000
2, 337, 500
9, 695, 000
8, 293, 502
Albany
0
1, 750, 000
300, 000
1,148, 000
1,016, 490
New Jersey
81
13, 024, 220
2, 603, 555
10, 874, 000
6, 060, 523
Pennsylvania
237
33, 551, 140
7, 129, 042
15, 198, 800
13. 379, 865
Philadelphia
43
22, 658, 000
2, 137, 500
2, 737, 500
2, 401. 149
Pittsburgh
23
10, 180, 000
1,125,000
1, 765, JuO
1, 569, 260
Division No. 2
706
165, 037, 620
23, 315, 387
56, 887, 950
50. 129, 277
Delaware
17
2, 081, 985
442, 700
1,596, 700
1,415,860
Maryland
31
2, 796, 700
686, 250
1,517, 000
1, 332, 140
Baltimore
17
11,713, 260
850, 000
2, 050,000
1, 822, 900
District of Columbia
1
252, 000
50, 000
250, 000
194,130
Washington
7
1, 575, 000
325, 000
680, 000
534, 895
Virginia
25
3, 796, 300
760, 250
1, 352, 500
1, 204, 380
W est Virginia
20
1, 961, 000
501, 250
761, 250
655, 525
Division No. 3
118
24, 178, 245
3, 615, 450
8, 207, 450
7, 159, 830
North Carolina
18
2,412,280
565, 570
928, 500
795, 710
South Carolina
15
1, 698, 000
412, 000
624. 750
559, 875
Georgia
21
3, 050, 520
575, 130
988, 500
877, 650
Florida
8
500, 000
125, 000
180, 500
146, 750
Alabama
20
3,485, 100
6 52, 525
900, 500
782, 330
Mississippi
12
1, 055, 000
263, 750
320, 000
277, 230
Louisiana'
5
500, 000
125, 000
125, 000
101, 740
New Orleans
8
2, 925, 000
400, 000
1,350,000
1,214, 995
Texas
91
9, 919, 750
2, 239, 937
2, 415, 300
2, 107, 535
Arkansas
7
950, 000
225, 000
410, 000
348, 740
Kentucky
59
9, 758, 900
2, 093, 475
3,411,000
3, 055, 890
Louisville
9
3, 551, 500
450, 000
694, 000
624,490
Tennessee
40
7, 460, 000
1,090, 000
1,483,750
1,320,895
Division No. 4
313
47, 266, 050
9, 217, 387
13,831,800
12, 219, 830
Ohio
192
22, 706. 020
5, 235, 505
10, 112, 650
9, 008 926
Cincinnati
15
10, 400, 000
750, 000
3, 612, 01 0
3, 226. 840
Cleveland
9
6, 700, 000
450, 000
605, 000
514,450
Indiana
93
11,894, 500
2, 616, 125
4, 723, 800
4, 217, 870
Illinois
100
14, 341, 500
3, 460, 375
4, 776, 500
4,219, 305
Chicago
18
15, 050, 000
900, 000
1. 050, 000
817, 150
Michigan
100
10, 674, 600
2,318, 650
3, 012, 750
-2, 673. 585
Detroit
8
3, 883, 540
400, 000
400. 000
328, 750
Wisconsin
53
4, 442, 100
1, 098, 000
1, 373, Ot 0
1, 225, 623
Milwaukee
3
650, 000
150, 000
300, 000
270, 000
Division No. 5
651
10vl832, 160
17, 378, 655
29, 905, 700
26, 532, 499
Iowa
128
10, 150, 000
2, 412, 500
3, 060, 500
2,713, 623
Minnesota
58
13, 740, 000
1,028,750
1, 881, 050
1, G75, 725
Missouri
35
2, 517, 280
629, 320
782, 750
694. Gl 5
Saint Lonis
5
3, 000, 000
250, 000
710, 000
637, 750
Kansas City
8
5, 940, 000
385, 000
400, 000
315, 000
Saint Joseph
2
300, 000
75, 000
157, 550
119,350
Kansas
139
10, 530, 800
2, 532, 700
2, 748, 250
2, 295, 210
Nebraska
95
6, 006, 100
1, 476, 525
1, 504, 000
1, 345. 220
Omaha
8
2, 400, 000
350, 000
350, 000.
314,500
Division No. 6
478
54, 584, 180
9, 739, 795
11, 594, 100
10, 110, 993
184 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table, by States, Territories, and Reserve Cities, Exhibiting the Number
of Banks in Each, with their Capital, etc. — Continued.
States, Territories, and reserve cities.
Colorado
Nevada
California
San Francisco ...
Oregon
Arizona
Division No. 7
Dakota
Idalio
Montana 1
New Mexico
Utah
Washington
Wyoming
Division No. 8
No. of
banks.
Capital.
United States bonds.
Circulation
outstanding
October 5,
1887.
Minim mn
required.
Held October
5, 1887.
31
$2, 751,850
$662, 963
$989, 000
$880, 330
2
150, 000
37, 500
37, 500
33, 720
30
4, 170, 000
890, 000
1, 088, 750
939, 990
3
2, 700, 000
150, 000
750, 000
659, 790
23
1, 795, 000
423, 750
644, 800
566, 160
1
100, 000
25, 000
25, 000
22, 000
90
11, 666, 850
2, 189, 213
3, 535, 050
3, 101,990
62
3, 720, 000
930, 000
962, 500
861, 925
0
350, 000
87, 500
92, 800
81, 940
17
1, 975, 000
406, 250
480, 600
422, 280
9
850, 000
212. 500
240, 000
215, 990
7
850, 000
212, 500
390, 000
292, 130
18
1,280,000
320, 000
405, 000
356, 540
8
1, 075, 000
218, 750
223, 750
200, 645
127
10, 100, 000
2, 387, 500
2, 794, 650
2,431,450
3, 049
578, 462, 765
89, 912, 347
189, 083, 100
167, 283, 343
United States
REFORT OF THE COMPTROLLER OF THE
CURRENCY.
185
Table, by Statics, Territories, and Reserve Cities, exhibiting tiie Number of
Banks in each with Capital of $150,000 and under, and those with Capi-
tal EXCEEDING $150,000, AND SHOWING TnE AMOUNT OF BONDS DEPOSITED TO
Secure Circulation on October 5, 18e>7.
States, Territories, anil
Ranks with capital of
$150,000 and under.
Ranks with capital
over $150,000.
Total.
•
reserve cities.
United
United
United
! No.
Capital.
States
No.
Capital.
States
No.
Capital.
States
bonds.
bonds.
bonds.
Maine
58
$6, 170, 000
$3, 451, 500
14
$1,330, 700
$2, 032, 000
72
$10,440,700
$5, 483, 500
New Hampshire
41
4, 405, 000
3, 069, 500
8
1, 800, 000
950, 000
40
0, 205, 000
4, 019, 500
Vermont
30
3, 500, 000
1, 890, OOt)
13
4, 000, 000
1,995,000
49, 7, 500, 000
3, 891, 000
Massachusetts
80
10, 177, 500
5, 793, 850
112
34, 013, 000
18, 270, 400
198 44, 790, 500
24, 004, 250
54
50, 950, 000
9, 908, 150
51 50. 950 000
9, 908, 150
Rhode Island
20
2, 813, 000
1, 708, 900
35
17,527,050
3; 475; 000
01
20! 340i 050
5, 183, 900
Connecticut
20
3, 204, 340
1, 790, 500
51
21, 301, 070
7, 925, 000
83^4,505,410
9,716, 100
Division No. 1
270
30, 275, 840
17, 710, 250
290
124,521,820
44, 550, 150
56G 1 G4, 797, 660
62, 2G0, 400
New York
210
18, 981, 100
11, 080, 250
59
15, 793, 100
8, 382, 300
209 31,724,20
19, 408, 550
New York City
1
150, 000
150, 000
40
49, 000, 000
9, 545, 000
47j49, 150, 000
9, 095, 000
0
1. 7(J0, 000
1, 148, 000
fi
1 Ton. non
1, 148, OdO
New Jersey
53
4,814, 22i
2, 730, 000
28
8, 210,' 000
4i 144,' 000
8l!l3i 024! 220
6, 874, GOO
Pennsylvania
178
16, 710, 170
9, 173, 800
59
10, 834, 970
0, 025, 000
237
33, 5.51, 14ii
15, 198, 800
Philadelphia
1
150, 000
37, 500
42
22, 508, 000
2, 700, 000
43
22, 058, 000
2, 737, 500
Pittsburgh
1
100, 000
25, 000
22
10, 080, 000
1, 740, 500
23U0, 180, 000
1, 765, 500
Division No. 2
444 40, 8.61, 550
23, 203, 150
262
121,170,070
33, GS4, 800
700
105,037,020
56, 887, 050
Delaware
13
970, 800
773, 500
4
1, 113, 185
, 823, 200
17
2, 083, 985
1,596, 700
Maryland
28
2, 145, 000
1, 217, 000
3
051, 700
300, 000
31
2, 790, 700
1,517,000
17
11, 713, 200
2, 050, 000
17
11, 713, 000
2, 050. 000
1
' 2b2, 000
250 000
1
25*>’ 000
250 000
Washington
1
100, 000
100, 000
0
1, 475, 000
580, 000
7
1, 575, 000
680,' 000
Virginia
17
1, 441, 000
452. 500
8
2, 355, 300
900, 000
25
3, 790. 300
1, 352, 500
West Virginia
18
1, 005, 000
601, 250
2
356, 000
100, 000
20
1, 901,000
761, 250
Division No. 3
77
0, 201, 800
3, 204, 250
41
17, 910, 445
5, 003, 200
118
24, 178, 245
8, 207, 450
North Carolina
12
1, 002, 2S0
528, 500
0
1, 350, 000
400, 000
18
2, 412, 280
928, 500
South Carolina
12
1, 048, 000
199, 750
3
650, 000
425, 000
15
1, 098, 000
624, 750
Georgia
1G
1, SCO. 520
728, 500
5
1, 750, 000
200, 000
21
3, 050, 520
988, 500
8
500, 000
180, 500
8
500, 000
180, 500
Alabama
12
i, oioi ioo
350i 500
8
2, 475, 000
550, 00J
20
3, 48oi 100
900i 500
Mississippi
12
1. 055, 000
320, 900
12
1. 055, 000
320, OOO
Louisiana'
4
' 300, 000
75, 000
1
200, 000
50, 000
5
' 50(t| 000
125, 000
8
2, 925, 000
1, 350, 000
8
2, 925, 000
1, 350, 000
Texas
70
0, 559, 750
1, 800, 300
12
3i 360i 000
’ 615i 000
91
9j 91!>i 750
2, 415| 300
Arkansas
0
700, 000
210, 000
1
250, 000
200, 000
7
950. 000
410, 000
Kentucky
30
3, 773, 90c
1, 338, 000
23
5, 985, 000
2, 073, 000
59
9, 758, 900
3,411, 000
9
3, 551, 500
694, 000
9
3 551,500
694, 000
Tennessee
29
2, 1G0, 000
843, 750
11
5, 300) 000
040, 000
40
7, 4 GO, 000
1, 483, 750
Division No. 4
220
19, 409, 550
0, 574, 800
87
27, 796, 500
7, 257, 000
313
47,200, 050 13,831,800
Ohio
155
13, 542, 020
0, 387, 750
37
9, 254, 000
3, 724, 900
192
22, 796, 020
10,112,650
Cincinnati
15
10, 400, 000
3, G12, 000
15
10, 400, 000
3, 612, 000
Cleveland
9
0' 700] 000
605^ 000
9
0 700 0C0
' 605,' 000
Indiana
72
0, 204, 500
2, 873, 800
21
5^ 630i 000
1, 850i 000
93
11, 894, 500
4, 723, 800
Illinois
148
11,441,500
4, 020, 500
12
2, 900, 000
750, 000
100
14,341,500
4, 776, 500
Chicago
18
15, 050, 000
1, 050, 000
18
15, 050, 000
1, 050, 000
Michigan
88
0, 874, 600
2, 407, 750
12
3i 800i 000
' 605,' COO
100
10, 674, 600
3| 012i 750
Detroit
8
3, 883, 540
400 000
8
3 883 540
400, 000
Wisconsin
49
3, 592, 000
1, 123, 000
4
850, 000
250, 000
53
L 442, 000
1, 373; 000
Milwaukee
3
650, 000
300, 000
3
650, 000
300, 000
Division No. 5
512
41, 714, 020
10, 818, 800
139 59,117,540
13, 140, 900
051
1 00.832, 1G0
29, 905, 700
Iowa
122
8, 450, 000
2, 700, 000
« 0
1,700, 000
300, 000
128
10,150, 000
3, 060, 500
Minnesota
39
2,715, 000
801,050
19 11,025, 000
1,080, 000
58 13. 740. 000
1,881,050
Missouri
34
2, 317, 280
732, 750
1
200, 000
50, 000
35
2, 517, 280
782, 750
5
3 000, 000
710 000
3 00t » 0( 0
710, 000
Kansas City : ..
1
140, 000
50, 000
7
5j 80(>i 000
350, 000
8
5’ 940, 000
400i 000
Saint Joseph
1
100, 000
50, 000
i
2110, 000
107, 550
2
300, 000
157, 550
Kansas
131
8,530 800
2, 298, 250
8
2, 000, 000
450, 000
139
10, 530, 800
2, 748, 250
Nebiaska
93
5, 500, 100
1,404, 000
2
500, 000
100,000
95
6, 006, 100
1, 504, 000
Omaha
2
200, 000
50, 000
G
2, 200, 000
300, 000
8
2, 400, 000
350, 000
Division No. 6
423
27, 959, 180
—
8, 146, 550
55
20, 625, 000
3, 447, 550
478
54,584,180
11, 594, 100
18G REPORT OF THE COMPTROLLER OF THE CURRENCY
Table, by States, Territories, and Reserve Cities, exhibiting the Number of
Banks in each, etc. — Continued.
States, Territories, and
reserve cities.
Colorado
Nevada
California
San Francisco.
Oregon
Arizona
Division No. 7 ...
Dakota
Idaho
Montana
New Mexico
Ptali
Washington.
Wyoming
Division No. 8
United States
Banks with capital of
$150,000 and under.
No.
2G
2
21
Capital.
21
1
71
62
6
15
9
5
18
6
121
2,150
$1, 651, 850
150, 000
1, 760, 000
1, 295,000
100, 000
4, 956, 850
United
States
bonds.
$559, 000
37, 500
566, 250
344, 800
25, 000
1, 532, 550
3, 720, 000
350, 000
1, 225, 000
850, 000
450, 000
1, 280, 000
475, 000
8, 350, 000
179,849,390
962, 500
92, 800
330, 600
■ 240, 000
140, 000
405, 000
123, 750
2, 294, 650
79, 485, 000
Banks with capital
over $150,000.
No.
Capital.
19
6
899
$1, 100, 000
2, 410, 000
2, 700, 000
500, 000
6, 710, 000
750, 000
400. 000
600. 000
1,750, 000
398,613,375
United
States
bonds.
$430, 000
522, 500
750, 000
300, 000
2, 002, 500
150, 000
250, 000
'io6,’6oo
500, 000
109,598,100
Total.
No.
Capital.
I
31 $2, 751,850
2| 150, 000
30 4,170,000
3 2,700,000
23; 1,795,000
1 100, 000
90:11,666, 850
62
0
17
9
7
3, 720, 000
350, 000
1,975, 000
850, 000
850, 000
18 1,280,000
8; 1,075,000
127(10, 100, 000
3, 049:578,462,765
United
States
bonds.
$989. COO
37, 500
1, 088, 750
750, 000
644, 800
25, 000
3, 535, 050
962, 500
92, 800
480, 600
240, 000
390, 000
405, 000
223, 750
2, 794, 650
189 083,100
REPORT OF THE COMPTROLLER OF THE CURRENCY. 187
Table, by States, Territories, and Reserve Cities, exhibiting the Number
of Banks in each with Capital of $250,000 and under, and showing the
Amount of Bonds deposited to secure Circulation on October 5, 1887,
Amount of Bonds required by Proposed Code, and Amount of Bonds which
might be Withdrawn upon Adoption of Code.
Statos, Territories, and reserve cities.
No. of
banks.
Capital.
United States
bonds to
secure circu-
lation Oc-
tobers, 1887.
Amount of
bonds re-
quired to be
held under
the pro-
posed code.
Amount of
bonds
that may bo
withdrawn
upon
adoption of
the code.
Maine
64
$6,410, 000
$4,111,500
$641 000
$3, 470, 500
New Hampshire
47
5, G05, 000
3, 769, 500
560, 500
3. 209, 000
Vermont
41
4, 606, 000
2,516,000
406, 600
2, 049, 400
Massachusetts
148
23, 400, 500
12, 952, 000
2, 840, 050
10,611,950
Boston
6
1, 100, 000
250, 000
110,000
140,000
Rhode Island
35
4, 643, 250
2, 558, 900
464, 325
2, 094,575
Connecticut
49
7, 477, 210
4, 397, 500
747, 721
3,619,779
Division No. 1
389
53, 301, 960
30, 555, 400
5, 330, 196
25, 225, 204
New York
251
27, 422, 260
14, 959, 550
2, 742, 220
12, 217, 324
New York City
G
1,250, 000
940, COO
125, 000
815, 000
Albany
3
650, 000
348, 000
65, 000
283, 000
New Jersey
G9
8, 214, 220
4, 543, 600
821,422
3, 722, 178
Fennsvlvania
209
22, 931, 170
11,913, 800
2, 298,117
260, 800
9, 015, 683
Philadelphia
12
2, 60S, 000
587, 500
326, 700
Pittsburgh
8
1, 630, 000
810, 500
163, 000
647, 500
Division No. 2
558
64, 755, 650
34, 102, 950
6, 475, 565
27, 627, 385
Delaware
16
1, 583, 985
1, 226, 700
158, 398
1, 068, 302
Marvland
30
2, 545, 000
1, 407, 000
254, 500
1, 212, 500
Baltimore
1
230, 000
50, 000
23, 000
27, 000
Washington
5
975, 000
480, 000
97, 500
382, 500
Virginia
22
2, 496, 300
1, 152, 500
249, 630
902, 870
West Virginia
20
1, 961, 000
761, 250
196, 100
565, 150
Division No. 3
94
9, 791, 285
5, 137, 450
979, 128
4, 158, 322
North Carolina
17
2, 112, 280
828, 500
211, 228
617, 272
South Carolina
15
1,698,000
624, 750
169, 800
454, 950
Georgia
19
2, 050, 520
878, 000
205, 052
672, 948
Florida
8
500, 000
180, 500
50, 000
130, 500
Alabama
10
1, 985, 100
550, 500
198, 510
351.990
Mississippi
12
1, 055, 000
320, 000
105, 50'J
214, 500
Louisiana
5
500, 000
125, 000
50, 000
75, 000
New Orleans
1
200, 000
200, 000
20, 000
180, 000
Texas
85
7, 794, 750
2, 115, 300
779, 475
1, 335, 825
Arkansas
7
950, 000
410, 000
95, 000
315,000
Kentucky
53
7, 40S, 900
2, 541,000
740, S90
1, 800, 110
Tennessee
34
3, 260, 000
1, 183, 750
326, 000
857, 750
Division No. 4
272
29, 514, 550
9, 957, 300
2, 951, 455
7, 005, 845
Ohio
178
17, 986, 020
7, 976, 300
1, 798, 602
6, 177. 698
Cincinnati
3
650, 000
150, 0S0
65, 000
85, 000
Cleveland
1
200, 000
50, 000
20, 000
30, 000
Indiana
85
9, 044, 500
4, 223, 800
904, 450
3, 319, 350
Illinois
139
14, 041, 500
4, 726, 500
1, 404, 150
3, 322, 350
Chicago
5
1. 050, 000
400, 000
105, 000
395, 000
Michigan
95
8, 274, 600
2, 762, 750
827, 460
1, 835, 290
Detroit
1
200, 000
50, 000
20, 000
30, 000
Wisconsin
53
• 4, 442, 000
1, 373, 000
444, 200
928, 800
Milwaukee
3
650, 000
300, 000
65, 000
235. 000
Division No. 5
583
56, 538, 620
22, 012, 350
5, 653, 862
16, 358, 488
Iowa
126
9, 250, 000
2, 960, tOO
925, 000
2, 035, roo
Minnesota
40
4, 240, 000
1, 146, 050
424, 000
722, 0 0
Missouri
35
2, 517, 280
782, 750
251, 728
531,022
Kansas City
3
590 000
150, 000
59, 000
91, 000
Saint Joseph
2
300, 000
157, 550
30, 000 '
127, 550
Kansas
137
9, 930, 800
2, 648, 250
993, 080
1, 655, 170
Nebraska
94
5, 706, 100
1, 454, 000
570, 610
883, 390
Omaha
4
700, 000
150, 000
70, 000
80, 000
Division No. 6
447
33, 234, 180
9, 449, 100
3, 323, 418
6, 125, 682
■ ;
188 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table, by States, Terkitobies, and Reserve Cities, exhibiting the Number
of Banks in each with Capital of $230,000 and under, etc.— Continued.
States, Territories, and reserve cities.
No. of
hanks.
*
Capital.
United States
bonds to
secure circu-
lation Oc-
tober 5, 1887.
Amount of
bonds re-
quired to be
held under
the pro-
posed code.
Amount of
bonds
that may be.
withdrawn
upon
adoption of
the code.
Colorado
30
$2, 451, 850
150, 000
$939, 000
37, 500
888, 750
50, 000
614, 800
25, 000
$245, 185
15, 000
297, 000
20, 000
179, 500
10, 000
$693, 815
22, COO
Nevada
2
California
27
2, 970 j 000
200. 000
591,' 750
30, 000
465, 300
San Francisco
1
Oregon
23
1, 795. 000
100, 000
Arizona
1
15,' 000
Division No. 7
84
7, 666, 850
2, 585, 050
706, 085
1, 818, 365
Dakota
62
3, 720, 000
350, 000
1, 475, 000
850. 000
850, 000
1, 280, 000
675. 000
962, 500
92, 800
380, 600
240, 000
390, 000
405, 000
372, 000
690, COO
57, 800
233, 10O
155. 00O
Idaho
6
Montana
16
147^ 500
New Mexico
9
85,' 000
Utah
7
85>; 000
128, 000
67, 5U0
305, 000
. 277, 000
Washington
18
Wyoming
7
173i 750
106, 250
Division No. 8
125
9, 200, 000
2, 644, 650
920, 000
1, 724, 650.
United States
2, 552
264, 003, 095
116, 444, 250
26, 400, 309
90, 043, 941
REPORT OF THE COMPTROLLER OF THE CURRENCY. 189
Table, by States, Territories, and Reserve Cities, exhibiting the Number
of Banks in each with Capital of over $260,000, and showing the Amount
of Bonds deposited to secure Circulation on October 5, 1887, Amount
OF BONDS REQUIRED BY PROPOSED CODE, AND AMOUNT OF BONDS WHICH MIGHT
be Withdrawn upon Adoption of Code.
States, Territories, and reserve cities.
No. of
banks.
Capital.
United States
bonds to
secure circu-
lation, Oc-
tober 5, 1887.
Amount of
bonds re-
I aired to be
Held under
the pro-
posed code.
Amount of
bonds
thatmay bo
withdrawn
upon
adoption of
the code.
8
$4, 030, 700
600, 000
$1, 372, 000
250, 000
$200. 000
$1,172,000
2
50, 000
200, 000
1,250,000
1, 225, 000
' 200, 000
8
2, 900, 000
21, 390, 000
49, 850, 000
15, 696, 800
1,375; 000
11,112, 250
9, 658,150
2, 625, 000
5, 318, 600
1, 175; 000
50
9', 802. 250
8, 433, 100
1,975, 000
4, 468, 600
49
26
65(1, 1)00
31
17, 028, 200
830, 0UO
377
111,495, 700
31,711,000
4, 425, 000
27, 286, 000
18
7, 302, 000
47, 900, 000
1,100, 000
4, 810, 000
10, 569, 970
20, 050, 000
8, 550, 000
4, 509, 000
• 8, 755, 000
800, 000
2, 331, 000
3, 285, 000
2, 150, 000
450. 000
4, 059, OCO
7,730 000
41
1, 025, 000
75, 000
3
’ 725,' 000
12
300, 000
700, 000
775, 000
375, 000
2, 031,000
2, 585, 000
28
31
1, 375; 000
580, 000
15
955, 000
148
100, 281,970
22, 785, 000
3, 700, 000
19, 083, 000
1
500, 000
251,700
370, 000
50, 000
25, 000
345. 060
1
25, 000
400, 000
25, 000
1, 600, OCO
225, 000
150, 000
16
11, 483i 260
252, 000
COO, 000
1,300, 000
2, 000, 000
230, 000
200, 000
200, 000
1
25', 000
50, 000
75, 000
2
3
125; 000
24
14, 386, 960
3, 070, 000
600, 000
2, 470, 000
1
300, 000
100, 000
25, 000
75, 000
2
1, 000, 000
110, 500
50, 000
60, 500
4
1,500, 000
350, 000
100, 000
250, 000
7
2, 725, 000
2, 125, 000
1, 150, 000
300, 000
175, 000
150, 000
975, 000
150, 000
6
6
2, 350, 000
3, 551, 500
4, 200, 000
870, 000
094, 000
150, 000
225, 000
150, 000
720, 000
469, 000
150, OCO
9
0
300, 000
41
17, 751, 500
3, 874, 500
1, 025, 000
2, 849, 500
Ohio
34
4, 810, 000
9, 750, 000
6, 500, 000
2, 850, 000
300, 000
14, 000, 000
2, 400, 000
3, 683, 540
2, 136, 350
3, 462, 000
555, 000
500, 000
50, 600
650, 000
250, 000
350, 000
350, 000
300, 000
200, 000
200, 000
25, 000
325, 000
125, 000
175, 000
1,786,350
12
3, 162, 000
355, 000
300, 000
25, 000
325, 000
125, 000
175, 000
Cleveland
8
8
1
Chicago
13
5
68
44, 293, 540
7, 953, 350
1,700, 000
6, 253, 350
2
900, 000
100,000
735, COO
1
50, 000
300, 000
50, 000
435, 000
12
9, 500; 000
Saint Loni3
5
5
3, 000, 000
5, 350, 000
710,000
250, 000
125, 000
125, 000
585, 000
125, 000
2
600, 000
300, 000
1, 700, 000
100, 000
50, 000
200, 000
50, 000
25, 000
100, OCO
50, 000
25, 000
mo, 000
4
31
21, 350, 000
2, 145, 000
775, 000
1, 370, 000
190 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Table, by States, Territories, and Reserve Cities, exhibiting the Number
of Banks in each with Capital of over 1^50,000, etc.— Continued.
States, Territories, and reserve cities.
No. of
banks.
Capital.
United States
bonds to
secure circu-
lation Oc-
tober 5, 1887.
Amount of
bonds re-
quired to be
held under
tbo pro-
posed code.
Amount of
bonds
that, may be
withdrawn
upon
adoption of
the code.
1
$300, 000
$50, 000
2$5, 000
$25, 000
Nevada
California
3
2
1,200, 000
2, 500, 000
200, 000
700, 000
75, 000
50, 000
125, 000
650, 000
San Francisco
Oregon
Arizona
Division No. 7
6
4, 000, 000
950, 000
159. 000
800, 000
Dakota
I
1
500, 000
100 000 ! 25.000
75, 000
Utah
1
400, 000
50, 000
25, 000
25, 000
Division No. 8
2
900, 000
1 50. 000
no. ooo
100, 000
497
314, 459, 670
72, 638, 850
12, 425, 000
60, 213, 850
REPORT OF THE COMPTROLLER OF THE CURRENCY. 191
National Banks that have gone into Voluntary Liquidation under the Pro-
visions op Sections 5’220 and 52 2 L op the Revised Statutes op the United
States, with the dates op Liquidation, the Amount of their Capital, Cir-
culation Issued and Retired, and Circulation Outstanding October 31, 1887.
Name anti location of bank.
First National Bank, Penn Tan, N. Y*..
First National Bank, Norwich, Conn*...
Second National Bank, Ottumwa, Iowat.
Second National Bauk, Canton, Ohiot —
First National Bank. Lansing. Micht
First National Bank, Columbia, Mo
First National Bank, Caroudelet, Mo
First National Bank, Utica, N. Y.*
Pittston National Bank, Pittston. Pa . . .
Fourth National Bank, Indianapolis. Ind.
Berkshire National Bank, Adams, Mass.!
National Union Bank, Rochester, N. Y..
First National Bank, Leonardsvillo, N.Y.
Farmers’ National Bank, Richmond, Ya.
Farmers’ National Bank, Waukesha. Wis.
National Bank of Metropolis, Washing-
ton, D. O
First National Bank, Providence, Pa . . .
National State Bank, Dubuque, Iowa ...
First National Bank of Newton, New-
tonville. Mass
First National Bank, New Ulm, Minn. . .
National Bank of Crawford County,
Meadville. Pa
Kittanning National Bank, Kittanning,
Pa.J
City National Bank. Savannah, Ga. t
Ohio National Bank, Cincinnati, Ohio...
First National Bauk, Kingston, N. Y
First National Bank. Blullion, Ind
National Exchange Bank, Richmond, Va.
First National Bank, Skaneateles, N. Y
First National Bank, .Jackson, Miss
First National Bank, Downingtown, Pa .
First National Bank, Titusville, Pa
Appleton National Bank, Appleton, Wis.
National Bank of Whitestown, N. Y
First National Bank, Now Brunswick,
N. J
First National Bank, Cuyahoga Falls,
Ohio
First National Bank, Cedarburg, Wis. ..
Commercial National Bank, Cincinnati,
Ohio
Second National Bank, Watertown, N.Y.
First National Bank, South Worcester,
N. Y
National Mechanics and Farmers’ Bank,
Albany, N. Y
Second National Bank, DesMoines, Iowa.
First National Bank, Steubenville, Ohio.
First National Bank, Plumer, Pa
First National Bank, Danville, Ya
First National Bank, Dorchester, Mass..
First National Bank, Oskaloosa, Iowa. . .
Merchants and Mechanics’ National
Bank, Troy, N. Y
National Savings Bank, Wheeling, W.
Va
First National Bank, Marion, Ohio
National Insurance Bank, Detroit, Mich.
National Bank of Lansingbnrg, N. Y
National Bank of North America, New
York, N. Y
First National Bank, Hallowed, Me
First National Bank, Clyde, N. Y
Pacific National Bank, New York, N. Y.
Grocers’ National Bank, New York, N.Y.
Savannah National Bank, Savannah, Ga.
First National Bank, Frostburg, Md
First National Bank, La Salle, 111
Date of
liquidation.
Capital.
Circulation.
Issued.
Retired.
Outstand-
ing.
Apr. 6,1804
May 2’ 1861
May 2,1861
Oct 3, 1804
Dec. 5', 1864
Sept. 19, 1864
$100, 000
$90, 000
$89, 875
$125
Mar. 15, 1865
30, 000
25, 500
25, 389
111
Juno 9, 18G5
Sept. 10, 1805
200, 000
Nov. 30, 1965
ioo; 000
100, 000
99, 180
820
Dec. 8, 1865
100, 000
Apr. 26, 1808
400; 000
192, 500
191, 283
1, 217
July 11, 1860
50, 000
45,000
44, 375
625
Oct. 22,1860
100, 000
85, 000
81, 108
1,892
Nov. 25, 1S66
ioo, ooo
90, 000
89, 495
505
Nov. 28, 1866
200, 000
180, 000
176, 535
3, 465
Mar. 1,1867
100, 000
90, 000
88, 620
1, 380
Mar. 9,1867
150, 000
127, 000
125, 556
1,444
Mar. 11, 1867
150, 000
130, 000
128, 584
1, 410
Apr. 18, 1867
60, 000
54, 000
53, 125
875
Apr. 19, 1867
300, 000
Apr. 29, 1867
200, 000
Mav 28| 1867
looj COO
Julv 3,1867
500; 000
450, 000
443, 590
6, 410
Sept. 26, 1867
200, 000
180, 000
177, 509
2,491
Dec. 5,1867
50, 000
45, 000
44, 561
439
Dec. 5, 1867
200, 000
180, 000
179, 050
950
Dec. 21, 1867
150, 000
135, 000
133, 566
1, 434
Deo. 26,1867
100, 000
45, 500
45, 280
220
Jan. 14,1868
100, 000
90,000
88, 881
1, 119
Jan. 15,1868
100, 000
86, 750
85, 669
1, 081
Jan. 21, 1868
50, 000
45, 000
44, 351
649
Feb. 14,1868
120, 000
45, 500
45, 178
322
Fob. 26,1868
100, 000
90, 000
88, 579
1,421
Mar. 4,1868
50, 000
45, 000
44, 415
585
Mar. 23, 1868
100, 000
90, 000
89, 377
623
Apr. 28, 186S
500, 000
345, 950
343, 115
2,835
July 21, 1808
100, 000
90, 000
88, 580
1,420
Aug. 4,1868
175, 500
157, 400
155, 676
1,724
Aug. 4,1868
350, 000
314, 950
312, 565
2, 385
Aug. 5,1868
50, 000
42, 500
42, 122
378
Aug. 8, 1868
150, 000
135, 00.)
132, 842
2,158
Aug. 25, 1868
100, 000
87, 500
85, 977
1,523
Sept, 30, 1808
50, 000
45, 001)
44,595
405
Nov. 23, 1868
150, 000
132, 500
130, 293
2,207
Dec. 17, 186S
75, 000
67, 500
G6t 950
550
Dec. 31,1868
300, 000
181, 750
182, 931
1, 819
Jan. 7, 1869
100, 000
90, 000
89,245
755
Jan. 12, 1869
125, 000
109, 850
108, 832
1, 018
Fob. 26,1869
200, 010
85, 000
84, 394
600
Mar. 6,1809
150, 000
135, 000
133, 662
1,338
Apr. 15,1869
1, 000, 000
333, 000
330, 384
2, 61G
Apr. 19, 1869
60, 000
53, 350
52, 857
493
Apr. 23, 1889
50, 000
44, 000
43, 230
770
May 10, 1869
422, 700
134, 990
133, 912
1,078
Jane 7,1869
390, 000
85, 250
84, 736
514
June 22, 1869
100, 000
85, 000
84, 385
615
July 30, 1869
50, 000
45, 000
44,723
277
Aug. 30, 1869
50, 000
45, 000
44, 405
535
New bank with same title, t Never completed organization. J Consolidated with another bank.
192 REPORT OF THE COMPTROLLER OF THE CURRENCY.
National Banks that have gone into Voluntary Liquidation under the Pro-
visions of Sections 5220 and 5221 of the Revised Statutes, etc. — Continued.
Name and location of bank.
Date of
liquidation.
Capital.
Circulation.
Issued.
Retired.
Outstand-
ing.
National Bank of Commerce, George-
town, 1). 0
Miner's National Bank, Salt Lake City,
Oct. 28,1809
$100, 000
$90, 000
$88, 980
$1, 020
Utah
Dec. 2, 1869
150, 000
135, 000
133,842
1, 158
First National Bank, Vinton, Iowa
National Exchange Bank, Philadelphia,
Dec. 13, 1869
50, 009
42, 500
42, 279
221
Pa
Jan. 8, 1870
300, 000
175, 750
173, 330
2,420
First National Bank, Decatur, 111
Jan. 10,1870
100, 000
85, 250
84, 170
1, 080
National Union Bank, Oswego, N. Y
Jan. 11, 1870
100, 000
88, 250
87, 121
1, 129
First National Bank, Berlin, Wis .
Jan. 25, 1870
500, 000
44, 000
43, 610
390
Central National Bank, Cincinnati, Ohio.
Mar. 31, 1870
500, 000
425, 000
420, 615
4,385
First National Bank, Dayton, Ohio
National Bank of Chemung, Elmira,
Apr. 9, 1870
150, 000
135, 000
133, 678
1, 322
N. Y
Merchants’ National Bank, Milwaukee,
June 10, 1870
100, ooo
GO, 000
89,443
557
Wis
June 14, 1870
100, 000
90,000
89, 170
830
First National Bank, Saint Louis, Mo. . .
Chemung Canal National Bank, Elmira,
July 10,1870
20 0, 000
179, 990
178, 463
1, 527
n. y
Central National Bank, Omaha, Nebr* ..
First National Bank, Clarksville, Va
Aug. 3,1870
Sept. 23, 1870
Oct. 13,1870
100, 000
100, 000
50, 000
90, 000
89, 084
916
27, 000
26, 860
140
First National Bank, Burlington, Vt
Oct. 15,1870
300, 000
270, 000
266. 103
3, 897
First National Bank, Lebanon, Ohio
National Exchango Bank, Lansingburg,
Oct. 24,1870
100, 000
85, 000
84, 239
■ 761
N. Y
Muskingum National Bank, Zanesville,
Doc. 27, 1870
100, 000
90, 000
89, 301
699
Ohio
Jan. 7,1871
100, 000
90, 000
89, 125
875
United National Bank, Winona, Minn...
Feb. 15,1871
50, 000
45, 000
44, 525
475
First National Bank, Des Moines, Iowa.
Saratoga County National Bank, Water-
Mar. 25, 1871
100, 000
90, 000
89, 079
'921
ford, N. Y
Mar. 28, 1871
150, 000
135, 000
133, 858
1,142
Stato National Bank, Saint Joseph, Mo.
Mar. 31, 1871
100, 000
90, 000
89, 439
501
First National Bank, Fenton, Mich
May 2, 1871
loo, ooo
49, 500
48, 983
517
First National Bank, W'ellsburg, W, Va
June 24, 1871
100,000
91), 000
89, 148
852
Clarke National Bank, Rochester, N. Y.
Aug, 11, 1871
200, 000
180, 000
178, 022
1,978
Commercial NationalBank, Oshkosh, W is
Fort Madison National Bank, Fort Mad-
Nov. 22, 1871
100, ooo
90, 000
89, 168
■832
isou, Iowa
Dec. 26,1871
75, 000
07, 500
66, 920
580
National Bank of Maysvillo, Ky
Jan. 0, 1872
300, 000
270, 000
268, 241
1,759
Fourth National Bank, Syracuse, N. Y.
American National Bank, New York,
Jan. 9, 1872
105, 500
91,700
90, 692
1, 008
N. Y
Carroll County National Bank, Sand-
May 10, 1872
500, 000
450, 000
443, 131
0, 809
wich, N. II
May 24, 1872
50, 000
45, 000
44, 288
712
Second National Bank, Portland, Me. . . .
June 24, 1872
100, 000
81,000
79,019
1,381
Atlantic National Bank, Brooklyn, N.Y.
Merchants and Farmers’ National Bank,
July 15,1872
200, 000
105, 000
163, 340
1, G60
Quincy, 111 —
Aug. 8, 1S72
150, 000
135, 000
133, 500
1, 500
First National Bank, Rochester, N. Y. . .
Aug. 9, 1872
400, 000
206, 100
203, 509
2, 531
Lawreuceburg National Bank, Ind
Jewett City NationalBank, Jewett City,
Sept. 10, 1872
200, 000
180, 000
177, 548
2, 452
Conn
Oct. 4, 1872
00, 000
< 48, 750
48, 092
658
First National Bank, Knoxville, Tenn..
Oct. 22,1872
100,000
80,910
79, 874
1, 036
First National Bank, Goshen, Ind
Kidder National Gold Bank, Boston,
Nov. 7,1872
115, 000
103, 500
102, 071
1, 429
Nov. 8,1872
Nov. 10, 1872
300, 000
154, 700
120, 000
138, 140
120, 000
130, 108
Second National Bank, Zanesville, Ohio.
Orange County National Bank, Chelsea,
1, 972
Vt
Jan. 14,1873
200, 000
180, 000
176. 970
3, 024
Second NationalBank, Syracuse, N. Y.
Richmond National Bank, Richmond,
Fob. 18,1873
100, 000
90, 000
88,715
1,285
Ind *
Feb. 28, 1873
230, 000
75, 000
207, Of 0
GO, 900
207, 000
65, 870
First National Bank, Adams, N. Y
Mechanics' National Bank, Syracuse N.
Mar. 7,1873
1, 030
Y
140, 000
93, 800
92, 695
1, 105
Farmers and Mechanics’ National Bank.
Rochester, N. Y
Apr. 15, 1873
100,000
83, 250
82, 148
1, 102
Montana National Bank, Helena, Mont..
Apr. 15, 1873
. 100, ooo
31, 500
31,365
135
First National Bank, Havana, N. Y
Merchants and Fanners’ National Bank,
June 3,1873
50, 000
45, 000
44, 270
730
Ithaca, N. Y
June 30, 1873
00, 000
45, 000
44, 185
815
National Bank of Cazonovia, N. Y
Merchants ’ National Bank, Memphis,
July 18,1873
150, 000
116, 770
115,113
1,657
Tenn
* N
Aug. 80, 1873
>w bank with
250, 000
same title.
225,000
221, 873
3, 127
193
REPORT OF THE COMPTROLLER OF THE
CURRENCY.
N
ational Hanks that have gone into Voluntary Liquidation under the Pro-
visions ok Sections 5220 and 5221 ok the Revised Statutes, etc. — Continued.
Name and location of bank.
Date of
liquidation.
Capital.
Circulation.
Issued.
Retired.
Outstand-
ing.
Manufacturers’ National Bank, Chicago,
111
Sept, 25, 1873
$500, 000
$450, 000
$443,398
$0, 602
Second National Bank, Chicago, 111
Merchants’ National Bank, Dubuque,
Sept, 20, 1873
100, 000
97, 500
95, 756
1,744
Iowa
Sept. 30, 1873
200, 000
180, 000
175, 265
4,735
Beloit National Bank, Beloit. Wis
Oct. 2, 1873
50, 000
45, 000
44, 216
784
Union National Bank, Saint Louis, Mo..
Oct. 22,1873
500, 000
150, 300
147, 828
2, 472
City National Bank, Geen Bay, Wis
Nov. 20, 1873
50, 000
45, 000
43, 990
1, 010
Fiiet National Bank, Shelbina. Mo
Jan. 1, 1874
100, 000
90, 000
88, 828
1, 172
Second National Bank, Nashville, Tenn
Jan. 8, 1874
125, 000
02, 920
91,215
1 , 705
First National Bank, Oneida, N. Y
Merchants’ National Bank, Hastings,
Jan. 13,1874
125, 000
110, 5U0
108, 589
1,911
Minn
Feb. 7, 1874
100, 000
90, 000
88, 105
1,895
National Bank of Tecumseh, Mich
Gallatin National Bank, Skawneetown,
Mar. 3,1874
50, 000
45, 000
44, 210
790
111
Mar. 7, 1874
250, 000
225, 000
222, 528
2,472
First National Bank, Brookville, l’a
Citizens’ National Bank, Sioux City,
Mar. 20, 1874
100, 000
90, 000
88, 445
1. 555
Iowa
Citizens’ National Bank, Charlottesville,
Apr. 14, 1S74
50, 000
45, 000
44, 705
295
Va
Apr. 27, 1874
100, 000
90, 000
88, 709
1, 291
Farmers’ National Bank, Warren, 111...
Apr. 28, 1874
50, 000
45, 000
44, 181
819
First National Bank, Medina, Ohio
Croton River National Bank, South East,
May 0,1874
75, 000
45, 000
44, 001
399
N. Y
Merchants’ National Bank of West Vir-
May 25,1874
200, 000
106, 550
163, 318
3, 232
ginia, Wheeling, W. Va
July 7,1874
500, 000
450, 000
442, 982
7,018
Central National Bank, Baltimore, Md.
Second National Bank, Leavenworth
J uly 15, 1874
200, 000
180, 000
178, 066
1,934
Kans
Teutonia National Bank, New Orleans,
July 22,1874
100, 000
90, 000
87, 526
2, 474
La
Sept. 2, 1874
300 000
270, 000
265, 780
4, 220
City National Bank, Chattanooga, Tenn
Sept. 10, 1874
170, 000
148,001
140, 003
1,998
First National Bank, Cairo, 111
Oct, 10, 1874
100, 000
90, 000
88, 204
1, 796
First National Bank, Olathe, Kans
Nov. 9,1874
50, 000
102, 000
45, 000
44, 497
503
First National Bank, Beverly, Ohio
Union National Bank, LaFayette, Ind..
Nov. 10, 1874
Dec. 4, 1874
90, 000
88, 102
1,898
Ambler National Bank, Jacksonville,
Fla*
Dec. 7,1874
Dec. 30,1874
Jan. 0, 1875
250, 000
42, 500
250, 000
224, 095
219, 453
4,642
Mechanics’ National Bank, Chicago, 111
First National Bank, Evansville, Wis..
125, 900
123, 020
2, 880
First National Bank, Baxter Springs,
55, 000
45, 000
44, 432
508
Kans
People’s National Bank, Pueblo, Colo...
Jan. 12,1875
Jan. 12,1875
50, 000
30, 000
35, 535
465
National Bank of Commerce, Green Bay,
50, 000
27, 000
26, 778
222
Wis
Jan. 12,1875
100, 000
90, 000
88, 800
1, 140
First National Bank, Millersburg, Ohio
Jan. 12, 1875
100, ooo
60, 400
50, 731
669
First National Bank, Staunton, Va
Jan. 23,1875
100, 000
90, 000
88, 597
1, 403
National City Bank, Milwaukee, Wis...
Irasburg National Bank of Orleans,
Feb. 24,1875
100, 000
60, 000
58, 675
1, 325
Irasburg, Vt
Mar. 17, 1875
Mar. 25, 1875
75, 000
67, 500
66, 104
1,306
First National Bank, Pekin, 111
Merchants’ and Planters’ National Bank,
100, 000
90, 000
88, 144
1,856
Augusta, Ga
Mouticello National Bank, Monticello,
Mar. 30, 1875
200, 000
169, 000
165, 830
3, 170
Iowa
Iowa City National Bank, Iowa City,
Mar. 30, 1875
100, 000
45, 000
44, 264
736
Iowa
Apr. 14, 1875
125, 000
104, 800
102, 671
2, 129
First National Bank, Wheeling, W. Va.
First National Bank, Mount Clemens,
Apr. 22, 1875
250, 000
225, 009
219, 410
5, 590
Mich
May 20, 1875
50, 000
27, 000
26, 830
170
First National Bank, Knob Noster, Mo.
May 29, 1875
50, 000
43, 800
43,358
442
First National Bank, Brodhead, Wis...
Aubnrn City National Bank, Auburn,
June 24, 1875
50, 000
45, 000
44, 342
658
N. Y
June 26, 1875
200, 000
141, 300
137, 987
3, 313
First National Bank, El Dorado, Ivans..
First National Bank, Junction City.
June 30, 1875
50, 000
45, 000
44, 400
600
Kans
July 1,1875
50, 000
45, 000
44, 565
435
First National Bank, Chetopa, Kans
Jnlv 19, 1875
50, 000
36, 000
35, 567
433
First National Bank, Golden, Colo
Aug. 25, 1875
50, 200
27, 000
26, 765
235
National Bank of Jefferson, Wis
Green Lane National Bank, Green Lane.
Aug. 20, 1875
60, 000
54, 000
52, 707
1, 293
Pa
Sppt, 9 1875
100, 000
60, 500
90, 000
89, 267
30, 407
733
State National Bank, Topeka, Kans
Farmers’ National Bank, Marshalltown,
Sept. 15, 1875
30, 600
193
Iowa
*Nevc
Sept. 18, 1875
ir completed o
50, 000
rganization.
27, 000 |
26, 705
235
8770 CUE 87 13
194 REPORT OF THE COMPTROLLER OF THE CURRENCY
National Banks that have gone into Voluntary Liquidation under the Pro-
visions of Sections 5220 and 5221 of the Revised Statutes, etc.— Continued.
Date of
liquidation.
Capital.
Circulation.
Name and location of bank.
Issued.
Retired.
Outstand-
ing.
Richland National Bank, Mansfield,
Ohio
Sept. 25, 1875
$150, 000
$130, 300
$126, 549
$3, 751
Planters’ National Bank. Louisville, Ky.
Sept. 30,1875
350, 000
315, 000
304, 784
10, 216
First National Bank, Gallatin, Teun
Oct. 1, 1875
75, 000
45, 000
44, 430
570
First National Bank. Charleston, W. Va.
Oct. 2, 1875
100, 000
90, 000
88, 790
1, 210
People’s National Bank, Winchester,
111
Oct. 4, 1875
75, 000
67, 500
66, 217
1,283
First National Bank, New Lexington,
Ohio
Oct. 12,1875
50, 000
45, 000
44, 475
525
First National Bank, Ishpeming, Mich .
Oct. 20,1875
50, 000
45, 000
44, ooe
994
Fayette County National Bank, Wash-
ington, Ohio
Oct. 26,1875
100, 000
81, 280
80, 033
1,247
Merchants’ National Bank, Fort Wayne,
Ind
Nov. 8, 1875
100, 000
46, 820
45, 955
865
Kansas City National Bank, Kansas
City, Mo
Nov. 13, 1875
100, 000
65, 991
64, 574
1,417
First National Bank, Schoolcraft, Mich.
Nov. 17, 1875
50, 000
45, 000
44, 302
698
First National Bank, Curwensville, Pa..
Dec. 17, 1875
100, 000
90. 000
87, 308
2,692
National Marine Bank, Saint Paul,
Minn
Dec. 28, 1875
100, 000
59, 710
57, 705
42, 895
2,005
First National Bank, Rochester, lud
.Tan. 11, 1876
50, 000
45, 000
2, 105
First National Bank, Lodi, Ohio
Jan. 11,1870
loo, ooo
90, 000
87, 407
2, 593
Iron National Bank, Portsmouth, Ohio
Jan. 19,1876
100, 000
90, 000
88, 537
1,463
First National Bank, Ashland. Nebr
Jan. 26,1870
50, 000
45, 000
44, 464
536
First National Bank, Paxton, 111
Jan. 28,1870
50, 000
45, 000
43, 809
1, 191
First National Bank, Bloomfield, Iowa..
F’eb. 5, 1S76
55, 000
49, 500
48, 235
1, 265
Marietta National Bank, Marietta, Ohio.
Feb. 16, 1876
150, 000
90, 000
87, 321
2,679
Salt Lake City National Bank, Salt
Lake City, Utah
Feb. 21, 1878
100, 000
45, 000
43, 871
1,129
First National Bank, La Grange, Mo. . . .
Feb. 24, 1876
50, 000
45, 000
44,221
779
First National Bank, Atlantic, Iowa
Mar. 7, 1876
50, 000
45, 000
44, 235
765
First National Bank, Spencer, Ind
Mar. 11. 1876
70, 000
63, 000
62, 179
821
National Currency Bank, New York,
N. Y 1.
Mar. 23, 1876
100, 000
45, 000
43, 500
1, 500
Caverna National Bank, Caverna, Ky...
May 13, 1876
50, 000
45, 000
44, 415
585
City National Bank, Pittsburgh, Pa
May 25, 1876
200, 000
68, 929
67, 025
1, 904
National State Bank, Des Moines, Iowa.
June 21, 1876
100, 000
50,795
48, 755
2, 040
First National Bank, Trenton, Mo
Juno 22, 1870
50, 000
45, 000
44, 296
704
First National Bank, Bristol, Teun
July 10, 1870
50, 000
45, 000
44, 460
540
First National Bank, Leon, Iowa
July 11, 1870
60, 000
45, 000
43, 546
1,454
Anderson County National Hank, Law-
re n coburgh, liy
July 20, 1876
100, 000
45, 000
44, 480
520
First National Bank, Newport, Ind
Aug. 7,1876
60, 000
45, 000
43, 478
1, 522
First National Bank, Be Pere, Wis
Aug. 17, 1876
50, 000
31, 500
31, 158
342
Second National Bank, Lawrence, Kans.
Aug. 23, 1876
100, 000
67, 500
66, 165
1, 335
Commercial National Bank, Versailles,
Ky
Aug. 26, 1876
170, 000
153, 000
148, 897
4, 103
State National Bank, Atlanta, Ga
Aug. 31, 1876
200, 000
73, 725
71, 160
2, 565
Syracuse National Bank, Syracuse, N.
Sept. 25, 1870
200, 000
117, 961
112, 363
5, 598
First National Bank, Northumberland,
Pa
Oct, 6, 1876
100, 000
62, 106
59,411
2, 695
First National Bank, Lancaster, Mo
First National Bank, Council Grove,
Kans
Nov. 14, 1876
50, 000
27, 000
26, 752
248
Nov. 28, 1870
50, 000
26, 500
26, 024
470
National Bank Commerce, Chicago, 111..
Dec. 2,1876
250, 000
71, 465
69,311
2,154
First National Bank, Palmyra, Mo
Dec. 12, 1876
100, 000
46, 140
44, 420
1, 720
First National Bank, Newton. Iowa
Dec. 16, 1876
50, 000
45, 000
42, 639
2, 361
National Southern Kentucky Bank,
Bowling Green, Ky
Dec. 23, 1870
50, 000
27, 000
26, 593
407
First National Bank, Monroe, Iowa
Jan. 1,1877
60, 000
35, 700
34, 934
766
First National Bank, New London,
Conn
Jan. 9, 1877
100, 000
38, 300
35, 981
2, 319
Winona Deposit National Bank, Wi-
100, 000
63, 285
60, 571
2,714
First National Bank, South Charleston,
( iliio
Fob. 24, 1877
100, 000
90, 000
86, 975
3, 025
Lake Ontario National Bank, Oswego,
N. Y
Feb. 24, 1877
275, 000
66, 405
61,591
4,814
First National Bank, Sidney, Ohio
Feb. 26, 1877
52, 000
46, 200
44, (597
1, 503
Clnllicothe National Bank, Ohio
Apr. 9,1877
100, 000
53, 825
51, 185
2, 640
901
First. National Bank, Manhattan, Kans
Apr. 13, 1877
52, 000
44, 200
43, 299
National Bank, Montieello, Kv
Apr. 23, 1877
60, 000
49, 500
46, 580
2, 920
First National Bank, Rockville, Ind
A pr. 25, 1877
200, 000
173, 090
166,490
6, 600
Georgia National Bank, Atlanta, Ga
May 31,1877
100, 000
45, 000
43, 18 1
1,816
1, 496
First National Bank, Adrian, Mich
J tine 11, 1877
100, 000
43, 500
42, 004
REPORT OF THE COMPTROLLER OF TIIE CURRENCY. 195
N
atioxal Banks that have gone into Voluntary Liquidation under the Pro-
visions of Sections 5220 and 5221 of the Revised Statutes, etc. — Continued.
Name ami location of bank.
Capital.
Circulation.
liquidation.
Issued.
Retired.
Outstand-
ing.
First National Bank, Napoleon, Ohio
Juno 30, 1877
$50, 000
$45, 000
$43,613
$1,387
First National Bank Lancaster, Ohio
Aug. 1,1877
00, 000
54, 000
51, 794
2, 206
First National Bank, Minerva, Ohio
Aug. 24, 1877
50, 000
45, 000
43, 924
1, 076
Kinney National Bank, Portsmouth. Ohio.
Aug. 28, 1877
100, 000
90, 000
87, 835
2, 165
First National Bank. Green Bay, IV is. .
Oct. 19,1877
50, 000
45, 000
43, 352
1, 618
National Excliungo Bnnk.W aketichl.U. I.
Oct. 27,1877
70, 000
34, 650
32, 047
2, 003
First National Bank, Union City, Ind.. .
Nov. 10, 1877
50, 000
45, 000
43, 405
1, 595
First National Bank, Negaunee, Mich ..
Nov. 13, 1877
50, 000
45, 000
43, 095
1, 305
Tenth National Bank. New York, N. Y .
Nov. 23, 1877
500, 000
441, 000
412, 325
28, 675
First National Bank. Paola, Kans
Dec. 1,1877
50, 000
44, 350
42, 983
1, 367
National Exchange Bank, Troy, N.Y. ..
Dec. 6, 1877
100, 000
90, 000
80, 160
3, 834
Second National Bank, La Fayette, Ind .
State National Bank, Minneapolis, Minn
Doc. 20, 1877
200, 000
52, 107
47, 117
5, 050
Dec. 31, 1877
100, 000
82, 500
78, 403
47, 103
4, 097
Second National Bank, Saint Louis, Mo .
Jan. S, 1878
200, OoO
53, 055
5,892
First National Bank, Sullivan, Ind
Rockland County National Bank, Nyack,
Jan. 8,1878
50, 000
45, 000
43, 995
1,005
N. Y
Jan. 10, 1878
100, 000
89, 000
85, 231
3, 769
First National Bank, Wyandotte, Kans.
Jan. 19, 1878
50, 000
45, 000
43, 795
1, 205
First National Bank, Boone, Iowa
Jan. 22,1878
50, 000
32, 400
31, 110
1, 290
First National Bank, Pleasant Hill, Mo.
Fob. 7, 1878
50, 000
45, 000
43, 632
1, 368
National Bank of Gloversville, N.Y
Feb. 28,1878
ioo, ooo
64, 750
02, 002
2,688
First National Bank, Independence, Mo.
Mar. 1, 1S78
50, 000
27, 000
24, 651
2,349
National State Bank, Lima, Ind
Mar. 2, 1878
100, ooo
33, 471
31, 392
2, 079
825
Nirst National Bank, Tell City, Ind
Mar. 4, 1878
50, 000
44, 500
43, 075
First National Bank, Pomeroy, Ohio
Eleventh Ward National Bank, Boston,
Mar. 5,1878
200, 000
75, 713,
70, 481
5,232
Mass
Mar. 14, 1878
200, 000
89, 400
86, 355
3, 045
First National Bank, Prophetstown, 111
Mar. 19, 1878
50, OoO
45, 000
44, 238
762
First National Bank, Jackson, Mich
Mar. 20, 1878
100, 000
88, 400
84, 215
4, 185
First National Bank, Eau Claire, Wis. . .
Mar. 30, 1878
00, 000
38, 461
37, 210
1,245
First National Bank, Washington, Ohio.
Apr. 5,1878
200, 000
09, 750
65, 092
4, 658
First National Bank, Middleport. Ohio..
Apr. 20,1878
8'.), 000
31,500
30, 825
675
First National Bank, Streator, 111
Apr. 24, 1878
50, 000
40, 500
39, 775
725
First National Bank, Muir, Mich
Kano County National Bank, Saint
Apr. 25, 1878
50, 000
44, 200
43, 109
1, 091
Charles, 111
May 31,1878
50, 000
26, 300
25, 288
3,012
First National Bank, Carthage, Mo
Security National Bank, Worcester,
Juno 1,187S
50, 000
44,500
43,415
1, 085
Mass
Juno 5,1878
100, OOO
49, 000
46, 890
2,110
First National Bank, Lake City, Colo...
June 15, 1878
5U, 000
29, 300
28,909
391
People’s National Bank, Norfoik, Va
July 31, 1878
100, ooo
85, 705
79, 265
6,440
Topeka National Bank, Topeka, Kans ..
Aug. 7,1878
100, ooo
89, 300
82, 595
6, 705
First National Bank, Saint Joseph, Mo.. .
Aug. 13, 1878
100, ooo
67, 110
61, 826
5, 284
First National Bank, Winchester, Ind ..
Muscatine National Bank, Muscatine,
Aug. 24,1878
60, 000
52, 700
49, 635
3, 665
Iowa
Sept. 2,1878
100, ooo
44, 200
39, 926
4, 274
Traders’ National Bank. Chicago, 111
Sept. 4, 1878
200, ooo
43, 700
38, 695
5, 005
Union National Bank, Rahway, N. J
Sept. 10, 1878
100, ooo
89, 200
83, 499
5, 701
First National Bank, Sparta, Wis
Herkimer County National Bank, Little
Sept, 14. 1878
50, 000
45, 000
42, 797
2, 203
Falls, N. Y
Oct. 11,1878
200, ooo
178, 300
166, 190
12, 110
Farmers’ National Bank, Bangor, Mo...
Paciiic National Bank, Council Bluffs,
Nov. 22, 1878
100, ooo
88, 100
82, 952
6,148
Iowa
Nov. 30,1878
100, oco
45, 000
43, 263
1,737
First National Bank, Anamosa, Iowa ...
Smithfield National Bank, Pittsburgh,
Dec. 14,1878
50, 000
44, 500
40, 815
3, 685
Pa
Dec. 10, 1878
200, 000
78, 750
70, 100
8,650
First National Bank, Buchanan, Mich ..
Dec. 21,1878
50, 000
27,000
26, 185
815
First National Bank, Prairie City, 111...
Corn Exchange National Bank, Chicago,
Dec. 24,1878
50, 000
27, 000
23, 610
3, 390
111
Franklin National Bank, Coiambus,
Jan. 4, 1879
500, 000
59, 160
51, 613
7, 547
Ohio
Jan. 4,1879
100, ooo
93, 070
86, 423
6,647
Traders’ National Bank, Bangor, Mo
Jan. 14, 1879
100, ooo
70, 400
68, 917
7, 483
First National Bank, Gonic, N. 11
Jan. 14, 1879
60, 000
45, 597
42, 393
3, 204
First National Bank, Salem, N. C
Jan. 14, 1879
150,000
128, 200
117, 470
10, 730
First National Bank, Granville, Ohio
Commercial National Bank, Petersburg]],
Jan. 14, 1879
50, 000
34, 365
31, 509
2, 856
Ya J. . .
Jan. 14,1879
120, 000
99, 800
89, 303
10, 497
First National Gold Bank, Stockton, Cal.
Jan. 14,1879
300, 000
238, 600
212, 841
25, 75!)
First National Bank, Sheboygan, Wis...
Jan. 14, 1879
50, 000
45, 000
43, 354
1,640
First National Bank. Boscobel, Wis
Jan. 21, 1879
50, 000
43, 900
42, 132
1,768
National Marine Bank, Oswego, N. Y...
Central National Bank, Hightstown,
Jan. 25,1879
120, 000
44, 300
41, 214
3, 080
N. J
Feb. 15,1879
100, 000
32, 400
31, 265
1, 135
196 REPORT OF THE COMPTROLLER OF THE CURRENCY
National Banks that have gone into Voluntary Liquidation under tiie Pro-
visions of Sections 5220 and 5221 of the Revised Statutes, etc.— Continued.
Name and location of bank.
Date of
Capital.
Circulation.
liquidation.
Issued.
Retired.
Outstand-
ing.
Brookvillo National Bank, Brookville,
Ind
Feb. 18,1879
$100, 000
$89, 000
$81, 170
$7, 830
Farmers’ National Bank, Centreville,
Iowa
Feb. 27,1879
50, 000
41, 500
40, 288
1, 212
First National Bank, Clarinda, Iowa
Mar. 1, 1879
50, 000
45, 000
43, 807
1,193
Watervillo National Bank, Watervillo,
Mo
Mar. 3,1879
125, 000
110, 300
102, CCS
7, G35
Fiist National Bank, Tremout, Pa
Mar. 4, 1879
75, 000
64, 600
57, 174
7, 426
First National Bank, Atlanta, 111
Apr. 15, 1879
50, 000
26, 500
24, 230
2,270
Union National Bank, Aurora, 111
Apr. 22, 1879
125, 000
82, 000
74,077
7, 923
National Bank of Meuasha, Wis
Apr. 26, 1879
50, 000
44, 500
42, 844
1, 656
National Exchange Bank, Jefferson City,
Mo
May 8,1879
50, 000
45, 000
41,839
3, 161
First NationalBank, Hannibal, Mo
May 15, 1879
100, 000
88, 200
79, 990
8, 210
Merchants’ National Bank, Winona,
Minn
June 16, 1879
100, 000
35, 000
33, 662
1, 338
Farm ers’ Nation al Bank , Koi thsburg, 111 .
July 3, 1879
50, 000
27, 000
24, 650
2, 350
First NationalBank, Franklin, Ky
July 0,1879
100, 000
54, 000
49, 970
4, 030
NationalBank of Salem, Salem, Ind
July 8,1879
50, 000
44,400
43, 277
1, 123
Fourth National Bank, Memphis, Teuu.
July 19, 1879
125, 000
45, 000
40, 610
4, 390
Bedford National Bank, Bedford, Ind . . .
July 21, 1879
100. 000
87, 200
84, 156
3,014
First NationalBank, Afton, Iowa
Aug. 10, 1879
50, 000
26, 500
24, 989
1, 511
First National Bank, Deer Lodge, Mont.
Aug. 16, 1879
50, 000
45, 000
43, 490
1,510
First National Bank, Batavia, 111
Aug. 30, 1879
50, 000
44, 300
41, 450
2,850
N ational Gold Bank and Trust Company,
San Francisco, Cal
Sept. 1,1879
750, 000
40, 000
27, 510
12,490
Gainesville National Bank, Gainesvillo,
Ala
Nov. 25, 1879
100, 000
90, 000
79, 994
10,006
First National Bank, Hackensack, N. J .
Dec. 6, 1879
100, 000
90, 000
83, 063
6, 937
NationalBank of Delavan, Delavan, Wis.
Jan. 7,1880
50,000
27, 000
24,410
2, 590
Mechanics’ National Bank, Nashvillo,
Tenu
Jan. 13,1880
100, 000
90, 000
76, 950
13, 050
Manchester NationalBank, Manchester,
Ohio
Jan. 13,1880
50, 000
48, 303
43, 738
t, 565
First National Bank, Meyorsdalo, Pa ...
Mar. 0,1880
50, 000
30, 600
29, 540
1, 000
First NationalBank, Mifniuburg, Pa
Mar. 8,1880
100, 000
90, 000
70,775
10, 225
National Bank of Michigan, Marshall,
Mich
May 14, 1880
120, 000
100, 800
92, 197
8, 003
National Exchange Bank, Houston, Tex.
Sept. 10, 1880
- 100,000
31, 500
27,613
3, 887
Asoutnoy National Bank, Windsor, Vt
Oct. 19,1880
100, 000
90, 000
80, 932
9, 068
First National Bank, Seneca Falls, N. Y.
Nov. 23, 1880
60, 000
54, 000
51, 778
2 222
First NationalBank, Baraboo, Wis
Nov. 27, 181-0
50, 000
27, 000
25, 260
T, 740
Bundy National Bank, New Castle, Ind .
Doc. 6, 1880
50, 000
45, 000
43, 834
!, 166
Vineland NationalBank, Vineland. N. J.
Jan. 11,1881
50, 000
45, 000
43, 068
1,432
Ocean County National Bank, Tom’s
River, N. J
Jan. 11, 1881
100, 000
119,405
105, 620
13,785
lluugerford, National Bank, Adams, N. Y
Jan. 27,1881
50, 000
45, 000
39, 115
5,855
Merchants’ National Bank, Minneapolis,
Minn
Jan. 31, 1881
150, 000
98, 268
91,580
3, 688
Fanners' National Bank,Meehauicsburg,
Ohio
Fob. 18,1881
100, 000
30, 140
28, 525
1,615
First National Bank, Green Spring, Ohio.
Fob. 18,1881
50, 000
45, 000
42, 841
2, 159
First NationalBank, Cannon Falls, Minn
Feb. 21,1881
50, 000
45, 000
42, 615
2, 385
First National Bank, Coshocton, Ohio ..
Fob. 21, 1881
50, 000
, 53,058
50,453
2, 605
Manufacturers’ National Bank, Three
Rivers, Mich
Feb. 25,1881
50, 000
45, 000
42, 880
2, 120
First National Bank, Lansing, Iowa
Feb. 25, 1881
50, 000
45, 000
42, 576
2,424
First National Bank, Watertown, N. Y .
May 20,1881
100, 000
75,510
63, 145
12, 365
First National Bank, Americas, Ga
Juno 17, 1881
60, 000
45, 000
42, 942
2, 058
First National Bank, Saint Joseph, Mich.
Juno 30, 1881
50, 000
26, 500
21,386
2,114
First National Bank, Logan. Ohio
July 8,1881.
50, 000
45, 000
42, 565
2,435
First National Bank, Rochelle, 111
Aug. 9,1881
50. 000
45, 000
42, 283
2,717
First National Bank, Shakopeo, Minn...
Aug. 10, 1881
50, 000
45, 000
41,335
3, 665
National State Bank, Oskaloosa, Iowa.. .
Aug. 13, 1881
50,000
81,665
72, 895
8,770
First National Bank, Hobart, N. Y
Aug. 27, 1881
100, 000
90,000
79, 830
10, 170
Attica National Bank, Attica, N. Y
Aug. 30, 1881
50, 000
45,000
41, 660
3, 340
National Bank of Brighton, Boston, Mass
Oct. 4, 1881
300, 000
270, 000
242, 294
27, 706
Clement National Bank, Rutland, Vt*..
First National Bank, Lisbon, Iowa
Aug. 1,1881
Nov. 1,1881
100, 000
50, 000
45, 000
42, 400
2, 600
First National Bank, Warsaw, Ind
Dec. 1, 1881
50, 000
48, 500
45,310
3, 190
Brighton National Bank, Brighton, Iowa.
Dec. 15,1881
50, 000
45, 000
42, 044
2, 956
Merchants’ National Bank, Denver, Colo.
Dec. 24,1881
120, 000
72, 000
57, 140
14, 8(50
Merchants' National Bank, Holly, Mich.
Dec. 31, 1881
50, 000
45, 000
42, 525
2, 475
*Now bank with same title.
REPORT OP TIIE COMPTROLLER OP THE CURRENCY. 107
National Banks that have gone into Voluntary Liquidation under tiie Pro-
visions of Sections
r>220 and 5221 of tiie Revised
Statutes, etc. — Continued.
Name and location of bank.
%
Date of
liquidatioa.
Capital.
Circulation.
Issued.
Retired.
Outstand-
ing.
First National Bank, Allianco, Ohio
Jan. 3,1882
$50, 000
$45, 000
$40,418
$4,582
National Union Bank, Now London, Conn
Jan. 10,1882
300, 000
112,818
95, 980
10,832
National Bank of Rovalton, Vt
Jan. 10,1882
100, 000
90, 000
78, 007
1 1 , 933
First National Bank, Whitehall, N. Y ..
Jan. 18,1882
50, 000
45, 000
38, 519
0, 481
National Bank of Pulaski, Tenn
Jan. 23,1882
70, 090
43, 700
37, 198
0, 502
First National Bank, Alton, 111
Mar. 30, 1882
, 100, 000
90, 000
78, 957
11, 043
Havana National Bank, Havana, N. Y ..
Apr. 15, 1882
• 50, 000
45, (100
41,322
3, 078
First National Bank, Brownsville, Pa...
May 2,1882
75, 000
07, 500
50, 040
11,400
Second National Bank, Franklin, Ind...
Juno 20, 1882
100, 000
81, 000
00, 075
14, 985
Merchants’ National Bank, Georgetown,
Colo
June 22, 1882
50, 000
45, 000
41,988
3,012
Commercial National Bank, Toledo, Ohio.
July 0.1882
ioo, ooo
90, 000
81, 700
8, 300
Harmony National Bank, Harmony, Pa
July 7,1882
50, 000
45, 000
39, 000
0, 000
First National Bank, Liberty, Ind
July 22,1882
00, 000
54, 000
48, 500
5, 494
Manufacturers’ National Bank, Amster-
dam, N. Y
Aug. 1.1882
80, 000
72, 000
G4, 320
7, 080
First, National Bank, Bay City, Mich
Nov. 8,1882
400, 000
150, 100
135,479
20, 021
First National Bank, Ripley, Ohio
Nov. 10, 1882
100, 000
09, 201
5(5, 588
12, 813
National Bank of State of New York,
New York, N. Y
Dec. 6, 1882
800, 000
397, 004
354, 017
42, 987
First National Bank, Wellington, Ohio.
Dec. 12,1282
100, 000
90, 000
79,011
10, 989
Second National Bank, Jefferson, Ohio ..
Dec. 26,1882
ioo, ooo
90, 000
74, 0G8
15, 332
Fit st National Bank, Paiuesvillb, Ohio..
Dec. 30,1882
200,000
102, 800
134, 550
28, 244
Saint Nicholas National Bank, New
York, N. Y
Dec. 30.1882
BOO, 000
450, 000
375, 108
74, 832
Fift.li National Bank, Chicago, 111
Dee. 30, 1882
500,000
29, 700
19, 327
10, 373
First National Bank, Downgiac, Midi..
Jan. 3,1883
50, ooo
45, 000
40, 058
4, 942
First National Bank, Greenville, 111
Jan. 9, 1883
150, 000
59,400
47, 053
12, 347
Merchants’ National Bank, East Sagi-
naw, Mich
Jan. 9, 1883
200, 000
101, 100
85, 703
15, 397
Logan County National Bank, Russell-
villo, Ky
Jan. 9, 1883
50, 000
40, 050
30, 370
3, 080
National Bank ofVandalia, 111
Jan. 11,1883
100, ooo
90, 000
72, 840
17, 100
Traders’ National Bank, Charlotte, N. C.
Jan. 10,1883
50, 000
38, 800
34, 771
4, 029
First National Bank, Norfolk, Nebr...
Feh. 3, 1883
45, 000
11, 240
8,930
2,310
Feb. 5, 1883
30, 000
Mich.*
Citizens’ National Bank, NewUlm, Minn
Mar. 1,1883
50, 000
27, 000
21, 080
5, 320
National Bank of Owen, Owenton, Ky
Mar. 5,1883
50, 000
48,900
40, 530
8, 370
Merchants’ National Bank, Nashville,
Tenn
Juno 30, 1883
300, 000
1-41, 200
09, 830
41, 370
Indiana National Bank, Bedford, Ind ..
Aug. 25, 1883
35, 000
11,250
11, 250
None.
Stoek*on National Bank, Stockton. Cal..
Oct. 1, 1883
100, ooo
90, COO
71,830
18, 170
Wall Street National Bank, New York,
N. Y
Oct. 15, 1883
500, 000
102, 800
82, 244
20, 550
Commercial National Bank, Reading, Pa.
Oct. 23,1883
150, 000
135, 000
101, 130
33, 870
Corn Exchange National Bank, Chicago,
111.* ; ....
Nov. 10, 1883
700, 000
Fanners’ National Bank, Sullivan, Ind..
Dec. 24,1883
50; 000
45, 000
32, 710
12,290
City National Bank, La Salle, 111
J uii. 8, 1884
100, ooo
22, 500
12, 000
9, 840
Hunt Connty National Bank, Green-
villo, Tex
Jan. 22,1884
G8, 250
17, 300
10,070
7,230
Waldoboro’ National Bank, Wakloboro’,
Me
no, ooo
44 000
33, 158
10 842
Third National Bank, Nashville, Tenn..
Feb. 20, 1884
300, 000
167, GOO
128, 705
38, 835
Madison Connty National Bank, An-
derson, Ind
Mar. 25, 1884
50, 000
45, 000
35, 040
9,900
First National Bank, Phoenix, Ariz
Apr. 7, 1884
50, 000
11, 240
8, 230
3,010
Cobbosseo National Bank, Gardiner, Me.
Apr. 18,1884
150,000
90, 000
00, 092
23, 908
Mechanics’ and Traders’ National Bank,
New York, N. Y
Apr. 24, 1884
200, 000
85,400
G2, 400
23, 000
Princeton National Bank, Princeton, N. J
May 17, 1884
100, ooo
72, 500
58, 300
14, 200
Kcarsarge National Bank, Warner, N. H.
Juno 30, 1884
no, ooo
23, 580
19, 241
4, 345
Second National Bank, Lansing, Mich ..
July 31, 1884
no, ooo
40, 000
20, 949
13, 051
First National Bank, Ellensbnfg, Wash.
Aug. 9, 1884
50, 000
13, 500
9,050
4, 450
German National Bank, Millcrstown, Pa.
Aug. 12, 1884
50, 000
45, (100
27, 295
17, 705
Exchange National Bank, Cincinnati,
Aug. 27,1884
500, 000
78, 000
40, 120
31, 880
Ohio
First National Bank, Rnshville, 111
Sept. 30, 1884
75, 000
06, 500
38, 394
28, 100
Mechanics’ National Bank, Peoria, 111. ..
Oct. 4, 1884
100, ooo
72, 000
43, 418
28, 582
First, National Bank, Freeport, Pa
Oct. 10,1884
50, 000
44, 200
20, 030
17, 570
Genesee County National Bank, Batavia,
NY
Oct. 11.1884
50, 000
45, 000
32, 040
12, 3 GO
Valley National Bank, Red Oak, Iowa..
Oct. 20,1884
50, 000
22, 150
14, 000
8, 150
Merchants' National Bank, Bismarck,
Oct. 28,1884
73, 000
22, 500
12, 990
9,510
198 REPORT OF THE COMPTROLLER OF THE CURRENCY.
National Banks that have gone into Voluntary Liquidation under the Pro-
visions of Sections 5220 and 5221 of the Revised Statutes, etc.— Continued.
Name and location of bank.
Date of
liquidation.
Circulation.
Capital.
Issued.
Retired.
Outstand-
ing.
Manufacturers’ National Bank, Minne-
apolis, Minn
Nov. 1,1884
$300, 000
$45, 000
$23, 700
$21, 300
Farmers and Merchants’ National Bank,
Uhrichsville, Ohio
Nov. 10, 1884
50, 000
34, 000
20, 510
14, 090
Metropolitan National Bank, Now York,
NY
Nov. 18, 1S84
3, 000, 000
1,417, 000
966, 100
480. GOO
First National Bank, Grand Forks, Dak.
Dec. 2,1884
50, 000
19, 250
15, 080
4, 170
Iron National Bank, Gunnison. Colo
Dec. 8, 1884
50, 000
11,250
6, 860
4, o90
Freehold National Banking Company,
Freehold, N. J
Dec. 10,1884
no, ooo
93, 000
65, 360
27, 640
Alhia National Bank, Alhia, Iowa
Dec. 10. 18S4
50, 000
11, 240
7, 060
4, 180
First National Bank, Carlinvills, 111
Dec. 10,1884
50. 000
22, 450
16, 301
6, 149
Freeman’s National Bank, Augusta, Me.
Dec. 20,1884
100, 000
90, 000
58, 825
3L 175
First National Bank, Kokomo, Ind
Jau. 1, 1885
250. 000
45, OOO
28, 520
16, 480
First National Bank, Sabetha, Kans
Jan. 2,1885
50. 000
10,740
6, CIO
4, 130
First National Bank, Wyoming, 111
Jan. 13,1885
50, 000
11, 200
5.620
5, 580
First National Bank, Tarentum, Pa
Jau. 13,1885
50, 000
42, 500
24, 420
18, 080
First National Bank, Walnut, 111
Jan. 21,1885
60, 000
36, 000
19, 750
16, 250
Farmers’ National Bank, Franklin, Tenn.
Jau. 24,1885
50, 000
10, 740
6, 100
4; 640
Citizens’ National Bank, Sabetha, Kans.
Jan. 27,1885
50, 000
11,240
6, 470
4; 770
First National Bank, Tucson, Ariz
Jan. 35,1885
ioo, ooo
28; 100
20, 670
7, 430
Ripon National Bank. Ripon, Wis
Farmers’ National Bank, Franklin, Ohio.
Feb. 7, 1885
50, 000
16, 200
8, 115
8, 085
Apr. 1,1885
50, 000
• 27, 350
16, 540
10, 810
First National Bank. Prescott, Ariz
Apr. 9, 1885
50, 000
11, 250
6,000
5, 250
National Union Bank, Swanton, Vt
Apr. 28, 1885
50, 000
43, 800
25, 390
18, 410
German National Bank. Memphis, Tenn.
Merchants and Farmers’ National Bank,
Shakopee, Minn
May 0, 1885
175, 300
120. 100
67, 630
52; 470
May 12,1885
50, 000
10, 240
5, 160
5,080
First National Bank, Superior, Wis
May 10,1885
60, 000
18, 900
14, 540
4, 360
Shetucket National Bank, Norwich,
Conn
May 18, 1885
100, 000
72, 000
42, 732
29 268
Cumberland National Bank, Cumber-
land, R.I
Juno 5,1885
125, 000
106, 200
63, 759
42, 441
First National Bank, Columbia, Tenn ..
Union National Bank. New York, N. Y.
July 14, 1885
100, 000
66, 800
32, 647
34. 153
July 21, 1885
1, 200, 000
25. 100
9,742
15, 308
Manufacturers’ National Bank, Apple-
ton, Wis -
Oct. 10,1885
50, 000
45, 000
20, 673
24, 327
First National Bank, Plankinton, Dak..
Oct. 21,1885
50, 000
11,250
4, 560
6, 690
First National Bank, Centerville, Ind
Oct. 3, 1885
50, 000
27, 350
14, 250
13, 100
Valley National Bank, St. Louis, Mo
'Dec. 4, 1885
250, 000
44, 900
10, 740
28, 220
First National Bank, Bolton, Tex
Jan. 0,1880
50, 000
23,490
8, 920
14, 570
First National Bank, Granville, Ohio . .
Feb. 15.1880
50, 000
26, 500
10, 510
15, 990
Concordia National Bank, Concordia,
Kans
Mar. 12, 1886
50, 000
11, 240
4, 530
6, 710
Citizens’ National Bank, Beloit, Wis
Mar. 22, 1880
50, 000
11,240
4, 750
6, 490
First National Bank, Dayton, Wash ....
Mar. 24, 1880
50, 000
13,490
7, 820
5, 670
First National Bank, Macomb, 111
Apr. 14, 1886
100, 000
89, 520
30, 113
59, 407
First National Bank, Jesup, Iowa
Apr. 20, 1886
50, 000
25, 760
12, 280
13. 480
Dallas National Bank, Dallas, Tex
May 8,1886
150, 000
33, 750
9, 660
24, 090
First National Bank, Lewistown, 111 ..
May 12, 1886
50, 0OO
45, 000
13, 430
31, 570
First National Bank, Cedar Rapids,
Iowa
May 28, 1880
100, 000
35, 490
10, 538
24, 952
First National Bank, Socorro. N. Mex . .
July 31,1886
50, 000
15, 500
4, 320
11, ISO
Custer Comity National Bank, Broken
Aug. 9,1886
Sept. 16, 1886
no, ooo
50, 000
11,240
11 240
Roanoke National Bank, Roanoke, Va ..
11/250
3, 690
7, 560
First National Bank, Brownville, Nobr.
Sept. 16, 18S6
50, 000
39, 680
8, 739
30, 941
First National Bank, Leslie, Mich
Sept. 25, 1880
50, OUO
13,410
3, 980
9, 430
Mount Vernon National Bank, Mount
Vernon, 111
Oct. 11,1888
51,100
45, 000
10, 745
34, 255
National Bank, Piedmont, AV. Va
Oct. 14,1886
CO, ooo
45, 000
11,710
33, 200
First National Bank, Saint Clair, Mich .
Oct. 20,1886
50, 000
39, 310
10, 248
29, 062
First National Bank, Milford, Mich ...
Oct. 21,1886
50, 000
45, 000
8, 710
36, 290
National Bank, Kingwood, W. Va
Oct. 21,1886
125, 000
90, 140
20, 230
75, 910
Merchants’ National Bank, Lima, Ohio
Oct, 22,1886
50, 000
45, 000
9, 350
35, 650
Hubbard National Bank. Hubbard, Ohio.
Oct. 23,1880
50, 000
45, 000
10, 599
34, 401
Commercial National Bank, Marshall-
100, 000
500, 000
22 500
4, 200
30, 295
18, 300
132, 030
First National Bank, Indianapolis, Ind .
Nov. 11,1886
162i 325
First National Bank, Concord, Mich
Nov. 27, 1880
f>0, 000
11,250
2, 700
8, 550
Jamestown National Bank, Jamestown,
Dak
Nov. 29, 1880
50, 000
11,250
1,500
9, 750
First National Bank, Berea, Ohio
Dec. 1. 1886
50, 000
45, 000
9, 90!)
35, 091
First National Bank, Allerton, Iowa
Dec. 6,1880
50, 000
11,250
3, 380
7, 870
Second National Bank, Hillsdale, Mich.
Dec. 18, 1880
50, 000
13, 892
3, 228
10, 664
REPORT OF THE COMPTROLLER OF THE CURRENCY. 190
National Banks that have gone into Voluntary Liquidation under tiie Pro-
visions of Sections 52*20 and 5221 of the Revised Statutes, etc.— Continued.
Date of
liquidation.
Circulation.
Name and location of bank.
Capital.
Issued.
Retired.
Outstand-
ing.
Topton National Bank, Topton, Pa
Dec. 28, 1880
$50, 000
$18, 000
• $2,900
$15,040
l-'irst National Bank, Warsaw. Ill
Doc. 3lf 18£()
50, 000
28, 250
3, 470
34, 780
First National Bank. Hamburgh, Iowa..
Darlington National Bank, Darlington,
Dec. 31, 1880
50, 000
13, 500
3, 425
10, 075
S. C
Feb. 10, 1SS7
Feb. 14.1887
100, 000
500, 000
22, 500
5,940
49, 052,
1 (>, 5G0
Union National Bank, Cincinnati, Ohio .
237' 230
188, 178
Roberts National Bank, Titusville, Pa ..
Feb. 28, 1887
100, 000
75, CIO
12, 300
03, 310
National Bank. Rahway, N. .r
Mar. 0,1887
100, 000
42, 500
0,184
30,310
Olney National Bank, Olnoy. Ill
Metropolitan National Bank, Leaven-
Mar. 11, 1887
GO, COO
27, 000
4, 030
22, 370
worth. Nans
Ontario County National Bank, Cauan-
Mar. 15, 1887
100, 000
22, 500
2,590
19, 910
daigna, N. Y
Mar. 23, 1887
50, 000
11, 250
1, 100
10, 150
W insted N ational Bank. Wins ted, Conn
Council Blull's National Bank, Council
Apr. 12, 18«7
50, 000
11, 250
2, 120
9, 130
Bluffs, Iowa
May 5,1887
100, 000
22, 500
1' 130
21, 370
First National Bank, Homer, 111
Juno 22, 1887
50, 000
11, 250
5, 130
0, 120
First National Bank, Beloit, Wis
June 80, 1S87
50, 000
11, 250
1, 350
9, 900
Mystic National Bank, Mystic, Conu .. .
July 7, 1887
52, 450
47, 205
3,100
44, 039
Exchange National Bank, Louisiana, Mo.
July 12, 1887
50, 000
11,250
1, 130
10, 120
Exchange National Bank, Downs, Kaus.
Aug. 1, 1887
50, 000
11, 250
550
10, 700
Total -
Cl, 208, 700
37, 589, 8i7
33, 585, 367
4, 004, 480
\
200 REPORT OP TITE COMPTROLLER OP T1IE CURRENCY.
National Banks that have gone into voluntary liquidation under the pro-
visions of sections 5220 and 5221 of the Revised Statutes of the United
States, for the purpose of organizing new associations with the same or
different title, with date of liquidation, amount of capital, circulation
ISSUED, RETIRED, AND OUTSTANDING ON OCTOBER 31, 1887.
Date of
liquidation.
Circulation.
Name and location of bank.
Capital.
Issued.
Retired.
Outstand-
ing.
First National Bank, Rondout, N. Y
Oct. 30,1880
$300, 000
$270, 000
$240, 734
$29, 200
First National Bank, Huntington, Ind..
Jan. 31,1881
100, 000
90, 000
84, 711
5, 289
First National Bank, Indianapolis, Ind
July 5,1881
300, 000
279, 248
241,009
38, 239
First National Bank, Valparaiso Ind
Apr. 24, 1882
50, 000
45, 000
40. 947
4, 053
First National Bank, Stillwater, Minn..
Apr. 20, 1882
130, 000
83, 450
77, 980
5, 476
First National Bank, Chicago, 111
Apr. 20, 1882
1,000,000
90, 000
78, 708
11,292
First National Bank, Woodstock. Ill
Apr. 30, 1882
50, 000
45, 000
40, 810
4, 190
Second National Bank, Cincinnati, Ohio.
Apr. 28, 1882
200, 000
180, 000
151,090
28,310
Second Nat ional Bank, New York, N. Y.
Apr. 28, 1882
300, 000
370, 890
323, 070
53, 220
First National Bank, Portsmouth, N. II.
Apr. 20, 1882
300, 000
280, 000
249,810
30, 184
First National Bank, Richmond, Ind
May 5,1882
200, 000
87, 400
72, 182
15, 218
Second National Bank, Cleveland, Ohio.
May 0,1882
1 , 000, 000
510, 800
425, 445
85, 355
First National Bank, New Haven, Conn.
May 0, 1882
500, 000
355,310
313, 700
41,550
First National Bank, Akron, Ohio
May 2, 1882
100,000
1 14, 822
93, 733
21, 089
F'irst National Bank Worcester, Mass. ..
May 4, 1882
300, 000
252, 000
225, 083
20,917
First National Bank, Barre, Mass
May 9, 1882
150,000
135, 000
110,215
18, 785
First National Bank, Davenport, Iowa..
May 9, 1882
100, 000
45, 000
30, 830
8, 170
First National Bank, Kendall ville, Ind..
May 12, 1882
150, 000
90, 000
77, 340
12,054
First National Bank, Cleveland, Ohio ..
May 13, 1882
300, 000
200, 402
220, 875
45, 587
First National Bank, Youngst own, Ohio
May 15, 1882
500, 000
441, 529
388, 005
52, 804
First National Bank, Evansville, Ind . . .
May 15,1882
500, 000
442, 870
370, 040
60, 830
First National Bank, Salem, Ohio
May 15,1882
50, 000
1 10, 540
93, 780
10, 700
First National Bank, Scranton, I'a
May 18, 1882
200, 000
45, 000
35,710
9, 290
First National Bank, Centreville, Ind. ..
May 18, 1882
50, 000
04, 525
57, 271
7, 254
First National Bank, Fort Wayne, Ind..
May 22, 1882
300, 000
45, 000
35, 339
9, 601
First National Bank, Straslrargli, Pa ...
May 22, 1882
100, 000
79, 200
08, 029
10, 573
First National Bank, Mariotta, Pa
May 27, 1882
ioo, ooo
99, 000
83, 085
15,915
First National Bank, La Fayette, Ind . . .
First National Bank, McConnelsville,
May 31, 1882
150, 000
175, 000
154,378
20, 082
Ohio
May 31,1882
50, 000
84, 040
71, 590
13, 044
First National Bank, Milwaukee, Wis ..
May 31, 1882
200, 000
229, 170
194, 032
34, 538
Second National Bank, Akron, Ohio
May 31, 1882
100, 000
102, 700
80, 040
16. GOO
First National Bank, Ann Arbor, Mich.
June 1, 1882
100, 000
85, 078
74, 092
10, 980
First National Bank, Genova, Ohio
June 1, 1882
100, 000
90, 000
73, 950
10,050
First National Bank, Oberlin, Ohio . —
Juno 1, 1882
50, OOO
58, 382
48, 090
9, 692
First National Bank Philadelphia, Pa...
Juno 10, 1882
1, ooo, ooo
799, 800
057, 750
142. 050
First National Bank, Troy, Ohio.
June 10, 1882
200, ooo
1 80, 000
153, 090
26, 310
Third National Bank, Cincinnati, Ohio .
First National Bank, Cambridge City,
June 14, 1882
800, ooo
009, 500
506, 720
102, 780
Ind
June 15, 1882
50, 000
45, 000
30, 038
8, 302
First National Bank, Lyons, Iowa
June 15, 1882
100, ooo
90, 000
70, 477
It), 523
First National Bank, Detroit, Mich
June 17, 1882
500, 000
330, 345
295, 378
40, 907
First National Bank, Wilkes Barre, Pa
June 20, 1882
375, 000
337, GOO
285, 385
52,115
First National Bank, Iowa City, Iowa ..
First National Bank, Nashua, N. II
Juno 24, 1882
100, 000
88, 400
77, 390
11,010
12, 452
J tine 24, 1882
ioo, ooo
90, 000
77, 548
First National Bank, Johnstown, Pa
.1 une 24, 1882
GO, 000
54, 000
45, 345
8, 655
First National Bank, Pittsburgh, Pa —
Juno 29, 1882
750, 000
594, 000
492, 440
101,500
First National Bank, Terre Haute, Ind .
.1 une 29, 1882
200, 000
141,575
118,208
23, 307
FirstNational Bauk,IIollidavsburgh, Pa.
June 30, 1882
50, 000
45, 000
40, 005
4, 935
First National Bank, Bath, Mo
June 30, 1882
200, 000
180,000
155, 232
24, 708
FirstNational Bank, Janesville, AVIs...
Juno 30, 1882
125, 000
121,050
102, 100
18,950
First National Bank, Michigan City, I ml.
Juno 30, 1882
100, 000
45, 000
42, 838
2, 102
FirstNational Bank, Monmouth, 111
July 3,1882
July 11,1882
75, 000
45, 000
41,584
3,410
FirstNational Bank, Marion, Iowa
50, 000
45, 000
40, 834
4, 100
First National Bank, Marlborough, Mass
Aug. 3,1882
200, 000
180, 000
156, 971
23, 029
National Bank of Stanford, Ky
Oct. 3, 1882
150,000
135, 000
117, 891
17. 109
First National Bank, Sandusky, Ohio...
Oct. 0,1882
150, 000
90, 000
73, 021
10, 979
First National Bank, Sandy Hill, N. Y..
Dec. 31, 1882
50, 000
45, 000
37, 888
7,112
First Nat ional Bank, Lawronceburgh. Ind
Feb. 24,1883
100, ooo
90, 000
77, 585
12,415
First National Bank, Cambridge, Ohio..
Feb. 21,1883
100, 0(10
80, 800
05, 595
15, 205
FirstNational Bank, Oshkosh, Wis
Feb. 24, 1883
100,000
47, 800
42, 840
4, 900
First National Bank, Grand Rapids,
Mich
Fob. 24, 1883
400, 000
155, 900
141,300
14,540
First National Bank, Delphos, Ohio
Fob. 24,1883
50, 000
45, 000
39, 479
5, 521
First National Bank, Freeport., Ill
Feb. 24, 1883
100, ooo
53, 500
48, 049
4, 851
FirstNational Bank, Elyria, Ohio
Feb. 24,1883
100,000
90, 000
75, 004
14, 990
First National Bank, Troy, N. Y
Fob. 24, 1883
300, 000
229, 550
198, 400
31, 150
Second National Bank, Detroit, Mich ...
Fob. 21,1883
1, ooo, ooo
303, 700
297, 2G2
GO, 4oH
Second National Bank. Peoria, 111
National Fort Plain Bank, Fort Plain.
Feb. 24, 1883
100,000
90, 000
05, 385
24,615
N. Y
Feb. 24, 1883
200, 000
174, 300
145,621
28, 079
REPORT OF THE COMPTROLLER OF THE CURRENCY. 201
National Ranks that have gone into voluntary liquidation’ under the pro-
visions of sections f>220 and 5221 of the Revised Statutes, etc. — Continued.
Name and location of bank.
Ditto of
Capital.
Circulation.
liquidation.
Issued.
Retired.
Outstand-
ing.
T.ogansport National Bank, Logansport,
Ind
Doc. 1, 188.1
$100, 000
$16, 850
$12,810
$4, 040
National Bank of Birtningliam, Ala
May 11, 1881
50, 000
45, 000
33, 032
11,008
First National Bank, Westfield, N. Y...
First National Bank, Independence,
Iowa
June 1,1884
50, 000
42, 800
29, 345
13,455
Oct. 31,1884
100,000
90, 000
59, 150
30, 850
First National Bank, Sturgis, Midi
Dec. 31.1884
50, TOO
43, 850
29, 629
14,221
National Bank of Rutland. Vt
.Tan. 13, 1885
500, 000
238, 700
150,953
78, 747
Kent National Bank, Chestertown, Md..
Feb. 13, 1885
50, 000
20, 450
22,430
7, 020
National Fulton County Bank, Glovers-
ville. N. Y
Fob. 20, 1885
150, 000
135, 000
87, 171
47, 829
First National Bank. Centralia, 111
Feb. 25,1885
80, 000
70, 600
38, 900
31,700
National Exchange Bank, Albion, Mich
Feb. 28, 1885
75, 000
30, 600
17, 053
13,547
First National Bank, Baris, Mo
Mar. 31, 1885
100, ooo
89, 155
46, 850
42, 305
First National Bank, Yakima, Wash. ..
.Tune 20, 1885
50, 000
14,650
7, 600
6, 090
First National Bank, Flint, Mich
June 30, 1885
2U0, 000
122, 500
67, 049
55,451
Total
17, 570, 000
12,441,963
10, 387, 944
2, 054, 019
202 REPORT OF THE COMPTROLLER OF THE CURRENCY
Names op Banks in Liquidation under Section 7, Act July 12, 1882, with date
of Expiration of Charter, Circulation Issued, Retired, and Outstanding
October 31, 1887.
Name and location of bank.
Date of
liquidation.
Capital.
Circulation.
Issued.
Retired.
Out-
standing.
First National Bank, Pontiac, Mich
Dec. 31, 1881
$50, 000
$88, 890
$75, 225
$13, 605
First National Bank, Washington. Iowa.
Apr. 11, 1882
100, 000
88, 565
76, 124
12, 441
First National Bank, Fremont, Ohio
May 22,- 1882
100, 000
90, 000
75,311
14, 689
Second National Bank, Dayton, Obio...
May 20. 1882
300, 000
262, 941
217, 035
45, 906
First National Bank, Girard, Pa
June 1, 1882
100, 000
90, 000
78, 205
11,795
First National Bank, Xenia, Ohio
Feb. 24, 1883
120, 000
108, 000
87, 130
20, 870
First National Bank, Peru, 111
Feb. 24. 1883
100, 000
45, 000
34, 744
10,256
First National Bank, Elmira, N. Y
Feb. 24, 1888
100, 000
00, 000
75, 120
14, 880
First National Bank, Chittenango, N. Y.
Feb. 24, 1883
150, 000
135, 000
122, 125
12, 875
First National Bank, Eaton, Ohio
July 4, 1884
50, 000
44, 300
28, 280
16, 020
First National Bank, Leominster, Mass.
July 5, 1884
300, 000
244, 400
180, 560
63, 840
First National Bank, Winona, Minn
July 21, 1884
50, 000
44, 200
31,744
12, 456
American National Bank, Hallowed, Mo.
Sept. 10, 1884
75, 000
67, 500
47, 745
19, 755
First National Bank, Attica, Ind
Citizens’ National Bank, Indianapolis,
Oct. 28, 1884
56. 000
50, 400
36, 495
13, 905
Ind
Nov. 11, 1884
300, 000
87, 800
54, 641
33,159
First National Bank, North East, Pa. . .
Dec. 23, 1884
50. 000
24, 550
16, 117
8, 433
First National Bank, Galva, 111
Jan. 2, 1885
50, 000
36, 000
22, 954
13, 046
First National Bank, Thorntown, Ind...
Jan. 13, 1885
50, 000
43, 740
26, 470
17, 270
Muncio National Bank, Muncie, Ind. . . .
Merchants’ National Bank, Evansville,
Jan. 28, 1885
200, 000
161, 000
94, 472
■ 00, 528
Ind
Feb. 0, 1S85
250, 000
90, 800
55, 501
35, 299
Saybrook National Bank, Essex, Conn..
Fob. 20, 1885
100, 000
61, 200
41, 870
19, 330
Union National Bank, Albany, N. Y
Battenkill National Bank, Manchester,
Mar. 7, 1S85
250, 000
144, 400
102, 172
42, 228
Yt
Mar. 21, 1885
75, 000
57, 700
35, 898
21, 802
First National Bank, Owosso, Mich
Apr. 14, 1885
60, 000
47, 700
29, 129
18, 571
Coventry National Bank, Anthony, 11. 1.
Apr. 17, 1885
100, 000
89, 000
55, 555
33, 445
State National Bank, Keokuk, Iowa
Tolland County National Bank, Tolland,
May 23, 1885
150, 000
45, 000
21, 780
23, 220
Conn
Juno 6. 1885
100, 000
44,100
25, 281
18,819
City National Bank. Hartford, Conn
Juno 9, 1885
550, 000
90, 000
54, 367
35, 633
West River National Bank. Jamaica, Yt.
Aug. 17, 1885
60, 000
54, 000
29, 858
24, 142
National Bank, Lebanon, Tenn
Aug. 30, 1886
50, 000
24, 550
5, 820
18, 730
Total
4, 046, 000
2, 550, 736
1, 837, 728
713, 008
EPORT OF THE COMPTROLLER OF THE CURRENCY. 203
Names ok Banks in Liquidation under Section 7, Act July 12, 1882, with
Date of Expiration of Charter, Circulation Issued, Retired, and Out-
standing, Succeeded hy Associations with the Same or Different Title,
October 31, 1887.
Name and location of bank.
Dato of
Capital.
Circulation.
liquidation.
Issued.
Retired.
Out s
iug.
First National Bank, Kittauning, Pa —
National Bank of Beavor County, New
July 2,1882
$200, 000
$199, 500
$167, 550
$31,950
Brighton, Pa
Nov. 12, 1884
200, 000
97, 300
61,263
36. 047
National Bank, Beavor Dam, Wis
Merchants’ National Bank, Cleveland,
Doc. 24, 1884
50, 000
41, 100
27, 199
13, 901
Ohio
Deo. 27, 1884
800, 000
228, 100
144, 323
83, 777
Union National Bank, Chicago, 111
Dec. 29, 18,-4
1, 000, 000
62, 800
32, 610
30, 190
First National Bank, Lo Jloy, N. Y
Evansville National Bank, Evansvillo,
Jan. 2, 1885
150, U00
135, 000
80, 274
45, 726
Ind
National Albany Exchange Bank, Al-
Jan. 0,1883
870, 000
513, 030
321, 669
221, 381
bany, N. Y
Jan. 10,1885
1100, 000
243, 900
162, 910
80, 990
National Bank, Galena, 111
Jan. 11, 1880
100, 000
55, 900
31, 200
24, 709
National State Bank, Lafayette, Ind...
Jan. 10,1885
20®, 000
615, 000
562, 455
52, 545
First National Bank, Knoxville, 111
Jan. 10, 1885
00, 0C0
4 S, GOO
25, 621
17, 979
Farmers’ National Bank, ltipley, Ohio...
City National Bank, Grand Rapids,
Jan. 17,1885
100, 000
. 87, 400
419, 920
37, 480
Mich
Jan. 21, 1885
E00, 000
45, 000
31, 670
13, 330
Leo County National Bank, Dixon, 111...
Fort Wayne National Bank, Fort Wayne,
Jan. 21,1885
100, 000
41, 500
27, 671
13, 829
Ind
Jan. 25.18S5
350, 000
257, 300
145, 346
111, 954
National Exchange Bank, Tiffin, Ohio. . .
Mar. 1,1885
125, 000
50, 500
28, 503
21, 997
National Bank, Malone, N. Y
Jefferson National Bank, Steubenville,
Mar. 9, 1885
200, 000
65, COO
40, 404
25, 496
Ohio - •
Mar. 21, 1885
150, 000
132, 600
71, 162
61, 438
First National Bank, Battle Creek. Mich
Mar. 28, 1885
100, 000
89, 200
43, 690
45, 510
Central National Bank, Danville, Ky
Knox Couutv National Bank, Mount
Mar. 28, 1885
200, 000
180, 000
96, 032
83, 908
Vernon. Ohio
Apr. 1,1885
75, 000
53, 200
29, 161
24, 039
First National Bank. Houghton, Mich. ..
Apr. 18,1885
100, 000
45, 000
25, 260
19, 740
National Bank, Fort Edward, N. Y
Apr. 22, 1885
100, 000
88, 900
56, 705
32, 195
National Bank, Salem, N. Y
National Exchange Bank, Seneca Falls,
May 4, 1885
100, 000
86, 100
51, 135
34, 905
N. Y
May G, 1885
100, 000
88, 400
53, 352
35, 048
Trumbull National Bank, Warren, Ohio.
Attleborough National Bank, North At-
July 5. 1885
150, 000
132, 400
57, 780
74, 620
tleborough, Mass
July 17, 1885
100, 000
84, 300
46, 965
37, 335
American National Bank. Detroit, Mich
July 24, 1885
400, 000
251, 500
123, 330
128, 170
First National Bank, Paris, 151
Aug. 12, 1885
125, 000
111, 500
49, 070
62, 430
First National Bank, Saint John, Mich..
Aug. 14, 1885
50, 000
21, 000
10, 490
10, 510
Second National Bank, Pontiac, Mich...
Raleigh National Bank of North Caro-
Sept. 1,1885
100, 000
43, 000
23, 397
19, 603
lina, Raleigh, N. C
Sept. 5,1885
400, 000
123, 900
62, 417
61, 483
First National Bank, Danville, Ky
Sept. 22,1885
150, 000
130, 500
59, 089
71, 411
Total
7, 535, 000
4, 474, 350
2, 808, 613
1, G65, 737
204 REPORT OF THE COMPTROLLER OF THE CURRENCY
National Banks that have been placed in the Hands oe Receivers, To-
gether with Their Capital, Circulation Issued, Lawful Money Deposited
with the Treasurer to redeem Circulation, the Amount Redeemed, and
the Amount Outstanding on October 31, 1887.
Capital
Lawful
money de-
posited.
Circulation.
stock.
Issued.
Redeemed.
Outstand-
ing.
First, National Bank, Attica, N. Y
$50, 000
$14, 000
$44, 000
$43, 752
$248
Venango National Bank, Franklin, Pa
Merchants’ National Bank, Washington,
BOO, 000
85, 000
85, 000
84, 754
240
i). (J
200, 000
180, 000
180, 000
170, 204
700
First National Bank, Medina, N. Y
50, 000
40, 000
40, 0t0
39, 752
248
Tennessee National Bank, Memphis, Tenn .
100, 000
90, 000
90, 000
89, 079
321
First National Bank, Selma, Ala
100, 000
85, 000
85, OliO
84, 557
443
First National Bank, Now Orleans, La
500, 000
180,000
180,000
178, 740
1,254
National UnadillaBank, Uuadilla, N. Y. . .
Farmers and Citizens’ National Bank,
120, 000
100, 000
100, 000
99, 770
'230
Brooklyn, N. Y
300, 000
253, COO
253, 900
252, 530
1,370
Croton National Bank, Now York, N. Y...
200, 000
180, 000
20, 300
180,000
179,610
384
First National Bank. Bethel, Conn
00, 000
20, 300
20, 095
205
First National Bank, Keokuk, Iowa
too, ooo
90, 000
90, 000
89, 004
390
National Bank of Vicksburg, Miss
50, 000
25, 500
25, 500
25, 429
71
First National Bank, Rockford, 111
First National Bank of Nevada, Austin,
50, 000
45, 000
45, 000
44, 688
312
N ov
250, 000
129, 700
129, 700
128, G02
1,098
Ocean National Bank, New York, N. Y
Union Square National Bank, New York,
1,000, 000
800, 000
800, 000
791, 537
8, 403
NY
200, 000
50, 000
50, 000
49, 077
323
Eighth National Bank, New York, N. Y ..
250, 000
243, 393
243, 393
240, 058
2, 735
Fourth National Bank, Philadelphia, Pa ..
200, 000
179, 000
179, 000
177,415
L585
Waverly National Bank, Waverly, N. V . .
100, 100
71,000
71,000
70,012
988
First National Bank, Fort Smith, Ark
50, 000
45, 000
45, 000
44, 475
525
Scandinavian National Bank, Chicago, 111.
250, 000
135, 000
135, 000
134,471
529
Walkill National Bank, Middletown, N. Y.
Crescent City National Bank, New Or-
175, 000
118,900
118, 900
117, 420
1,474
leans, La
500, 000
450, 000
450, 000
440, 540
3,400
Atlantic National Bank, Now York, N. Y..
300, 000
100, 000
loo, ooo
98, 009
1,391
First National Bank, Washington, D. C ...
Naiional Bank of Commonwealth, Now
500, 000
450, 000
450, 000
440, 509
9; 431
York, N. Y
750, 000
234, 000
234, 000
230, 105
3, 895
Merchants’ National Bank, Petersburg, Va
400, 000
300, 000
300, 000
354, 385
5,615
First National Bank, Petersburg, Va
200, 000
179, 200
179,200
175,830
3, 370
First National Bank, Mansfield, Ohio
New Orleans National Banking Associa-
100, 000
90, 000
90, 000
88, 446
1, 554
lion, New Orleans, La
000, 000
300, 000
300, 000
354, 000
0, 000
First National Bank, Carlisle, 1’a
50, 000
45, 000
45, 000
44,235
705
First National Bank, Anderson, Ind
50, 0U0
45, 000
45, 000
44, 045
955
First National Bank, Topeka, Kans
100, 000
90, 000
90, 000
88, 531
1,409
First National Bank, Norfolk, Va
Gibson County National Bank, Princeton,
100, 000
95, 000
95, 000
93, 100
1,900
Ind
First National Bank of Utah, Salt Lake
50, 000
43, 800
43, 800
43,315
485
City, Utah.
Cook County National Bank, Chicago, 111
150, 000
118,191
118, 191
110.439
1,752
500, 000
285, 100
285, 100
281, 733
3, 307
First National Bank, Tiffin, Ohio
Charlottesville National Bank, Charlottes-
100, 000
45, 000
45, 000
43, 063
1,337
ville, Va
200, 000
146, 585
146, 585
143, 215
3, 370
Miners’ National Bank, Georgetown, Colo.
150, 000
45, 000
45, 000
44, 370
030
Fourth National Bank, Chicago, 111
200, 000
85, 700
85, 700
81,948
3, 752
First National Bank, Bedford, Iowa
First National Bank, Osceola, Iowa
30, 000
27, 000
27, 000
25,910
1,090
50, 000
45, 000
45, 000
44, 201
799
First National Bank, Duluth, Minn
100, 000
45, 000
45, 000
44, 132
868
First National Bank, LaCrosse, Wis
50, 000
45, 000
45, 000
43, 898
1,102
City National Bank, Chicago, 111
250, 000
137, 209
137,209
132, 091
4, 518
Watkins National Bank, Watkins, N. Y ..
75, 000
07, 500
07, 500
04,992
2, 508
First National Bank, Wichita, Kans
00, 000
43, 200
43, 200
42, 344
850
First National Bank, Greenfield, Ohio
50, 000
29, 002
29, 602
28, 350
1, 300
National Bank of Fishkill, N. Y
200, 000
177, 200
177,200
171,049
0, 151
First National Bank, Franklin, Ind
Northumberland County National Bank,
132, 000
92, 092
92, 092
87, 942
4, 150
Shamokin, Pa
07, 000
CO, 300
00, 300
57, 930
2, 370
First National Bank, Winchester, 111
National Exchange Bank, Minneapolis,
50, 000
45, 000
45, 000
43, 602
1,498
Minn
National Bank of State of Missouri, Saint
100, 000
90, 000
90, 000
85, 175
4, 825
Louis, Mo
First National Bank, Delphi, Ind
2, 500, 000
1,093,060
1 , 093, 000
1,005,171
28,489
50, 000
45, 000
45, 000
43,010
1 , 800
First National Bank, Georgetown, Colo ...
Lock Haven National Bank, Lock Haven
75, 000
45, 000
45, 000
43,405
1,595
Pa
120,000
71,200
71,200
00, 983
4,217
Third National Bank, Chicago, 111
Central National Bank, Chicago, 111
750, 000
597, 840
597, 840
549, 071
48, 709
200, 000
45, 000
45, 000
43, 108
1,832
REPORT OF THE COMPTROLLER OF THE CURRENCY. 205
National Banks that
IIAVH BEEN PLACED IN THE HANDS OF RECEIVERS, ETC. —
Continued.
Name and location of bank.
First National Bank. Kansas City, Mo —
Commercial National Bank, Kansas City,
Mo
First. National Bank, Ashland, Pa
First National Bank, Tarrytown, N. Y ...
First National Bank, Allentown, Pa
First National Bank, Waynesburg, Pa ..
Washington County National Bank,
Greenwich, N. Y
First National Bank, Dallas, Tex
People's National Bank, Helena, Mont
First National Bank, Bozeman, Mont
Merchants’ National Bank, Fort Scott,
Kans
Farmers’ National Bank, Platte City, Mo..
First National Bank, Warrensburg, Mo...
German American National Bank, Wash-
ington, D. C -
German National Bank, Chicago, 111
Commercial National Bank, Saratoga
Springs, N. Y
Second National Bank, Scranton, Pa
National Bank of Poultney, Vt
First National Bank, Monticello, Ind
First National Bank, Butler, Pa
First National Bank, Meadville, Pa
First National Bank, Newark, N. J
First National Bank, Brattloboro', Vt
Mechanics’ National Bank, Newark, N. J.
First National Bank, Buffalo, N. Y
Pacific National Bank, Boston, Mass
First National Bank, Union Mills, Pa
Veimont National Bank, Saint Albans, Vt.
First National Bank, Leadvillo, Colo
City National Bank, I.awrenceburg, Ind ..
First National Bank, Saint Albans, Vt
First National Bank, Monmouth, 111
Marino National Bank, New York, N. Y..
Hot Springs National Bank, Hot Springs,
Ark
Kiohmond National Bank, Kielimond, Ind.
First National Bank, Livingston, Mout
First National Bank, Albion, N. Y
First National Bank. Jamestown, Dak
Logan National Bank, West Liberty, Ohio
Middletown National Bank, Middletown,
N. Y
Farmers’ National Bank, Buslinell, III
Schoharie County National Bank, Scho-
harie, N. Y
Exchange National Bank, Norfolk, Va
First National Bank, Lake City, Minu
Lancaster National Bank, Clinton, Mass..
First National Bank, Sioux Falls, Dak
First National Bank, Wahpeton, Dak
First National Bank, Angelica, N. Y
City National Bank, Williamsport, Pa
Aldington National Bank, Abington, Mass*
First Nat ional Bank, Blair, Nebr
First National Bank, Pine Bluff, Ark
I’alatka National Bank, Palatka, Fla
Fidelity National Bank, Cincinnati, Ohio..
Henrietta National Bank, Henrietta, Tex.
National Bank, Sumter, S. C
First National Bank, Dansvillo, N. Y
First National Bank, Corry, Pa
Stafford National Bank, Stafford Springs,
Conn
Total
Capital
stock.
Lawful
money de-
posited.
Circulation.
Issued.
liedeemed.
Outstand-
ing.
$500, 000
$44, 940
$14, 940
$39, 970
$4, 970
100, 000
44, 500
44, 500
41,968
2, 532
112, 5U0
75, 554
75, 554
09, 089
6,465
100, 000
89, 200
89, 200
84,234
4, 966
250, 000
78, 641
78, 641
72, 900
5, 075
100, 000
69, 345
69, 345
<i8, 285
1,060
200, 000
114, 220
114, 220
108,577
5, 643
50, 000
29, 800
29, 800
28, 895
905
100, 000
89, 300
89, 300
85, 681
3, 619
50, 000
44, 400
44, 400
43, 205
1,195
50, 000
35, 328
35, 328
34, 031
1,297
50, 000
27, 000
27, 000
20, 200
740
100, 000
45, 000
45, 000
43, 488
1,512
130,003
02, 500
62, 500
01,470
1,030
500, 000
42, 795
42, 795
35, 700
7, 095
100,000
86, 900
86, 900
83, 334
3, 566
200, 000
91,465
91,465
83, 513
7, 952
100, 000
90, 000
99, 000
85, 087
4,313
50, 000
27, 000
27, 000
25, 910
1,090
50, 000
71,165
71,165
52, 505
18, 600
100, 000
89, 500
89, 500
80, G67
8, 833
300, 000
320, 643
320, G43
299, 577
27, 006
300, 000
90, 000
90, 000
77, 033
12, 907
500, 000
450, 000
450, 000
391,143
58, 857
100, 000
99, 500
99, 500
88, 265
11,235
001,300
450, 000
450, 000
420, 452
23, 548
50, 000
43, 000
43, 000
37, 480
5, 520
200, 000
65, 200
65, 200
52, 333
12, 867
60, 000
53, 000
53, 000
42, 955
10, 045
100, 000
77, 000
77, 000
54, 200
22, 800
100, 000
89, 980
89, 980
GO, 428
23, 552
75, 000
27, 000
27, 000
15,770
11, 230
400, 000
260, 100
2G0, 100
207, 676
52, 424
50, 000
40, 850
40, 850
21,870
18, 980
250, 000
158, 900
158, 900
105,641
53, 259
50, 000
11,240
11,240
7, 345
3, 895
100, 000
90, 000
90, 000
62, 356
27, 644
50, 000
18, 650
18, 650
14, 027
4, 623
50, 000
23, 400
23, 400
13, 450
9, 950
200, 000
149, 000
176, 000
123, 786
52,214
50, 000
44, 000
44, 000
28, 211
15, 789
50, 000
38, 350
38, 350
22, 430
15, 920
300, 000
228, 200
228, 200
137, 688
90,512
50, 000
44, 420
44, 420
17, 577
20, 843
100, 000
72, 360
72, 360
39, 430
41,9.30
50, 000
10, 740
11,250
4,815
6, 435
50, 000
8, 120
17,120
6, 205
10,915
100, 000
89, 000
89, 000
32, 126
56, 874
100, 000
43, 140
43, 140
15, 050
28, 090
150, 000
108, 870
131, 370
47, 925
83, 445
50, 000
26, 180
26,180
6, 350
19, 830
50, 000
15, 030
26, 280
7, 305
18,975
50, 000
19,210
19,210
1,595
17, 615
1, 000, 000
10, 000
90, 000
2, 235
87, 705
50, 000
11, 250
11, 250
50| 000
ll| 250
ll| 250
50; 000
4, 480
ll| 250
ll| 250
100, 000
29, 379
44, 450
44, 450
200, 000
94,048
94, 048
94, 048
24, 058, 900
14, 623, 675
14 818, 276
13, 392, 311
1, 425, 905
206 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Insolvent National Banks, with Number op Bank, Date of Appointment of
Receivers, Amount op Capital Stock and Claims Proved, and Rate op
Dividends Paid to Creditors.
No. of
bank.
Name and location of bank.
Receiver ap-
pointed.
Capital
stock.
Proved
claims.
Divi-
dends
paid.
Remarks.
Pr. ct.
109
First National' Bank of Attica,
Apr. 14, 18G5
$50, 000
$122, 089
58
Finally closed.
N. Y.
1170
Von an »o National Bank of
May 1, 1800
500, 000
434, 531
23. 37
Do.
Franklin, Pa.
027
Merchants’ National Bank of
May 8, 1SGG
200, 000
609, 513
24.7
Do.
Washington, D. C.
220
First National Bank of Medina,
Mar. 13, 1807
50, 000
82, 338
39.15
Do.
N. Y.
1225
Tennessee National Bank of
Memphis, Tenn.
First National Bank of Selma,
Mai. 21, 1807
100, 000
376, 932
17*
Do.
1537
Apr. 30,1867
100, 000
289, 467
40.0
Do.
Ala.
102
First National Bank of Now Or-
May 20, 1867
500, 000
1,119,313
79
Do.
leans, La.
1463
National Unadilla Bank, Una-
Aug. 20,1867
120, 000
127. 801
45.9
Do.
dilla, N. Y.
1223
Fanners and Citizens’ National
Bank of Brooklyn, N. Y.
Croton National Bank of New
Sept. 6, 1867
303, 000
1,191,500
90
Do.
1550
Oct. 1, 1867
200, 090
170, 752
S8.5
Do.
York, N. Y.
1141
First National Bank of Bethel,
Feb. 28, ISOS
CO, 003
68, 9S6
100
Do.
Conn.
80
First National Bank of Keokuk,
Mar. 3, ISOS
100, 000
205, 256
68*
Do.
Iowa.
803
National Bank of [Vicksburg,
Apr. 24, 1S68
50, 000
33, 562
49.2
Do.
Miss.
420
First National Bank of Bock-
Mar. 15, 1809
50, 000
69, S74
41.9
Do.
ford. 111.
1331
First National Bank of Nevada,
Oct. 14,1869
250, 000
170, 012
92.7
Do.
Austin, Ncv.
1232
Ocean National Bank of New
Dec. 13, 1871
1, 000, 000
1,28’, 254
100
Finally closed ;
York, N. Y.
40 per cent, of
interest paid.
1091
Union Square National Bank of
Deo. 15, 1871
200, 000
157, 120
100
Finally closed ;
New York, N. Y.
10 per cent,
paid to stock-
holders.
Eighth National Bank of New
Dec. 15, 1871
250, 000
378, 772
100
Finally closed.
York, N. Yr.
280
Fourth National Bank of Phils-
Dec. 20, 1871
200,000
645, 558
100
Do.
delphia, Pa.
1192
Wavorly National Bank of Wav-
Apr. 23, 1872
106, ICO
79, 864
100
Finally closed;
erly, N. Yr.
32.5 per cent.
paid to stock-
holders.
1G31
First National Bank of Fort
May 2,1872
50, 000
15, 142
100
Finally closed ;
Smith, Ark.
13 per cent,
paid to stock-
holders,
1978
Scandinavian National Bank of
Dee. 12; 1872
250, 000
249, 174
57. 4(5
Finally closed.
Chicago, 111.
1473
Wallkill National Bank of Mid-
Dec. 31,1872
175, 000
171,468
100
Finally closed;
dletown, N. Y.
Mar. 18, 1873
30 per cent, of
interest paid.
1937
Crescent City National Bank of
500, 000
657, 020
84.83
Finally closed.
New Orleans, La.
1388
Atlantic National Bank of New
Apr. 28, 1873
300, 000
574, 513
100
Finally closed ;
York, N. Yr.
50 per cent, of
interest paid.
20
First National Bank of Wash-
Sept. 19, 1873
500, 000
1, 019, 905
100
Finally closod.
iugton, 11. C.
1372
National Bank of the Common-
Sept. 22, 1873
750, 000
790, 995
100
Finally closed ;
wealth, Now York, N. Y".
35. 8 per cent,
paid to stock-
holders.
1548
Merchants’ National Bank of
Sept. 25, 1873
400, 000
992, 030
34
Finally closed.
Petersburg!), Va.
1378
First National Bank of Peters-
burg!), Va.
First National Bank of Mans-
Sept. 25, 1873
200, 000
107,285
7G
Do.
430
(let. 18, 1873
100, 000
175,008
57. 5
Do.
field, Ohio.
1825
New Orleans National Banking
Oct. 23,1873
600, 000
1, 429, 695
02
Do.
Association, New Orleans, La.
21
First National Bank of Carlisle,
Oct, 24,1873
50, 000
07, 292
73.5
Do.
Pa.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 207
insolvent National Banks, with Number of Bank, Date of Appointment of
Receivers, etc . — Continued.
No. of
bank.
Name anil locat ion of bank.
Receiver ap-
pointed.
Capital
stock.
Proved
claims.
Divi-
dends
paid.
Remarks.
Pr. ct.
•it
First National Bank of Ander-
Nov. 23, 1873
$50, 000
$143, 7C5
39.5
Finally closed.
son, Ind.
100, 000
10C0
First National Bank of Topeka,
Dec. 16, 1873
55, 372
58.3
Do.
Ivans.
100, 000
271
First National Bank of N orfolk,
June 3, 3874
176, 330
57.5
Do.
Va.
2066
Gibson County National Bank
Nov. 2S, 1874
50, 000
62, 640
100
Do.
1695
of Princeton, Ind.
First National Bank of Utah,
Doc. 10, 1874
150, 000
93, 021
24. 391
Do.
Salt Lake City, Utah.
1845
Cook County National Bank of
Feb. 1,1875
500, 000
1,795, 992
14. 941
Do.
Chicago, 111.
900
First National Bank of Tiffin,
Oct. 22, 1875
100, 000
237, 824
60
Do.
1468
Ohio.
Charlottesville National Bank
Oct 28,1875
200, 000
370, 756
62. 50
Do.
of Charlottesville, Va.
Miners’ National Bank of
Jan. 24,1876
150, 000
177, 512
70.5
Do.
2199
Georgtown, Colo.
276
Fourth National Bank of Chj-
Feb. 1, 1S76
200, 000
35, 801
51
Do.
cago, 111.*
2298
First National Bank of Bedford,
Feb. 1,1876
30, 000
56, 457
22. 5
Do.
Iowa.
1776
First National Bank of Osceola,
Feb. 25, 1876
50, 000
34, 535
100
Do.
Iowa.
1954
First National Bank of Duluth,
Mar. 13, 1876
100, 000
87, 786
100
Finally closed;
Minn.
interest paid in
full.
1313'
First National Bank of La
Apr. 11, 1876
50, 000
135, 952
48.4
Finally closed.
Crosse, Wis.
818
Citv National Bank of Chicago,
May 17, 1876
250, 000
703, 658
77.512
Do.
Iil.
456
Watkins National Bank of Wat-
July 12, 1876
75, 000
59, 226
100
Finally closed ;
kins, N. Y.
13 per cent.
paid to stock-
holders.
1913
First National Bank of Wicli-
Sept. 23, 1876
60, 000
97, 404
70
Finally closed.
it a, Kaus.
101
First National Bank of Green-
Doc. 12,1876
50, 000
35, 023
27
Do.
Held, Ohio.*
971
National Bank of Fislikill, N. V.
Jan. 27, 1S77
200, 000
352, 062
100
Finally closed;
38.5 per cent.
of interest
paid.
50
First National Bank of Frank-
Feb. 13, 1877
132, 000
185, 760
100
Finally closed;
lin, Ind.
interest paid in
full.
689
Northumberland County Na-
Mar. 12, 1877
67, 000
175, 952
SI. 59
Finally closed.
tional Bank of Shamokiu. Pa.
14S4
First National Bank of Win-
Mar. 16, 1877
50, 000
140, 735
63.0
Do.
Chester, 111.
719
National Exchange Bank of
May 24, 1877
100, COO
227, 355
89. 179
Do.
Minneapolis. Minn.
1665
National Bank of the State of
June 23, 1877
2, 500, 000
1, 935, 721
100
Interest paid in
Missouri, Saint Louis, Mo.
full.
1949
First National Bank of Delphi,
July 20, 1877
50, 000
133, 112
100
Finally closed;
Ind.
interest paid in
full.
1991
First Nat ional Bank of George-
Aug. 18, 1877
75, 000
19u, 356
37. 643
•Finally closed.
town, Colo.
1273
Lock Haven National Bank of
Aug. 20, 1877
120, 000
254, 647
100
Do.
Lock Haven, Pa.
236
Third National Bank of Chicago,
Nov. 24, 1877
750, 000
1,061,598
100
Interest paid in
III.
full.
2047
Central National Bank of Chi-
Dec. 1, 1877
200, 000
298, 324
60
cago, 111.
1612
First National Bank of Kansas
Feb. 11,1878
500, 000
392, 394
100
Finally closed.
City, Mo.
1995
Commercial National Bank of
Feb. 11.1S7S
100, 000
75, 175
100
Finally closed;
Kansas City, Mo.
37.165 per coni.
paid to stock-
holders.
403
First National Bank of Ashland,
Feb. 28,1878
112, 500
29, 204
100
Finally closed.
Pa.*
362
First National Bank of Tarry-
Mar. 23, 1878
100, 000
118,371
90.5
Do.
town. N. Y.
Formerly in voluntary liquidation.
208
REPORT OF T1!E COMPTROLLER OF TILE CURRENCY.
Insolvent National Banks, with Number ok Hank, Date of Appointment of
Receivers, Amount of Capital Stock, etc. — Coutinued.
No. of
hank.
Name and location of hank.
Receiver ap-
pointed.
101
First National Bank of Allen-
town, Pa.*
Apr. 15, 1878
305
First National Bank of W ay nes-
burg, Pa.
May 15, 1878
1200
Washington County National
Bank of Greenwich, N. Y.
June 8,187S
2157
First National Bank of Dallas,
Tex.
J lino 8, 1S7S
2105
People’s National Bank of He-
lena, Mont.
Sept. 13, 1878
2027
First National Bank of Boze-
man, Mont.
Sept. 14, 1878
1927
Merchants’ National Bank of
Fort Scott, Kans.*
Sept. 20, 1878
2350
Farmers’ National Bank of
Platte City, Mo.
Oct. 1,1878
1S50
First National Bank of Warrens
burg, Mo.
Nov. 1,1878
2358
German American National
Bank of Washington, D. C.
Nov. 1,1878
1734
German National Bank of Chi-
cago, 111.*
Dec. 20, 1878
1227
Commercial National Bank of
Saratoga Springs, N. Y.
Fch. 11,1879
49
Second National Bank of Scran-
ton, Pa.*
Mar. 15,1879
1200
National Bank of Poultuey, Vt
First National Bank of Monti-
cello, Ind.
Apr. 7,1879
2208
July 18,1879
300
First National Bank of Butler,
Pa.
July 23, 1879
115
First National Bank of Mead-
villo, Pa.
June 9, 1880
52
First National Bank of Newark,
N.J.
Juno 14, 1880
470
First National Bank of Brattle-
boro’, Vt.
June 19, 1880
1251
Mechanics’ National Bank of
Newark, N.J.
Nov. 2,1881
235
First National Bank of Buffalo,
N.Y.
Apr. 22, 1882
2373
Pacific National Bank of Bos-
ton, Mass.
May 22, 1882
110
First National Bank of Union
Mills, Union City, Pa.
Mar. 24, 1883
1583
Vermont National Bans of
Saint Albans, Vt.
Aug. 9,1883
2420
First National Bank of-Load-
ville, Colo.
Jan. 24,1884
2889
City National Bank of Law-
roncoburgh, Ind.*
Mar. 11,1884
209
First National Bank of Saint
Albans, Vt.
Apr. 22,1881
2751
First National Bank of Mon-
mouth, 111.
Apr. 22,1881
1215
Marino National Bank of New
York, N. Y.
May 13, 1884
2887
not Springs National Bank of
Hot Springs, Ark.
Juno 2,1884
2000
Richmond National Bank of
Richmond, Ind.
July 23,1884
3000
First National Bank of Living-
ston. Mont.
A ug. 25, 1884
1GG
First National Bank of Albion.
' N.Y.
Aug. 26, 1884
2578
First National Bank of James-
town, Dak.
Sept. 13, 1884
Capital
stock.
Proved
claims.
$250, 000
100, 000
200, 000
50, 000
100, 000
50, 000
50, 000
50. 000
100, 000
130, 000
500, 000
100, 000
200, 000
100, 000
50, 000
50, 000
100.000
300. 000
300, 000
500, 000
100. 000
901,300
50, 000
200, 000
00, 000
100, 000
100,001;
75, 000
100, 000
50, 000
250, 000
50, 000
100, 00(1
50, 000
Divi-
dends
paid.
$90, 124
30, 159
202, 887
77, 101
108, 048
70, 191
27. 801
32, 449
150, 200
282, 370
197, 353
128, 832
132, 401
81.801
21,182
108, 385
93, 625
580, 592
104, 749
2, 730, 179
891, 735
2, 405, 393
180, 993
401,492
200, 851
40, 441
294,010
237, 524
4, 474, 197
30, 520
305, 931
28, 35U
158, 008
8, 131
Pr. ct.
88
00
100
3e. 1
40
98. 35
GO
100
100
50
100
100
100
100
98
81
100
100
100
01.25
38
50
05
42.5
40
81.10
25
95
50
100
50
75
Remarks.
Finally closed.
Do.
Do.
Do.
Do.
Do.
Finally clo sod;
18 per cent,
paid to stock-
holders.
Finally c 1 o s e d ;
interest paid in
full.
Finally closed ;
42.3 per cent, of
interest paid.
Finally closed ;
interest paid in
full.
Do.
Do.
Finally closed.
Finally closed ;
11 per cent,
since last re-
port.
Finally closed ;
interest .paid in
full.
Do.
Do.
30 per cent, since
last report.
10 per cent, since
last report.
Finally closed.
lOQ
20 per cent, since
last report.
Since lastreport.
Finally closed ;
interest paid in
full.
♦Formerly in voluntary liquidation.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 200
Insolvent National Basks, with Number of Bank, Date ok Appointment ok
Receivkbs, Amount ok Capital Stock, etc.— Continued.
No. of
bank.
Name ami location of bank.
Receiver ap-
pointed.
Capital
stock.
Proved
claims.
Divi-
dends
paid.
Remarks.
Pr. ct.
2012
Logan National Bank of West
Oct. 18,1884
$50, 000
$S0, 605
50
10 percent. since
Liberty, Ohio.
last report.
1270
Middletown National Bank of
Nov. 29, 1884
200, 000
049, 863
70
15 percent, since
Middletown. N. Y.
last report.
1701
Farmers’ National Bank of
Dec. 17,1884
50, 000
86, 25S
40
Bnshuell, III.
1510
Schoharie County National
Mar. 23, 18S5
50, 000
140, 333
40
10 per cent, since
Bank of Schoharie, N. Y.
Exchange National Bank of
last report.
1137
Apr. 9, 1885
300, 000
2, 894, 799
40
Do/
Norfolk, Va.
1710
Fitst National Bank of Lake
Jan. 4, 1SS6
50, 000
127, 524
ICO
Finally closed;
interest paid in
City, Minn.
full.
583
Lancaster National Bank of
Jan. 20, 1SS6
190, 000
170, 384
70
20 per cent, since
Clinton, Mass.
last report.
2465
First. National Bank of Sioux
Mar. 11, 1886
50, 000
51,041
20
Falls, Dak.
2624
First. National Bank of "Wahpe-
Apr. 8, 1 8S6
50, 000
110, 122
10
Since last report.
ton, Dak.
564
First National Bank of Angel-
Apr. 19, 1886
100, 000
63, 669
85
10 per cent, since
ica, N.Y.
last report.
2139
City National Bank of Wil-
May 4,1886
100, 000
130, 772
100
Finally closed ;
hamsport, Pa.
int erest paid in
full.
1386
Abington National Bank of
Alia 2, 1SS6
150, 000
116, 620
100
Do.
Abington, Mass.
2724
First National Bank of Blair,
Sept. 8,1886
50, 000
80, 452
100
Do.
Nebr.
2776
First National Bank of Pine
Nov. 20, 1886
50, 000
64, 961
25
Bluff, Ark.
3266
Palatka National Bank of Pa-
June 3,1887
50, 000
9, 379
100
Finally closed ;
interest paid in
latka, Fla.
full.
3461
Fidelity National Bank of Cin-
June 27, 1887
1, 000, 000
2, 386, 509
25
oinnati, Ohio.
3022
Henrietta National Bank of
Ang.17, 1887
50, 000
04, 784
50
Henrietta, Tex.
3082
75
National Bank of Sumter, S.C..
Ang. 24, 1887
Sept. 8, 1887
50, 000
50, 000
ville. N. Y.
First National Bank of Corry,
Pa.
605
Oct. 11,1887
100, 000
686
Stafford National Bank of Staf-
Oct. 17,1887
200, 000
ford Springs, Conn.
Total
24 058 9(m 40 955. 215
—
8770 CUR 87 14
210
REPORT OF THE COMPTROLLER OF THE CURRENCY.
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RETORT OF TIIE COMPTROLLER OF THE CURRENCY.
211
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9
REPORT OF THE COMPTROLLER OF THE
CURRENCY.
solvent National Banks, Date oe Organization, Failure, and Closing,
ets, Amounts Collected from all Sources, Loans and Disbursements,
3 aid, and Remaining Assets Returned to Stockholders.
Name and location of bank.
National Bank, Fishkill, N. Y
First National Bank, Franklin, Inti
Northumberland County National Bank, Sliamokin, Pa .
First National Bank, Winchester, 111
National Exchange Bank, Minneapolis, Minn ..
National Bank of the State of Missouri, Saint Louis, Mo
First National Bank, Delphi, Ind
First National Bank, Georgetown, Colo
Lock Haven National Bank, Lock Haven, Pa
Third National Bank, Chicago, 111
Central National Bank. Chicago, 111
First National Bank, Kansas City, Mo
Commercial National Bank, Kansas City, Mo
First National Bank, Ashland, Pa
First National Bank, Tarrytown, N. Y
First National Bank, Allentown, Pa
First National Bank, Waynesburgh, Pa
Washington County National Bank, Greenwich, N. Y . ..
First National Bank, Dallas, Tex
People’s National Bank, Helena, Mont
First National Bank, Bozeman, Mont
Merchants’ National Bank, Fort Scott, Kans
Farmers’ National Bank, Platte City, Mo
First National Bank, Warrensbnrgh, Mo
German American National Bank, Washington, D. C
German National Bank, Chicago, 111
Commercial National Bank, Saratoga Springs, N. Y
Second National Bank, Scranton, Pa
National Bank, Poultney, Vt
First National Bank, Monticello, Ind
First National Bank, Butler, Pa
First National Bank, Meadville, Pa
First National Bank, Newark, N. J
First National Bank, Brattlehorough, Yt
Mechanics’ National Bank, Newark, N. J
First National Bank, Buffalo, N. Y
Pacific National Bank, Boston, Mass
First National Bank Union Mills, Union City, Pa
Vermont National Bank, Saint Albans, Vt
First National Bank, Leadville, Colo
City National Bank, Lawrenceburgh. Ind
First National Bank, Saint Albans, Vt
First National Bank, Monmouth, 111
Marine National Bank, Now York, N. Y
Hot Springs National Bank, Hot Springs, Ark
Richmond National Bank, Richmond, Ind
First National Bank, Livingston, Mont
First National Bank, Albion, N. Y —
First National Bank, Jamestown, Dak
Logan National Bank, West Liberty, Ohio
Middletown National Bank, Middletown, N. Y
Farmers’ National Bank, Bushnell, 111
Schoharie County National Bank, Schoharie, N. Y
Exchange National Bank, Norfolk, Va
First National Bank. Lake City, Minn
Lancaster National Bank, Clinton, Mass
First National Bank, Sioux Falls, Dak
First National Bank, Wahpeton, Dak..
First National Bank, Angelica, N. Y- . -
City National Bank, Williamsport, Pa
Abington National Bank, Abington, Mass
First National Bank, Blair, Nebr
First National Bank, Pine Bluff', Ark
Palatka National Bank, Palatka, Fla
Fidelity National Bank, Cincinnati, Ohio
Henrietta National Bank, Henrietta, Tex
National Bank, Sumter, S. C
First National Bank, Dansville, N. Y
First National Bank, Corry, Pa
Stafford National Bank, Stafford Springs, Conn
Total
Date of
organization.
..(b)..
Apr. 1,1865
..(b)..
Aug. 5, 1863
Jan. 9, 1865
J uly 25, 1865
Jan. 16, 1865
..(0)..
Oct. 30,1866
Mar. 25,1872
May 31, 1872
June 14, 1865
Feb. 5,1864
Sept. 18,1872
Nov. 23, 1865
J une 3, 1872
■■(V)..
Apr. 27, 1864
Apr. 5, 1864
Dec. 16. 1863
Mar. 5, 1861
Juno 30, 1865
■■(c)..
July 16, 1874
May 13,1873
~(q)..
Aug. 14, 1872
Jan. 20,1872
May 5, 1877
Julv 31, 1871
..(p)..
May 14, 1877
..(b)..
Nov. 15, 1870
..(X)..
June 6.1865
Aug. 5, 1863
May 31, 1865
Dec. 3,1874
Mar. 11, 1864
Oct. 27,1863
..(f)..
Aug. 7, 1863
Juno 30, 1864
..(c)..
Juno 9,1865
Feb. 5, 1864
..(d)..
Nov. 9,1877
Oct. 23, 18G3
..(V)..
Oct. 11,1865
..(b)..
Mav. 19, 1879
..((])..
Fob. 24,1883
Fell. 20, 1864
..(b)..
July 7,1882
..(()..
Julie 3, 1865
..(C)..
Feb. 17,1883
..(/»..
Mar. 5, 1873
July 16, 1883
..(b)..
Dec. 22,1863
■■(e)..
Oct. 25, 1881
May 7, 1883
June 14, 1805
..(1)..
Feb. 18,1871
..(b)..
Aug. 9,1865
..(o)..
May 13, 1865
..(e)..
Nov. 29, 1870
Nov. 22, 1864
Mar. 15, 1880
-■(/)..
Feb 2, 1882
Nov. 3, 1864
Mar. 17, 1874
July 1,1865
..(u)..
June 7, 1882
..(a)..
Sept. 18, 1882
Rov. 20,1884
..(b)..
Fob. 27, 1886
Aug. 8, 1883
Nov. 20, 1883
■■(b)..
Sept. 4, 1863
..(»)..
Dec. 6, 1864
..(b)..
Jan. 7,1865
REPORT OP TUP COMPTROLLER OF THE CURRENCY
213
FOR THE PAST ELEVEN’ YEARS, WITH AMOUNTS OF NOMINAL AND ADDITIONAL A.S-
Lossks on Assets, Expenses of Receivership, Claims Proved. Dividends
Capital
stock.
Receiver
appointed.
$200, 000
Jan. 27, 1877
132,000
Feb. 13, 1877
67, 000
Mar. 12, 1877
50, 000
Mar. 16, 1877
100, 000
May 24, 1877
2, 500, 000
Juuo 23, 1877
50, 000
July 20, 1877
75, 000
Aug. 18, 1877
120, 000
Ang. 20, 1877
750. 000
Nov. 24, 1877
200, 000
Dec. 1. 1877
500, 000
Feb. 11,1878
100, 000
Feb. 11,1878
112,500
Feb. 28,1878
100, 000
Mar. 23, 1S78
250, 000
Apr. 15, 1878
100, 000
May 15, 1878
200, OHO
June 8, 1878
50, 000
June 8, 1878
100, 000
Sept. 13, 1878
50, 000
Sept. 14, 1878
50, 000
Sept. 25, 1878
50, 000
Oct. 1, 1878
100, 000
Nov. 1, 1878
130, 000
Nov. 1, 1878
500, 000
Dec. 20, 1878
100, 000
Feb. 11,1879
200, 000
Nov. 15, 1879
100, 000
Apr. 7, 1879
50, 000
July 18, 1S79
50, 000
July 23, 1879
100, 000
Juiie 9, 1880
300, 000
June 14, 1880
300, 000
June 19, 1880
500, 000
Nov. 2,1881
100,000
Apr. 22, 1882
961,300
May 22. 1882
50, 000
Mar. 24, 1883
200, 000
Aug. 9,1883
60, 000
Jan. 24, 1884
100, 000
Mar. 11, 1884
100, 000
Apr. 2?, 1884
75, 000
Apr. 22, 1884
400, 000
Mav 13, 1884
50, 000
Juno 2,1881
250, OOu
July 23, 1884
50, 000
Aug. 25, 1884
100, 000
Aug. 26, 1884
50, 000
Sept. 13, 1884
50, 000
Oct. 18, 1881
200, 000
Nov. 29, 1884
50, 000
Deo. 17, 1884
50, 000
Mar. 23, 1885
300, 000
Apr. 9, 1885
50, 000
Jan. 4,1886
100, 000
J an. 20, 1886
50, 000
Mar. 11, 1886
50, 000
Apr. 8,1886
loo, ooo
Apr. 19, 1886
100, 000
May 4, 1886
150, 000
Aug. 2, 1886
50,000
Sept. 8,1880
50, 000
Nov. 20, 1886
50, 000
June 3,1887
1, 000, 000
June 27, 1887
50, 000
Aug. 17, 1887
50, 000
Aug. 24, 1887
50, 000
Sept. 8, 1887
100, 000
Oct. 11,1887
200, 000
Oct. 17,1887
13, 732, 800
Causo of failure.
a Defalcation of officers.
b Defalcation of officers and fraudulent management,
c Defalcation of officers and excessive loans to others.
d Defalcation of officers and depreciation of securities,
a Depreciation of securities.
/Excessive loans to others, injudicious hanking, and depreciation of
securities.
3 Excessive loans to officers and directors, and depreciation of secu-
rities.
h Excessive loans to officers and directors, and investments in real
estate and mortgages.
i Excessive loans to others and depreciation of securities.
j Excessive loans to others and investments in real estate and mort-
gages.
k Excessive loans and failure of large debtors.
I Excessive loans to officers and directors,
m Failure of large debtors.
n Fraudulent management.
o Fraudulent management, excessive loans to officers and directors,
and depreciation of securities.
p Fraudulent management and depreciation of securities.
q Fraudulent management and injudicious hanking.
r Fraudulent management, defalcation of officers, and depreciation of
securities.
s Fraudulent management, injudicious hanking, investments in real
estate and mortgages, and depreciation of securities.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
10
17
18
19
20
21-
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
40
47
48
49
50
51
52
53
54
55
t Fraudulent management, excessive loans to officers and directors,
and excessive loans to others.
u Injudicious hanking.
56
57
58
59
60
01
62
v Injudicious hanking and depreciation of securities.
vi Injudicious hanking and failure of large debtors.
x Investments in real estate and mortgages, and depreciation of secur-
ities.
63
64
65
66
67
68
69
70
214 REPORT OP THE COMPTROLLER OP THE CURRENCY,
Insolvent National Banks, Date oe Organization, Failure,
Nominal assets at date of suspen-
sion.
Additional
assets re-
ceived since
date of
suspension.
Total
assets.
Oflsets
allowed
and settled.
Loss on
assets com-
pounded
or sold by
order of
court.
Nominal
value of
assets
returned
to stock-
holders.
Estimated
good.
Estimated
doubtful.
Estimated
worthless.
1
$194, 665
$262, 909
$51, 403
$49, 441
$558, 418
$13, 192
$223, 375
2
86, 492
58, 188
200, 909
24, 217
369, 806
60, 311
203, 792
3
67, 246
112, 026
25, 941
14, 770
219, 983
8,487
99, 5s8
4
67, 541
66, 025
79, 101
14, 270
226, 937
6, 537
117, 173
5
135, 231
90, 704
124, 371
18,411
368, 717
21,498
139, 309
6
935, 999
2, 818, 906
633, 744
433, 400
4, 822, 109
166, 831
1, 771, 699
7
175, 254
6, 250
6, 590
13, 478
201, 578
62, 774
1,310
$34, 259
8
34, 308
52. 627
629, 113
30, 398
746, 506
30, 598
600, 580
9
220, 481
150, 650
24, 990
34, 350
430, 471
41,324
143,664
10
1, 330, 215
631, 797
330, 704
295, 650
2, 588, 306
310, 813
■59, 322
11
157, 438
161, 441
170, 712
16, 073
505, 664
7, 245
79, 038
12
1,118, 118
313, 726
405, 000
19, 817
1, 856, 661
1, 482, 725
22, 559
13
52, 349
74, 724
51, 175
6,723
184, 971
22, 902
67, 396
H
107,318
41, 584
19, 070
8, 859
176, 831
16, 072
112, 818
15
100, 994
153, 467
20, 289
274, 750
164, 949
10
19, 879
132, 445
185, 220
2, 171
339,715
20, 608
208, 000
17
15, 869
42, 284
1, 80 L
60, 014
714
47, 239
18
311, 324
27, 894
230! 974
13! 749
5S9! 938
18, 541
6, 972
279, 987
19
48, 149
36. 245
67, 423
4, 305
156, 122
30, 088
106, 292
20
32, 559
95, 251
160, 151
67, 942
361, 903
12, 492
32, 372
21
39,010
76, 046
333
21,090
136, 479
7, 700
20, 141
22
21, 225
15, 543
46, 588
1, 892
85, 248
178
65, 804
23
9, 561
18, 691
42, 296
1, 944
72, 492
10, 917
8, 207
24
90, 953
194, 457
11, 578
33, 375
330, 363
55, 255
118, 507
25
256, 286
139, 514
37, 923
61, 147
494, 870
165,816
42, 883
26
104, 966
101, 971
475, 052
29, 881
711, 870
0, 170
521, 783
27
133, 169
167, 503
28, 909
17, 085
346, 726
17, 475
101,810
69, 659
28
264, 908
101, 178
104, 858
47, 591
518, 535
30, 737
203, 982
72, 754
29
68, 078
97, 257
18, 384
19, 500
203, 279
3, 353
25, 729
77, 592
30
23, 640
6,734
4, 374
15,017
49, 771
8,411
04
31
12, 647
134, 716
34, 737
27, 503
209, 603
11, 920
106, 562
32
115, 012
22, 545
12, 803
19, 108
169, 618
3,345
26, 043
26, 439
33
418, 051
64,041
55, 895
41, 173
580, 060
154, 945
4, 000
34
51,574
302, 654
43, 895
398, 123
4, 902
801
302, 654
35
1, 114, 503
185, 002
78, 286
105, 709
1, *183, 560
73, 925
48, 113
30
488, 892
65, 520
690, 987
34, 520
1, 285, 925
172, 063
55, 264
37
648,710
1,416,793
1,397, 334
380, 880
3, S43, 717
164, 843
464, 691
38
161, 699
40, 829
16, 309
23, 678
248, 515
4, 376
14,013
39
J2 4, 114
520, 917
118,618
19,572
783, 221
19,141
5, 541
40
72, 197
50, 042
102, 1 12
31,922
262, 273
7, 069
11,380
41
13, 993
14, 500
2, 554
1, 599
32, 640
52
16,017
42
217,314
96, 873
49, 951
66, 932
431, 070
9, 888
18, 350
4'*
172, 940
96, 543
9, 088
20, 491
305, 662
4, 410
44
2, 776| 636
1, 736! 106
1, 508! 609
823! 725
6, 845, 076
4T>! 937
3,019
45
31,058
27,774
27, 190
0, 299
92, 321
5, 381
29, 096
46
367, 109
72, 356
171,319
119, 487
730,271
32, 233
184, 046
47
33, 543
15, 304
22, 255
535
71, 637
6, 333
48
55j 762
4l! 446
113, 329
1,129
214,007
4, 146
0! 541
49
7,519
29, 820
29, 352
3, 312
70, 009
5
49, 155
50
60, 096
22, 695
39,410
122, 201
11,099
51
6oOi 810
S3! 692
167, 075
109, 607
931, 181
20! 997
2, 936
52
13, 170
3, 874
62, 229
11, 775
91,018
038
3,123
53
90, 891
39, 593
28,010
4, 715
169, 209
508
30, 182
54
1, 273,711
1,441,378
938,810
110, 783
3, 764, 688
150, 070
143, 150
55
57, 487
91,996
7, 291
57, 994
214, 768
581
65, 573
50
144, 850
138, 707
8,094
56, 509
348, 160
17, 806
4, 897
57
48,510
137, 859
3, 821
2,580
192, 770
37, 157
3, 493
58
21,410
66, 085
44, 884
1,851
134, 233
1, 168
3,007
59
59, 810
28, 459
70, 4 '8
7, 115
165, 812
1, 284
60
15 1; 879
26! 825
24! 398
35; 202
241 ! 304
4, 104
810
70, 715
61
122, 501
168, 164
5, 462
21,633
317,810
3, 721
76, 059
38,917
62
235, 474
8, 000
6, 834
5, 439
255, 747
5, 645
2, 358
43, 697
69
50, 793
82, 612
4,909
888
139, 202
122
61
15, 616
32, 092
8, 791
1, 790
58, 319
44, 008
65
2, 464, 079
915! 577.
2, 494, 51 1
0! 877
4,881,044
66
74, 171
35, 999
12,995
l! 370
124, 535
3, 454
67
60| 081
' 159
06, 240
68
17! 449
8, 397
37, 572
63,418
69
156, 586
20, 239
Oh! 710
243, 535
70
208! 243
119! 809
60! 809
388, 981
19, 034, 293
14, 150, 456
13, 178, 040
3, 591,916
49, 061, 305
4, 100, 827
0, 424, 182
239, 132
REPORT OF THE COMPTROLLER OF THE CURRENCY
215
and Closing, for the past Eleven Years, etc. — Continued.
Nominal
value of
remaining
assets.
Collected
from
assets.
Collected
from assess-
ment upon
shareholders
Total
collections
fi om all
sources.
Loans paid
and other
disburse-
ments.
Dividends
paid.
Legal
expenses.
Receiver’s
salary and
oi her
expenses.
$321, 851
$122, 127
$143, 978
$5, 000
$388, 856
$°5 040
$25 082
1
’ 105,' 703
91,1)20
197,633
'520
173,’ 512
5 140
9 71G
9
111,’ 908
4?>, 232
155,’ 140
4, 797
KJOj 474
’ 96G
I*'’ 903
3
103, 227
8 014
111,271
8i 805
83, 715
2 08*2
10 069
4
207,' 910
9, 540
217, 450
202, 753
l, 898
!•>’ 040
5
$36, 957
2, 8 Ml, 622
245, 108
3, 091, 730
658,784
2, 165, 888
79, 802
151, 793
6
103, 235
103, 235
4, 059
81, 941
2, 690
10 919
7
10.3," 378
103,' 328
73, 890
11 987
17 251
8
24 5^ 483
47, 949
203, 432
7,846
254-i 6 17
6, 608
2li 271
9
S93, 106
1, 325, 125
1, 325, 125
145, 179
1,071, 774
10, 923
53, 851
10
27-1, 465
144,916
65, 132
210. 018
177, 254
12, 077
14, 129
11
351, 377
351, 377
1,791
310, 828
5, 414
27, 314
12
94,' 613
94i 613
3, 048
52, 514
576
1,604
13
47, 941
47, 941
33, lf>5
3, 974
5, 013
14
109, 801
1G 455
120, 250
107, 575
5, 54 G
13 135
J5
51, 107
54, 536
105, 643
1,576
79i 725
11,000
13, 336
16
12, 001
]G, 447
28, 508
21 710
2, 315
4 483
17
2$4i 438
123, 430
4 97, 868
114, 220
262i 887
loi 129
4i 950
18
19, 742
)G 500
36. 242
29, 377
825
6, 040
19
252,0)4
64. 395
23, 622
8Si 017
9, 762
6.»; 368
1,325
] 1,476
20
30, 5C4
78, 134
1,811
79, 945
2, 125
69. 033
634
8, 153
21
19,266
2, 880
22, 146
272
16, 670
1,488
.3, 716
22
32, 519
20, 819
20,819
1,633
11, 803
8)0
3, 005
23
153,601
16, 277
172, 878
47,315
100, 870
3, 838
8, 176
24
160, 448
125, 693
52, 361
178, 054
51, 982
87, 260
9,804
21, 873
25
183, 917
80, 257
26 1, 174
49, 4G6
182, 572
32, 136
26
1 ;> /•; 782
157, 782
2,' 021
137, 428
5,385
12, 119
27
205i 002
54, 950
260i 012
57, 745
160i 587
10i 245
24i 551
28
9G, 005
96, G05
53
88, 176
7, 517
29
11, 877
29i 419
4,677
34, 096
10
20, 758
1,792
1 li 296
30
91, 121
23,001
114, 122
8,420
82, 030
7, 167
16, 475
31
113, 791
113, 791
96, 17G
3, 225
G, 739
3?
93, 431
327, 684
267, 311
594,995
7,037
528, 305
13i 503
ini ooo
33
89, 706
61 655
151 421
9!*, 847
2, 973
10, 832
34
127, 031
1,234,' 491
495, 550
1, 730, 041
•
1, 627, 558
25,' 932
10, 693
35
014, 741
443, 857
4, 450
448, 307
1,910
339, 999
35, 370
26, 342
36
2, 278, 776
935, 427
583,811
1, 519, 238
114,791
1, 150, 239
58, 135
120, 108
37
80, 059
144,067
8, 287
152, 354
118,740
7, 935
14,867
38
553, 040
204, 899
23, 704
228, 603
169, 024
9, 550
30, 904
39
129, 781
114, 043
4, 348
118,391
3, 709
80, 342
5, 110
15, 989
40
16, 577
23, 732
40, 309
3, 892
26, 809
2,233
7, 885
41
294,011
108,215
4, 898
113, 113
17,307
71,887
3, 705
12, 585
42
50, 007
244, 639
03, 486
308, 125
13, 190
225, 048
0, 543
15, 779
43
3. 563, 559
2, 835,561
206, 024
3, 101, 585
563, 465
2, 237, 557
40, 408
50, 951
44
22, 00 i
35, 783
13, 569
49, 352
36, 526
3, 177
9, 597
45
298, 088
215, 304
73, 751
289, 055
60, 719
20.5, 305
3, 176
15, 593
40
44, 160
21, 144
16, 450
37, 594
21, 262
1,996
10,016
47
146, 765
57, 215
4, 200
61,415
6, 359
10, 652
9, 358
48
20, 849
20 819
6, 515
8, 807
52
49
79, 258
3lj 844
23, 500
55, 3 44
li 748
40i 347
2, 684
7, 683
50
413, 106
494, 085
494, 085
5, 612
454, 897
13, 525
12, 083
51
45, 298
41, 989
15, 000
50, 989
34, 503
1,825
7, 610
52
66, 107
72, 412
1,400
73,812
56, 131
1,651
10,861
53
2, 222, 255
1, 249, 213
153, 509
1, 402, 722
164, 413
1, 157, 386
21, 829
31,626
54
148, Gil
148 Oil
231
131, 024
192
2, 314
55
145, 870
179j 531
179/531
119, 269
256
9, 248
56
125, 494
2d 626
26, 626
1,657
10i 208
1, 567
5, 051
57
111,557
18, 501
18,501
625
11,011
1, 122
4,949
58
98, 015
66, 543
GO, 543
52, 928
921
5, 115
59
165, 069
16, 177
135, 574
1,425
7i 321
GO
198j 513
198, 513
117,’ 878
' 198
5i 208
G1
204 047
204, 047
106, 424
82, 946
324
4i 279
62
94, 604
44, 276
44. 27G
10i 238
3i 322
63
14, 25!
14, 251
82
9, 492
1,348
04
4, 681, 734
1, 199, 310
1, 199, 310
590, 642
893
Hi 251
G5
61, 000
6o; 021
60, 021
32, 391
1,024
66
60, 240
67
63,418
68
243.J535
69
388, 981
70
18, 909, 208
19, 197, 956
3, 231, 901
22, 429, 857
2, 282, 545
16, 851, 400
529, 789
1, 131, 234
21G REPORT OF THE COMPTROLLER OF THE CURRENCY.
Insolvent National Banks, Date of Organization, Failure, and Closing for
the past Eleven Years, etc.— Continued.
REPORT OF TIIE COMPTROLLER OF THE
CURRENCY.
21
Liabilities of the National Banks, and the Reserve Required and Held at
Three Dates in the Years 188-1, ’85, ’8ti, ’87.
STATES AND TERRITORIES EXCLUSIVE OF RESERVE CITIES.
Date.
No. of
bauks.
Net do-
posits.
Reserve
required.
Reserve hold.
Classification of reserve.
Amount.
Ratio to
deposits.
Specie.
Other
lawful
money.
Due
from
agents.
Redemp-
tion
fund.
Millions.
Millions.
Millions.
Per cent.
Millions.
Millions.
Millions.
Millions,
Apr. 24, 1884
2, 340
576. 0
80.4
102. 5
28. 2
30.4
31.5
83. 7
10.9
Juuo 20, 18S4
2, 370
544.7
81.7
140. 0
20.8
30. 4
32.0
06.8
10.7
Sept. 30, 18S4
2, 417
535. 8
SO. 4
150.3
29.2
35.2
30.9
79.7
10.5
Mav 0, 1885
2,432
540.3
81.1
171.0
31.0
40.7
30. 2
90.0
10.1
Julv 1, 1885
2, 442
552. 2
82.8
170.3
30.8
40.1
28.1
92.1
10. 0
Oct. 1, 1885
2,467
570. 8
85. 6
177.5
31.1
41.5
29.9
95.9
10.2
Mar. 1,1880
2, 518
596. 1
89.4
181.0
30.4
45 1
27.7
98.9
9.8
Juuo 8, 1880
2, 552
OIL. 7
91.8
181.0
29.7
49. 1
29.7
93. 5
9.3
Oct. 7, 1886
2,590
037. 0
95.0
180.2
29. 2
47.8
30.1
99.5
8.7
May 13,1887
2, G7G
682. 8
102.4
198.9
29.1
51.1
32.9
107.8
0.8
Aug. 1, 1887
2, 724
683. 0
102. 4
189.5
27. 7
48.9
31.3
102.6
0.0
Oct. 5, 1887
2, 750
090.6
103.6
190.9
27.0
50.8
32. 0
100.9
0.0
NEW TORE CITY.
Apr. 24,1884
47
2S2. 2
70.5
75.2
20. G
49.5
2-4.9
0.8
Juno 20, 1884
45
231. 8
57.9
09. 1
29. 8
43. 5
24.9
.........
0.7
Sept. 30, 1884
44
254 9
63.7
90.8
35.0
63.1
27.0
0.7
May 0, 1885
41
297.7
74.4
123. 5
41.5
90.5
26.4
0.0
July 1,1885
45
312. 7
78. 2
132. 8
42. 5
90.5
37.5
........
0.0
Oct. 1, 1885
44
312.9
78.2
115.7
37.0
91.5
23.7
0. 5
Mar. 1, 1SSG
45
323. 6
80.9
101.2
31.3
77.2
23.5
0.5
J une 3, 1880
45
296. 8
74.2
89.9
30. 3
57.9
31.5
U'4
Oct. 7, 18»G
45
282.8
70.7
77.0
27. 2
04.1
12.5
0.4
May 13,1887
40
299.7
74.9
82.8
27.0
03.0
18.8
0.4
Aug. 1,1887
40
294. 0
73.5
82.0
28. 1
65. 0
17.2
0.4
Oct. 5, 1887
47
284.3
71.1
80.1
28.2
03.0
16. 1
0.4
CHICAGO.
May 13,1887
18
08. 0
17.0
20.7
30.4
13.0
7.6
0. 05
Aug.
1, 1887
18
00. 3
10.0
22. 0
33. 1
14.0
7.2
0. 05
Oct.
5, 1S87
IS
04.0
16.2
19.7
30.5
12.9
0.7
0. 05
SAINT LOUIS.
I
May 13,1887
5
9.1
2.2
3.3
30.4
1.5
1.8
0. 03
Ani. 1, 1887
5
10.8
2.7
3.4
31. 9
1.6
1.8
0. 03
Oct. 5, 188
5
10.3
2.0
2.7
26.4
1.3
1.3
0. 03
218 REPORT OF THE COMPTROLLER OF THE CURRENCY,
Liabilities of the National Banks, and the Reserve Required and Held at
Three Dates, etc. — Continued.
OTHER RESERVE CITIES. *
Date.
No. of
banks.
Net de-
posits.
Reserve
required.
Reserve held.
Classification of reserve.
Amount.
Ratio to
deposits.
Specie.
Other
lawful
money.
Due
from
agents.
Redemp-
tion
fund.
Millions.
M illions.
Millions.
Per cent.
Millions.
Millions.
Millions.
Millions.
Apr. 24, 1884
202
338.0
84. 5
104.1
30.8
28.8
33.3
38.8
3.2
June 20, 1884
204
302.8
75.7
9L. 1
30.1
29.7
29.9
28.4
3.1
Sept. 30, 1884
203
308.0
77.0
99.0
32.2
30.3
33.3
32.3
3.1
May C, 1885
202
346.5
86. 6
124.0
35. 8
40.2
39.9
40.9
3.0
July t, 1885
202
356. '5
89.1
123. 4
34.6
41.0
38.8
40.7
2.9
Oct. 1, 1885
203
364.5
91.1
122. 2
33.5
41.9
35.0
42.4
2.0
Mar. 1, 1886
205
378. 0
94.5
124.0
32.8
49.3
28.2
43.9
2.7
J une 3, 1886
212
387.2
96.8
122. 8
31.7
50. 5
30.2
39.6
2.5
Oct. 7, 1886
217
38i. 5
95.4
113.9
29. 9
44.5
26.0
41.3
2.2
Mar. 4,1887
210
345. 1
80.3
106.1
30.7
38.0
26.4
40.2
1.4
Aug. 1,1887
221
335. 5
83.9
98.4
29.3
34.8
24.2
37.7
1.2
Oct. 5, 1887
223
338.5
84.6
100.7
29.7
30.3
23.2
40.0
1.2
SUMMARY.*
Apr. 24, 1884
2, 589
1,196.2
241.4
341.8
28. 0
114.7
89.7
122.5
14.9
June 20. 1884
2, 025
1,079.3
215. 3
306. 2
28.4
109.6
86.8
95.2
14.5
Sept. 30, 1884
2, 601
1, 098. 7
221. 1
340.1
31.6
128. 6
91.2
112.0
14.3
May 6, 1885
2, 078
1, 184.5
242.1
418. 5
35.3
177.4
90.5
130.9
13.7
July 1, 1885
2, 689
1,221.4
250. 1
426. 5
31.9
177.6
102. 6
132.8
13.5
Oct. 1, 1885
2,714
1,248.2
254.9
415.4
33.3
174.9
88.6
138.3
13.6
Mar. 1, 1880
2,768
1, 297. 6
264.8
406.8
31.3
171.6
79.4
142.8
12.9
June 3, 1886
2,809
1, 295. 7
202. 8
394. 2
30.4
157. 5
91.6
133. 0
12.2
Oct. 7, 1886
2, 852
1,301.8
201.7
377. 2
28.9
150.4
OS. 7
140.8
11.4
May 13, 1887
2. 955
1,404.7
282.9
411.9
29.3
167. 3
87.6
148.1
8.8
Aug. 1, 1887
3,014
1, 389. 7
279. 1
396. 0
28.5
165. 1
82.3
140.3
8.3
Oct. 5, 1887
3, 049
1, 388. 4
278. 0
394.2
28.4
105.1
79.9
140.9
8.3
* Includes Chicago and Saint Louis up to 1887.
REPORT OP THE COMPTROLLER OF THE CURRENCY. 219
Table showing, by Geographical Divisions, the Reserve Cities and Central
Reserve Cities, the Number of Banks in Operation at every date on which
Reports of Condition have been made, from March 11, 1882, to October 5,
1887, inclusive, together with the Amount of Reserve Required and the
Amount held at each of those Dates, and the Classification of the Re-
serve HELD, SHOWING AMOUNTS AND PERCENTAGES IN EACH CASE.
[Division No. 1.— Maine, New Hampshire, Vermont, Massachusetts, Rhode -Island, and Connecticut,
excluding reserve cities.]
Dates.
No. of
banks.
Amount of
reserve re-
quired, 15
percent, of
net deposits.
Reserve held.
Classification of reserve held.
Amount.
Ratio.
Lawful money (6
per cent.).
With reserve
agents (9 per cent.).
Five
per cent,
redemp-
tion fund.
Amount.
Ratio.
Amount.
Ratio.
1882.
Per ct.
Per ct.
Per ct.
Mar. 11 . .
502
$14, 962, 799
$29, 478, 618
29. 55
$7,223,511
7. 24
$17,710, 653
17. 76
$4, 538, 454
Mav 19..
503
15, 068, 764
31,457,478
31.31
7,495,171
7.46
19, 488, 807
19. 40
4, 473, 500
July 1...
504
15, 505, 375
29, 835, 966
28. 80
7, 585, 373
7. 34
17, 833, 751
17.25
4.416,842
Oct. 3 ...
505
16, 290, 302
29, 332, 584
27.00
7, 916, 022
7.29
16, 949, 161
15. 96
4,467, 401
Dec. 30..
507
16, 254, 969
33, 151, 031
30. 59
8, 197, 588
7. 56
20, 509, 426
18. 93
4, 444, 017
1883.
Mar. 13..
507
15, 342, 235
28, 288, 564
27.66
7, 552, 020
7. 38
16, 299, 167
15.94
4, 437, 377
May 1
500
15, 309. 783
27, 968, 728
27. 40
7,495,816
7.34
16, 040, 299
15. 72
4, 432, 583
Juno 22 .
510
15, 369, 906
28, 844, 230
28. 15
7, 685,718
7. 50
10, 722, 029
16.32
4, 436, 483
Oct. 2...
511
16, 161. 030
31, 164, 435
28. 93
7, 650, 078
7.10
19, 099, 007
17. 73
4, 414, 690
Dec. 31 ..
512
16. 426, 477
34, 548, 821
31.55
8, 144, 345
7.41
21, 965, 101
20.06
4, 430, 375
1884.
Mar. 7. ..
514
15, 959, 007
32, 510, 901
30. 56
7, 875, 750
7.40
20, 374,517
19.15
4, 260, 634
Apr. 24..
514
10, 081, 733
31. 256. 427
27. 15
8, 138, 314
7.59
18, 787, 103
17. 52
4, 331, 010
June 20..
514
15, 103, 680
27, 470, 663
27. 28
8,231,410
8. 17
14, 972, 792
14.8/
4, 260, 461
Sept. 30 .
514
15, 614, 046
32, 199, 345
30. 03
8,199,770
7.88
19, 833, 278
19.05
4, 160, 297
Dec. 20 . .
515
15,216,181
31, 576, 643
31.13
8, 273, 291
8.16
19, 211, 124
18. 94
4, 092, 228
1885.
Mar. 10. .
514
15,553,913
33, 563, 396
32.37
8, 416, 689
8.12
21,146, 721
20.39
3, 999, 986
Mav 6 . . .
511
16. 093, 617
34, 880, 706
32. 52
8, 641, 121
8,05
22,184,176
20. 68
4, 001,469
July 1. . .
512
16, 589. 006
34,597.448
31.31
8, 951, 595
8.10
21,637,813
19.58
4, 0H8, 040
Oct. 1 ...
506
17,218,577
34,416,314
29. 98
9, 549, 345
8. 32
20, 832, 605
18. 15
4, 034, 364
Dec. 24..
506
17,150, 864
32, 831, 670
28. 71
9, 562, 800
8. 36
19, 311, 376
10. 89
3, 957, 494
1886.
Mar. 1 ..
507
17,185, 207
32, 588, 870
28.44
9, 772, 588
8. 53
18, 969, 980
16. 56
3, 846, 302
June 3. . .
510
10, 473.718
32, 509, 786
27.91
10, 304, 208
8.85
18, 555, 748
15. 93
3, 649. 830
All" 27
509
17,388,516
31,345, 7i-8
27. 04
10.316,259
8. 90
17, 449, 280
15. 05
3, 580, 249
Oct. 7
510
18,295, 909
35, 762,441
29. 32
10,335, 491
8.47
21,995, 854
18. 03
3, 431, 090
Dec. 28..
511
17, 815, 957
33, 229, 398
27. 98
10, 888, 902
9.17
19, 338, 260
16. 28
3, 002, 236
1887.
Mar. 4...
511
17,464,118
34, 081, 099
29. 27
10, 261, 663
8.81
21, 137, 117
18.15
2, 682, 319
May 13 ..
513
17,918, 113
33, 354, 311
27. 92
10, 470, 249
8.77
20, 384, 444
17.06
2, 499,618
Aug. 1...
512
17, 228, 499
28, 645, 014
24. 94
10, 202, 657
8.88
16, 106, 385
14. 02
2, 335, 972
Oct. 5
512
17, 758, 954
32, 079, 549
27.10
10, 081, 047
8.51
19, C98, 402
16.64
2, 300, 100
220 REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing, by Geographical Divisions, the Reserve Cities and Central
Reserve Cities, the Number of Banks in Operation, etc. — Continued.
[Division No. 2. — Now York, Now Jersey, anil Pennsylvania, excluding reserve cities.]
Dates.
No. of
banks.
Amount of
reserve re-
quired, 15
per cent, of
not deposits.
Reserve lield.
Classification of reserve held.
Amount.
Ratio.
Lawful money (6
per cent.).
With reserve
agents (9 per cent,.).
Five
per cent,
redemp-
tion fund.
Amount.
Ratio.
Amount.
Ratio.
1882.
Per ct
Per ct.
Per ct.
Mar. 11. .
507
$24, 513, 805
$47,919, 202
29. 32
$14, 546, 014
8. 90
$30, 249, 805
18. 51
$3, 122, 723
May 19..
514
24, 825, 009
49, 038, 897
29. 03
15, 827. 208
9. 50
30, 100, 831
18.19
3,110, 858
July 1. . .
515
25, 213, 576
47,501,012
28. 23
15, 228, 440
9. 05
29, 217, 784
17.36
3, 054, 782
Got. 3 —
515
25, 702, 599
47, 834, 808
27. 92
15, 881, 906
9.27
28, 808, 395
16. 85
3, 084, 567
Dec. 30. .
521
20, 500, 579
48, 071, 228
27. 21
16, 007, 008
9. 43
28, 338, 020
16. 04
3, 066, 200
1883.
Mar. 13..
525
26, 151,831
48, 307, 519
27.71
15, 222, 686
8. 74
30, 020, 506
17. 22
3, 048, 327
May 1 . .
532
20, 557, 410
45, 504, 935
25. 74
16, 603,462
9. 38
25, 905, 781
14.63
3, 055, 692
.1 une 22..
537
26, 409, 0S7
50.817,552
28.80
16, 240, 341
9.22
31,528,884
17.91
3, 048, 327
Oct. 2 ...
545
26, 885, 132
48, 979, 043
27. 33
16, 912, 419
9.44
29, Oil, 331
10.19
3, 055, 293
Dec. 31 ..
540
20, 992, 440
50, 577, 804
28.11
17,734,006
9.86
29, 840, 080
10. 58
3, 003, 652
1884.
Mar. 7...
550
27, 003, 470
53. 829, 445
29. 90
16, 983,453
9. 43
33, 924, 115
18.84
2, 921,877
Apr. 24. .
554
27, 240, 954
53, 358, 232
29. 38
18, 854, 082
10.38
31, 556, 100
17. 38
2, 947, 990
J line 20 .
501
25, 503, 092
45, 24 1, 638
20. 01
18,801,649
11.06
23, 558, 015
13. 86
2,881,974
Sept. 30 .
563
25, 245, 939
49, 189, 650
29. 23
18, 094, 389
11.11
27, 634, 801
16.42
2, 800, 400
Dec. 20..
500
24, 531, 549
50, 799, 720
31. 00
18,030,445
11. 03
29, 977, 889
18. 33
2, 785, 386
1885.
Mar. 10..
559
25, 258, 857
55, 403, 538
32.94
18, 925, 754
11.24
33, 766, 999
20. 05
2, 770, 785
May 0 . .
559
25, 204, 559
53, 071, 039
31. 58
20, 044, 604
11.93
30, 262, 857
18.01
2, 763, 578
July 1...
501
25, 615, 002
51,945,847
30. 42
19, 178, 305
11. 23
30, 033, 212
17.59
2, 734, 330
Oct. 1 . . .
537
26, 291, 732
56, 170, 958
32. 05
20, 055,448
11.44
33, 297, 308
19. 00
2,818, 202
Deo. 24..
567
20, 843, 401
58, 345, 580
32. 00
18,913,441
10. 57
36, 653, 591
20. 48
2, 778, 548
1886.
Mar. 1 . . .
570
27, 453, 354
56, 020, 945
30. 61
18,960, Oil
10. 36
34, 334, 359
18. 76
2, 732, 575
June 3 . .
571
27, 533, 873
54, 618, 391
29. 75
20, 795, 357
11. 33
31,241, 898
17. 02
2, 581, 136
Aug. 27 .
572
28, 253. 322
56,910,208
30. 21
20, 185, 336
10. 71
34, 170, 300
18. 14
2, 554, 672
Oct. 7 ...
572
28, 830, 549
54, 836, 089
28. 53
20, 192, 341
10. 51
32, 249, 120
16. 78
2, 394, 628
Dec. 28..
575
28, 792, 675
53, 341, 795
27.79
20, 360, 434
10.01
30. 849, 802
10.07
2, 131, 559
1887.
Mar. 4. ..
570
29, 020, 465
54, 867, 767
28. 30
19, 405, 628
10. 03
33, 449, 631
17. 29
2, 012, 508
May 13..
580
29, 685, 015
50, 2G8, 209
28. 48
20, 193, 151
10. 20
34,100, 474
17. 26
1,914,584
Aug. 1 . .
580
29, 837, 428
51,361,670
25. 82
19,291,107
9.70
30, 226, 408
15. 20
1, 844, 11 1
Oct: 5 ...
587
30, 004, 900
52, 990, 784
20.44
19, 775, 576
9. 87
31, 370, 441
15.65
1, 844, 707
REPORT OF THE COMPTROLLER OF THE CURRENCV
221
Table showing, by Geographical Divisions, the Reserve Cities and Central
Reserve Cities, the Number op Banks in Operation, etc. — Continued.
[Division No. 3. — Delaware, Marylaud, Virginia, Went Virginia, auil the District of Columbia, exclud-
ing reserve cities.]
Amount of
reserve re-
quired, 15
per cent, of
net deposits.
Reserve held.
Classification of reserve bold.
Dates.
No. of
ban Us.
Amount.
Ratio.
Lawful mouoy (6
per cent.).
With reserve
agents (9 per cent.).
Five
per cent,
redemp-
tion fund.
Amount.
Ratio.
Amount.
Ratio.
1882.
Mar. 11.
73
$3, 326, 580
$6, 300, S88
Per ct.
28. 41
$2, 702. 126
Per ct.
12. 18
$3, 212, 987
Per ct.
14. 49
$1, 385, 775
May 19. .
74
3, 229, 343
5, 846, 228
27. 10
2, 867, 270
13. 32
2, 597, 775
12. 07
381, 183
July 1...
74
3, 293, 618
6, 330, 795
28.83
2, 951, 218
13. 44
3, 000. 277
13. 66
379, 300
Oct. 3. . . .
7(>
3, 600, 294
7, 027, 363
29. 28
2, 883, 425
12. 01
3, 752, 436
15. 0 5
391, 502
Dec. 30..
77
3, 559, 250
6, 432, 974
27.11
2,943, 333
12. 40
3, 098, 400
13. 06
391, 241
1883.
Mar. 13..
77
3, 527, 510
5, 733, 788
24. 38
2, 337, 863
9. 94
3, 008, 054
12. 79
387, 871
May l . .
77
3, 528, 471
5, 790, 224
24.01
2,713,896
11. 54
2, 691, 467
11.44
384, 801
June 22..
78
3, 621, 398
6, 406,495
26. 54
2, 774, 761
11.49
3, 243, 785
13.44
387, 949
Oct. 2....
82
4, 152,516
7, 383, 800
26. 67
3, 088, 038
11.15
3, 901, 193
14. 09
394, 509
Deo. 31..
82
3, 998, 036
6, 620, 987
24. 82
3, 018, 536
11.33
3, 210, 691
12. 05
391, 760
1884.
Mar. 7...
83
3, 877, 353
6, 822, 590
26. 36
2, 873, 867
11. 12
3, 582, 688
13. 86
366, 035
Apr. 24..
83
3, 812, 038
6, 446, 814
25. 37
3, 045, 651
11. 98
3, 027, 832
11. 91
373, 331
June 20. .
83
3, 513, 153
5, 375, 113
22. 95
2, 975, 931
12. 71
2, 025, 960
8. 65
373, 222
Sept. 30 .
88
3, 702, 825
6, 837, 101
27. 70
3, 220, 417
13. 05
3, 246, 528
13. 15
370, 156
Dee. 20. . .
88
3, 365, 854
6, 467, 992
28. 82
2, 942, 926
13. 12
3, 164, 161
14, 10
360, 905
1885.
Mar. 10..
88
3, 361, 044
6, 282, 532
28. 04
3, 043, 637
13. 58
2, 895, 186
12. 92
343, 709
May 0. . .
87
2, 854, 130
5, 624, 698
29. 56
2, 985, 242
15. 09
2, 289, 321
12. 03
350, 135
July 1...
87
2, 919, 436
5, 311, 397
27. 29
2, 758, 277
14.17
2, 199, 965
11. 30
353,155
Oct. 1. . .
88
3, 286, 346
7, 338, 927
33. 50
3, 134, 687
14. 31
3, 850, 486
17. 57
353, 754
357, 881
Dec. 24..
80
3, 162, 147
7, 070, 981
33. 54
2, 887, 760
13.70
3, 825, 340
18. 15
1886.
Mar. 1...
89
3, 163, 328
6, 579, 113
31.20
3, 079, 948
14. 60
3, 153, 202
14. 95
345, 903
J uno 3. . .
9U
3, 259, 103
6, 761, 881
31. 12
3, 414, 420
15. 71
3, 034, 136
13. 97
313, 325
Aug.. 27. .
91
3, 490, 359
7, 337, 721
31. 53
3, 313, 468
14. 24
3, 714, 380
15.96
309, 873
Oct. 7....
89
3, 525, 434
7, 125, 856
30. 32
3,405,443
14. 49
3, 414, 134
14.53
306, 279
Dec. 28..
91
3, 459, 845
6, 826, 991
29. 00
3, 124, 102
13. 54
3, 414, 702
14.80
288, 187
1887.
Mar. 4. . .
91
3, 541, 988
6, 685, 225
28.31
3, 061, 122
12. 96
3, 370, 568
14. 27
253, 535
May 33..
92
3, 434, 211
6, 233, 763
27.10
3, 351,755
14.64
2, 640, 664
11.53
241, 344
Aug. 1 . .
93
3, 681, 532
6, 591, 665
26. 86
3, 307, 925
13.84
2, 952, 617
12. 03
241, 123
Oct. 5....
94
3, 789, 907
6, 641, 421
26. 29
3,402,471
13. 47
3, 004, 141
11. 89
234, 809
222 REPORT OF THE COMPTROLLER OF THE CURRENCY,
Table showing, by Geographical Divisions, the Reserve Cities and Central
Reserve Cities, the Number of Banks in Operation, etc. — Continued.
[Division No. 4. — North Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana,
Texas, Arkansas, Kentucky, and Tennessee, excluding reserve cities.]
Dates.
No. of
banks.
Amount of
reserve re-
quired, 15
percent, of
net deposits.
Reserve held.
Classification of reserve held.
Amount.
Ratio.
Lawful money (6
per cent.).
With reserve
agents (9 per cent.).
Five
per cent,
redemp-
tion fund.
Amount.
Ratio.
Amount.
Ratio.
1882.
Per ct.
Per ct.
Per ct.
Mar. 11..
141
$5, 185, 281
$10,013, 832
28. 97
$5, 466, 058
15. 81
$3, 758, 544
10. 87
$789, 230
Mav 19 - -
144
4, 915. 899
10, 118, 504
30. 87
5, 419, 385
16. 54
3, 906, 752
11.92
792, 367
J uly 1 . . .
148
5, 115, 956
10, 326, 820
30. 28
5, 227, 153
15. 33
4,313, 224
12. 65
786, 443
Oct. 3 ...
154
5, 260, 274
9, 392, 645
26. 75
4, 771, 326
13.59
3, 827, 425
10. 90
793, 894
Dec. 30..
159
5, 978, 914
32,718, 655
31.91
6, 340, 182
15.91
5, 584, 656
14.01
793, 817
1883.
Mar. 13..
164
6, 116, 981
13, 254, 160
32. 50
6, 396, 960
15. 69
6, 086, 199
14,92
771,001
May 1. ..
169
0, 190, 892
12, 890, 743
31.23
6, 543, 434
15 85
5, 555, 724
13. 46
791, 585
.Tune 22 .
175
6, 143, 331
12, 353, 975
30.16
6, 475, 724
15.81
5, 075, 892
12. 39
802, 359
Oct. 2 ...
191
6, 267, 968
10, 275, 182
24. 59
6, 589, 276
15. 77
3, 887, 690
9.30
798,216
Dec. 31..
197
6, 761, 077
12, 940, 873
28.71
6, 968, 159
15.46
5, 170, 209
11.48
802, 505
1884.
Mar. 7...
201
k 6, 810, 062
13, 644, 672
30. 03
6, 883, 358
15.15
5, 979, 687
13.16
781, 627
Apr. 24..
204
0, 874,431
12, 348, 517
26. 95
6, 803, 162
14. 84
4, 762, 025
10. 39
783, 330
June20..
208
6,449, 163
11, 364, 136
26. 43
6, 826, 409
15.88
3, 782. 006
8. 80
755, 721
Sept. 30 .
210
6, 042, 864
11,168,565
27.72
6, 334, 635
15. 72
4, 087, 448
10. 15
746, 482
Dec. 20 . .
220
6, 491, 216
14, 560, 732
33. 67
7, 007, 016
16.19
6, 806, 367
15. 73
747, 349
1885.
Mar. 10..
226
6, 669, 784
15, 098, 820
33. 96
7, 964, 807
17. 91
6, 385,184
14. 36
748, 829
May 0 . . .
229
6, 483, 495
13, 065, 477
30. 23
7, 563, 398
17. 50
4, 765, 739
11. 03
736, 340
.July 1...
232
6, 442, 590
12, 404, 357
28. 88
7, 159, 393
16.67
4,532, 187
10.55
712,777
Oct. 1
232
6, 388, 330
11,874,404
27. 88
6, 826, 279
16.03
4, 322, 638
10. 15
725, 487
Dec. 24..
235
7, 142, 914
15, 834,011
33. 25
8, 001, 784
16.80
7, 141, 940
15. 00
690, 287
1886.
Mar. 1 . . .
240
7, 583, 952
16, 308, 788
32. 26
8, 523, 863
16. 86
7, 114, 169
14.07
670, 756
June 3 ..
245
7, 493, tf63
15, 598, 452
31.23
8, 108, 413
16.23
6, 863, 196
13.74
626, 843
Aug. 27.
251
7, 301,499
13, 950, 929
28. 67
7, 650, 399
15. 72
5, 699, 062
11.71
607, 468
Oct. 7 ...
251
7, 520, 093
13, 597, 692
27.12
7, 565, 181
15.69
5, 474, 973
10. 92
557, 538
Dec. 28 ..
253
8, 863, 744
21,096, 851
35.70
9, 659, 357
16. 35
10, 914, 071
18. 47
523, 423
1887.
Mar. 4...
265
9, 951, 682
22, 483, 366
33. 89
10, 365, 065
15. 62
11, 607, 039
17. 50
511,262
May 13 . .
279
9, 403, 413
18, 093, 369
28. 86
9, 623, 458
15.35
7, 965, 043
12.71
504, 868
Aug. 1 ..
290
9, 227, 123
15, 981, 046
25. 98
8, 924, 833
14.51
6, 555,611
10. 66
500, 602
Oct. 5 ...
296
9, 183, 3'20
16, 341, 034
26. 69
9, 728, 521
15. 89
6, 100, 154
9. 96
512, 359
t
REPORT OF THE COMPTROLLER OF THE CURRENCY,
223
Tablk showing, by Geographical Divisions, the Reserve Cities and Central
Reserve Cities, the Number of Banks, etc. — Continued.
[Division No. 5.— Oliio, Indiana, Illinois, Michigan, and Wisconsin, excluding reserve cities.]
Dates.
No. of
banks.
Amount of
reserve re-
quired, 15
percent, of
net deposits.
Rsserve held.
Classification of reserve held.
Amount.
Ratio.
Lawful money (0
per cent.).
With reserve
agents (9 per cent.).
Five
per cent,
redemp-
tion fund.
Amount.
Ratio.
Amount.
Ratio-
1882.
Per ct.
Per ct.
Per ct.
Mar. 11..
503
$19, 032, 152
$27, 890,100
29. 78
$17, 235, 102
13.58
$18,089,973
14. 73
$1, 96’., 025
May 19. .
512
18, 777, G97
37, 819, 405
30. 22
17, 572, 509
14. 04
18, 358,481
14. 07
1,888, 355
July 1 . .
51 1
18,003,931
37, 703, 899
29. 82
10, 982, 358
13.43
18. 910, 821
1 4. 90
1,810, 720
Oct". 3 . . .
519
19, 272, 709
35, 909, 848
27. 99
17,205,070
13. 39
10, 875, 972
13. 13
1, 888, 206
Deo. 30 . .
523
18, 845, 485
35, 817, 290
28.51
17, 047, 739
13. 57
10, 9u5, 080
13.46
1, 803, 871
1883.
Mar. 13..
530
19,081,900
36, 507, 835
27. 17
16, 401, 301
12. 89
18, 281, 3G4
14.38
1, 825, 170
May 1 ..
536
18, 892, 570
34, 009, 157
27. 00
17, 003, 342
13. 50
15, 140,013
12. 03
1 , 859, 202
J one 22
541
18, 080, 838
32, 831, 223
25.14
15, 010, 973
12.54
15, 394, 048
12.30
1,819, 607
Oct. 2 ...
554
18, 503, 099
34, 705, 552
28.01
10, 503, 659
13.34
10, 347, 350
13. 21
1, 854, 543
Dec. 31..
554
17.901. 597
34, 790, 030
29.05
16, 853, 215
14.07
10, 142, 530
13. 48
1, 794, 879
1884.
Mar. 7 . .
558
17, 808, 933
34, 832, 320
29. 34
10, 401, 984
13. 87
16, 636, 811
14.01
1,733,525
Apr, 24. .
560
17, 392, GUI
32, 294, 594
27.81
10,913, 978
14. 59
13, 023, 182
11.75
1,757,434
Jiiue 20 .
569
10,040,340
30, 908, 073
29. 15
10, 186, 847
14, 59
13, 081,876
11.79
1. 099, 350
Sept. 30 .
574
15, 784, 480
31,515,494
29.98
10, 127,236
15. 33
13, 764, 179
13. 08
1, 054, 079
Deo. 20..
572
15, 040, 275
33, 478, 235
33.39
15, 503, 364
15.02
16, 332, 719
10. 29
1, 582, 152
1885.
Mar. 10..
5G7
15. 800, 692
30,876,186
35. 07
16, 882, 609
10. 03
18,475,898
17.54
1,517, 679
May 6 . ..
5G8
15,954,519
35, 903, 168
33.81
17, 117, 106
16. 09
17, 336, 757
10. 30
1,509,305
July 1 . . .
5G7
10, 118 809
36, 162, 987
33. 05
15, 930, 895
14. 83
18,738, 134
17. 45
1,487, 958
Oct. 1 . . .
570
10,501, 187
37, 477, 345
34. 07
17,019, 402
15. 47
18, 934, 890
17.21
1,522, 993
Dec. 24..
570
16, 497, 191
30, 220, 910
32.93
10, 050, 698
14.59
18, 653, 610
16. SO
1,522,596
18S6.
Mar. 1 . .
571
17, 1S4. 003
38, 407, 958
33. 57
16, 692, 494
14. 57
20,284, 810
17. 78
1,490, 654
J une 3 . .
575
17, 452, 850
30, 082, 022
31.53
17, 849, 509
15. 34
17, 420, 440
14. 98
1. 400, 607
Aug. 27 .
582
18,315, 951
41,304,412
33. 88
17, 1 18, 272
14.02
22, 867, 315
18.73
1, 378, 825
Oct. 7 ...
580
18,438, 101
39, 891,410
32. 45
17, 974, 024
14. 02
20, 594, 220
10. 75
1,322, 506
Dec. 28 . .
57G
18, 828, 474
40, 251, 058
32. 07
18, 082, 937
14. 41
20, 974, 170
10.71
1,193, 951
1887.
Mar. 4 ..
582
19, 446,236
42, 186, 629
32. 54
18, 037, 638
13.91
23,012,354
17. 75
1,136, 037
May 13. .
584
20, 082, 778
41,866, 938
31.27
19, 111,076
14. 27
21,073,404
10. 19
1,081,958
Aug. 1 ..
594
20,814,218
44, 475, 533
32. 05
18,401,230
13.20
25, 021, 687
18. 03
1 , 052, 010
Oct. 5 . . .'
598
20, 576, 959
40, 983, 910
29. 88
19, 171, 016
13. 98
20, 771, 852
15. 11
1, 041, 048
224 REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing, by Geographical Divisions, the Reserve Cities and Central
Reserve Cities, the Number op Banks in Operation, etc.— Continued.
[Division No. 6. — Iowa, Minnesota, Missouri, Kansas, and Nebraska (Omaha transferred to division
No. 9, October 5, 1887; Kansas City and Saint Joseph transferred to division No. 9, May 13, 1887,
excluding reserve cities.]
Dates.
No. of
banks.
Amount of
reserve re-
quired, 15
per cent, of
net deposits.
Reserve held.
Classification of reserve held.
Amount.
Ratio.
Lawful money (6
per cent.).
With reserve
agents (9 per cent.).
Five
per cent,
redemp-
tion fund.
Amount.
Ratio.
Amount.
Ratio.
1882.
,
Piir cl.
Per ct.
Per ct.
Mar. 11 . .
157
$6, 541, 424
$11, 849, 907
27. 17
$5,719, 125
13.11
$5, 665, 681
12. 99
$465,161
May 19..
105
6, 707, 034
12, 348, 739
27. 62
5, 557, 107
12. 43
6, 323, 635
14.14
407, 997
July 1...
171
6, 945, 887
12, 192, 356
26. 33
5, 805, 877
12. 67
5, S66, 108
12. 08
400,311
Oct. 3
184
7, 211, 774
11, 866, 093
24.68
5, 934, 099
12. 34
5,440, 789
11.32
491,205
Dec. 30 ..
197
7, 314, 811
12, 985, 540
26. 63
6, 513, 480
13. 35
5, 975, 158
12. 25
490, 908
1883.
Mar. 13 ..
207
7, 692, 300
13, 786, 065
26. 88
6, 048, 070
11.79
7, 237, 137
14.11
500, 858
May 1 . . .
216
8, 007, 308
13, 928, 636
26. 09
6, 920, 476
12. 98
6, 496, 802
12.17
505, 298
June 22 .
2:1
8, 669, 010
16. 331, 528
28. 26
6, 739, 738
11.60
9, 100, 816
15. 75
490, 974
Oct. 2....
257
9, 087, 854
15, 692, 927
25. 90
7, 240, 980
11.95
7, 922, 362
13.08
529, 585
Dec. 31 ..
270
9, 269, 439
16, 008, 106
26. 00
7, 756, 806
12. 55
7, 788, 201
12. 60
523, 099
1884.
Mar. 1 ...
287
9, 365, 609
16, 334, 768
26.16
7, 297, 414
11.69
8, 520, 486
13. 66
510, 808
Apr. 24 . .
293
9, 712, 119
17, 385, 106
20. 85
8, 463, 090
13. 07
8, 406, 680
12. 98
515, 330
June 20 .
309
9, 546, 762
16, 082, 585
26. 21
9, 306, 090
14. 72
6, 800, 014
10. 09
510,451
Sept. 30..
329
9, 158, 231
10, 305, 178
26. 70
8, 130, 878
13. 32
7, 677, 976
12. 58
494, 324
Dec. 20 ..
329
8, 643, 147
15, 874, 452
27, 55
7, 734, 917
13. 42
7, 642, 884
13. 20
496, 651
1885.
Mar. 10 . .
336
9, 202, 140
18, 064, 151
29. 45
8, 442, 274
13. 76
9, 131, 647
14. S9
490, 230
Mav 0 . ..
•340
9, 013, 675
19, 112, 996
29. 73
8, 803, 813
13. 69
9, 806, 853
15. 25
502, 330
July 1...
346
10, 105, 532
20, 186, 373
29. 96
8, 868, 049
13. 16
10, 827, 681
16.07
490, 643
Oct. 1
359
10, 526, 279
19, 159, 727
27. 30
8, 896, 805
12. 68
9, 768, 829
13. 92
494, 093
Dec. 24 . .
363
10, 511, 542
19, 128, 184
27. 30
9, 309, 286
13. 28
9, 315, 121
13. 29
503. 777
1880.
•
Mar. 1 . . .
377
10, 872, 988
19, 373, 302
20. 73
8, 838, 140
12. 19
10, 043, 854
13. 80
491, 308
J uno 3 . .
391
12,203,046
23, 020,432
28. 30
1 1, 204, 900
13. 77
11, 339,220
13. 94
476, 306
Aug. 27..
404
12,349, 300
24, 464, 927
29. 72
10, 229,545
12. 43
13,747,424
10. 70
487, 553
Oct. 7
406
12, 377, 733
21,931,807
26. 58
11,019, 342
13. 35
10, 422, 066
12. 63
490, 459
Dec. 28 ..
418
12, 811, 418
23, 053, 002
26. 99
11, 752, 951
13.70
10, 848, 107
12. 70
451, 944
; 1887.
Mar. 4...
427
14,184, 873
27, 752, 343
29. 35
11, 860, 360
12. 54
15, 441,590
16.33
450, 387
May 13..
428
13, 308, 183
26, 723, 837
29. 99
12, 010, 369
13.48
14, 290, 849
16. 04
422, 019
Aug.l...
438
12,435, 313
25, 056, 695
30. 22
10, 458, 690
12. 62
14, 175, 709
17. 10
422, 236
Oct. 5....
455
12,258,402
22, 367, 310
27. 37
10,275,484
12. 57
11, 660, 633
14. 27
431, 193
REPORT OF THE COMPTROLLER OF THE CURRENCY.
o-ir.
Table showing, by Geographical Divisions, tub Rkserve Cities and Central
Reserve Cities, the Number of Banks in Operation, etc. — Continued.
[Division No. 7. — Colorado, Nevada, California, and Oregon, excluding reserve cities.]
Dates.
No. of
banks.
Amount of
reserves re-
quired, 15
per cent, of
net deposits.
Reserve held.
Classification of reserve held.
Amount.
Ratio.
Lawful money (0
per cent.).
With reser\ e
agents (9 per cent.).
Five
per cent,
redemp-
tion fund.
Amount.
Ratio.
•
Amount.
Ratio.
1882.
Per ct.
Per ct.
Per ct.
Mar. 11..
30
$2, 570, 675
$5, 408, 452
31.53
$2, 542, 858
14. 83
$2, 758, 864
16. 08
$106,730
May 19..
31
2, 690, 322
5, 872, 061
32. 7 J
2, 637,314
14. 09
3, 122, 481
17.40
112, 800
July 1...
o/2
2, 093, 920
5, 682, 235
31.69
2, 400, 625
13. 72
3, 109,475
17.34
112, 135
Oct. 3 ...
32
2, 868, 124
6,241,813
32. 69
2,791 278
14. 63
3, 330, 785
17.44
110, 750
Dec. 30..
33
2, 871, 004
6, 379, 306
33. 37
3, 166, 266
16.50
3, 096, 131
10. 20
1 10, 909
1883.
Mar. 13 .
33
2, 866, 867
6, 081, 382
31.86
3, 594, 598
18, 83
2, 374, 534
12.44
112,250
May 1 . .
34
2, 890, 042
5, 487, 840
28.51
3, 133, 202
16.28
2, 240, 755
11. 04
113, 883
June 22 .
38
2, 984, 656
6. 355, 648
31.97
3, 203, 157
16. It
3, 033, 360
15. 20
119, 125
Oct. 2 ...
43
3, 200, 008
5, 839, 540
27. 35
3, 098, 370
14. 51
2. 619, 307
12. 27
121,863
Dec. 31-
42
3, 241, 147
6, 447, 703
29. 88
3, 558k027
16. 50
2, 763, 101
12. 80
120, 575
1881.
1
Mar. 7 ..
43
3, 009, 761
5, 626, 902
28. 08
3, 217, 309
16. 05
2, 287, 585
11.46
122, 008
Apr. 24 —
43
3, 028, 531
5, 791, 614
28. 68
3, 207, 082
15. 88
2, 462, 898
12.20
121,634
June 20 .
45
2, 748, 021
5, 492, 059
29. 97
3, 664, 9 1)8
20. 00
1,717, 837
9. 37
109, 914
Sept. 30 .
46
2, 600, 548
5, 798, 359
32. 09
3,346,017
18. 80
2, 341, 155
13. 20
111. 187
Dec. 20 ..
47
2, 560, 777
5, 524, 939
32. 36
3, 180, 260
18.63
2, 239, 427
13. 12
105, 252
1885.
Mar. 10 —
47
2, 663, 353
5, 978, 551
33.67
3, 450, 529
19.43
2, 419, 586
13. 63
10S, 436
May 6 .. .
49
2, 683, 438
5, 699, 692
31.86
3, 336, 534
18. 65
2, 256, 198
12.61
106, 960
July 1. —
50
2, 721, 004
5, 697, 478
31.41
2, 966, 876
16.36
2, 626, 141
14.48
104. 401
Oci,. 1 ...
51
2, 920, 866
6, 635, 005
34.07
3, 260, 554
16. 74
3,264,417
10.70
110, 034
Dec. 24 —
54
3, 189, 900
7, 038, 522
33. 10
3, 732, 709
17. 55
3, 192, 688
15.01
113, 125
1886.
Mar. 1 . . .
57
3, 329, 624
7, 529, 982
33. 92
3, 947, 515
17. 78
3, 465, 653
15.61
116, 814
June 3 ..
01
3, 59S, 749
7, 672, 897
31.98
4, 034, 927
16. 82
3, 527, 877
14. 70
110, 093
Aug. 27 .
07
3, 863,2-6
8, 288, 012
32.18
4, 096, 387
15.91
4, 075, 587
15. 82
116,038
Oct. 7 . ..
68
3, 971,589
7, 896, 910
29. 83
4, 104,213
15. 50
3, 672, 731
13. 87
119, 960
Dec. 28..
71
4, 329, 961
9, 221, 771
31. 95
5, 276, 940
18. 28
3, 828, 979
13. 26
115, 853
1887.
Mar. 4 ..
71
4, 674, 444
10, 289, 333
33. 02
5, 672, 302
18. 20
4, 504, 028
14.45
113, 003
May 12 —
75
5, 276, 435
11, 540, 554
32. 81
5, 990, 889
17. 03
5, 438, 612
15. 46
111,053
Aug. 1 -
83
5,719, 220
11,799,916
30. 95
6, 134, 729
16. 09
5, 543, 590
14. 55
116,507
Oct. 5 ...
86
6, 330, 097
13, 784, 605
32.06
7, 276, 703
17. 24
6, 385, 396
15. 13
122, 506
8770 CUR 87 15
226 REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing, by Geographical Divisions, the Reserve Cities and Central
Reserve Cities, the Number of Banks in Operation, etc. — Continued.
[Division No. 8. — Arizona, Dakota, Idaho, Montana, New Mexico, Utah, Washington, and Wyoming.]
Dates.
No. of
banks.
Amount of
reserve re-
quired, 15
per cent, of
net deposits.
Reserve held.
Classification of reserve held.
Amount.
Ratio.
Lawful money (6
per cent.).
With reserve
agents (9 per cent.).
Five
per cent,
redemp-
tion fund.
Amount.
Ratio.
Amount.
Ratio.
1882.
Per ct.
Per ct.
Per ct.
$82,641
Mar. 11 .
32
$1, 144, 970
$1, 864, 032
24.42
$1, 234, 034
16. 17
$547, 357
7.17
May 19 ..
38
1, 340, 349
2, 242, 753
25. 10
1,346, 771
15. 07
803, 072
8. 99
92, 910
July 1...
38
1, 379, 900
2, 335, 024
25. 38
1,265,644
13.76
970, 470
10. 55
98, 920
Oct. 3 ...
41
1,662, 285
2, 686, 299
24. 24
1, 566, 209
14. 13
1, 019, 233
9.20
100, 857
Dec. 30 ..
48
1, 815, 318
3, 276, 376
27.07
1, 893, 011
15. 04
1, 276, 440
10.55
106, 919
1883.
Mar. 13 . .
54
1,857,414
3, 171, 854
25. 62
1, 944, 893
15.71
1,118,433
9.03
108, 528
May 1...
55
2, 072, 505
3, 190, 343
23. 13
1, 946, 749
14.09
1, 139, 293
8.25
110, 301
June 22..
00
2, 234, 510
3, 787, 433
25. 42
1, 946, 924
13. 07
1, 726, 181
11.59
114, 328
Oct. 2 ...
70
2, 302, 081
3, 453, 105
21.93
2, 000, 374
12. 70
1,331,438
8.46
121,293
Dec. 31 ..
74
2, 280, 534
3, 746, 766
24.64
2, 450, 974
16.12
1, 177, 548
7. 75
118,244
1S84.
Mar. 7 ...
78
2, 206, 520
3,406, 474
23.10
2, 332, 136
15. 85
955, 815
6.50
118, 523
Apr. 24 . .
84
2, 256, 846
3, 584, 7(30
23.83
2, 421, 783
16, 10
1, 038, 881
0.90
124, 096
J une 20 .
87
2, 194, 632
3, 402, 695
23. 26
2, 377, 061
16.25
899, 284
0. 15
126, 350
Sept. 30..
87
2, 162, 177
3, 263, 041
22. 64
2, 077, 673
14.41
1, 066, 754
7.40
118,614
Dec. 20 ..
80
2, 193, 537
3, 58i, 574
24. 49
2, 357, 403
16.12
1, 114, 624
7.62
109, 547
1885.
Mar. 10. .
88
2, 132, 223
3, 703, 384
20. 05
2, 525. 590
17.77
1, 068, 609
7.52
109, 185
May 0 . . .
89
2, 124, 749
3, 587, 997
25. 33
2, 387, 887
10.80
1, 089, 153
7.69
110, 957
July 1...
92
2, 317, 930
3, 939, 596
25. 48
2, 354, 579
15. 24
1, 473, 460
9.53
111,557
Oct. 1 . . .
94
2, 492, 432
4, 420, 239
26. 60
2, 600, 691
15.65
1 , 704, 733
10. 26
114, 815
Dec. 24 . .
107
2, 633, 914
4, 881,391
27. 80
. 3,106,234
18.03
1, 594, 293
9.08
120, 864
1886.
Mar. 1...
107
2, 643, 604
4, 716, 817
26. 86
3, 057, 426
17.41
1, 535, 412
8. 74
123, 977
Juno 3 ..
109
2, 745, 657
4, 088, 187
25. 61
3,091,659
16.89
1, 471, 191
8.04
125, 339
Aug. 27..
113
2, 615, 777
5, 173, 789
29.07
3, 135, 269
17.98
1,913, 185
10. 97
125, 335
Oct. 7....
114
2, 075, 213
5, 149, 624
28. 87
3, 360. 609
18.79
1, 669, 970
9.36
119, 045
Dec. 28..
111
2, 852, 550
5, 258, 108
27.65
3, 560, 333
18. 70
1, 577, 946
8.25
119, 829
1887.
Mar. 4 . . .
121
3, 019, 568
4, 961,765
24. 65
3, 418, 756
16.98
1, 421, 601
7.06
121, 408
May 13 ..
125
3, 258, 730
4, 782, 756
22. 02
3, 357, 718
15. 46
1, 303, 545
6.00
121, 493
Aug. 1...
128
3, 501, 233
5, 626, 017
24. 13
3, 492, 525
14.96
2, 010, 740
8. 57
122, 752
Oct 5
128
3, 630, 696
5, 730, 545
23. 08
3, 715, 196
15. 35
1, 888, 860
7.80
126, 489
RErORT OF THE COMPTROLLER OF THE CURRENCY. 227
Tablk showing, by Gkograiiiiical Divisions, tiie Reserve Cities and Central
Reserve Cities, the Number of Banks in Operation, etc. — Continued.
[Division No. 9 Reserve cities— Boston, Albany, Philadelphia, Pittsburgh, Baltimore, Washington,
Now Orleans, Louisville, Cincinnati, Cleveland. Chicago, Detroit, Milwaukee, Saint Louis, and
San Francisco. )
Amount of
reserve re-
quired. 15
per cent, of
net deposits.
Reserve held.
Classification of reserve held.
Dales.
No. of
banks.
Amount.
Ratio.
Lawful money (6
per cent.)!
With reserve
agents (9 per cent.).
Five
per cent,
redemp-
tion fund.
Amount.
Ratio.
Amount.
Ratio.
1882.
Mar. 11 .
192
$77, 032, 003
$93, 401, 093
Per ct.
30.31
$54, 818, 246
Per ct.
17. 79
$34, 852, 796
Per ct.
11.31
$3, 730, 051
Mav 19..
192
80, 294, 028
102, 352, 999
31.87
59, 318, 593
18.47
39, 467, 976
12. 29
3, 506, 430
Julv 1...
193
81, 7(50, 651
95, 874, 953
29. 32
57, 206, 564
17.49
35, 233, 042
10. 77
3, 435, 34 T
Oct. 3 . . .
193
79, 694, 569
89, 143, 583
27. 96
52,413, 086
16.44
33, 213, 032
10. 42
3, 517, 465
Dec. 31. .
195
77, 005, 800
95, 051, 887
30. 82
54, 211, 530
17. 58
37, 282, 190
12. 09
3, 558, 161
1883.
Mar. 13. .
198
77, 419, 867
89, 796, 888
29. 00
49, 061, 801
16.04
36, 592, 761
11.82
3, 542, 326
May 1 . . .
199
78, 614, 546
91,787, 852
29. 18
54, 129, 582
17. 21
34, 090, 027
10. 84
3, 508, 243
J une 22 .
200
83, 005, 153
103, 900, 990
31.29
59, 515. 283
17. 93
40, 821, 353
12.29
3, 564, 354
Oct. 2 ...
200
80, 961, 109
100, 638, 235
31. 08
56, 425, 407
17.42
40, 798, 990
12. 60
3, 413, 838
Dec. 31..
202
83, 646, 150
105, 535, 835
31.54
63, 273, 391
18.91
38, 942, 133
11.64
3, 320, 311
1884.
Mar. 1 ...
202
85, 297, 591
111,255, 031
32, 01
61,563, 512
IS. 04
46, 437, 308
38, 827, 197
13. 61
3, 254,811
Apr. 24 .
202
84, 514, 593
104,165,958
30.81
62, 160, 250
18. 39
11.49
3,178,511
.1 une 20 .
204
75, 708, 501
91,103, 676
30. 08
59, 623, 045
19. 69
28, 403, 338
9. 38
3, 077, 293
Sept. 30 .
Dec. 20..
203
76, 984, 342
99, 022, 475
32. 16
63, 578, 992
20. 65
32, 340, 900
10.50
3, 102, 583
203
78, 739, 375
103, 685, 153
32. 92
66, Oil, 790
20. 96
34, 672, 781
11.01
3, 000, 582
1885.
Mar. 10..
202
83, 462, 537
118, 522, 306
35. 50
74, 383, 404
22. 28
41,172,443
12. 33
2, 906, 459
May 0..
202
86, 628, 766
123, 902, 577
35. 77
80,109, 098
23. 12
40,912, 049
40, 061, 809
11.81
2, 941,430
July 1. ..
202
89,118, 594
123,423,045
34. 62
79, 828, 139
22. 39
11.41
2, 933, 097
Oct, 1 . . .
203
91, 118, 639
122, 186, 751
33. 52
76, 907, 632
21. 10
42, 402, 600
11.63
2,876,510
Dec. 24 ..
202
91, 151, 185
117, 043, 608
32.11
74, 674, 927
20.48
39, 551, 479
10. 88
2, 817, 202
1886.
Mar. 1 . . .
205
94, 506, 304
124, 03 4, 337
32.81
77, 446, 733
20.49
43, 904, 247
39, 567, 423
40, 072, 689
11.01
2, 683, 357
J une 3 . .
212
96, 810, 237
122, 784,157
31.71
80, 738, 933
20. 85
10. 22
2, 477, 801
Aug. 27 .
215
93, 802, 959
110, 584, 456
29. 42
68, 232, 506
18. 19
10. 68
2, 279, 261
Oct. 7 . . .
217
95, 363,719
113, 951, 757
29. 88
70, 489, 135
18.48
41, 271, 509
10. 82
2, 191, 113
Dec. 28..
218
94, 305, 102
112, 821, 235
29.91
70, 633, 785
18.72
40, 371, 942
10.70
1, 815, 508
1887.
Mar. 4...
220
99, 518, 600
124,447,510
31.26
73, 631, 556
64, 496, 954
18. 50
49,217, 253
12. 36
1,598, 701
May 13*.
210
86, 270, 809
100, 121,301
30. 75
18. 69
40,210, 839
11.65
1,413, 508
Aug. 1 1
221
83, 889, 160
98, 389. 974
29. 32
59, 504, 534
17.73
37, 672, 349
11.23
1,213, 090
Ocu 5
223
84. 621, 104
100, 714, 633
29. 75
59, 524, 848
17. 59
39, 993, 709
11. 82
1, 190, 076
* Kansas City and Saint Joseph included from May 13, 1887, and Chicago and Saint Louis transferred
to Division No. 10.
t Omaha included from August 1, 1887.
228 REPORT OF THE COMPTROLLER OF THE CURRENCY
Table showing, by Geographical Divisions, the Reserve Cities and Central
Reserve Cities, the Number oe Ranks in Operation, etc. — Continued.
[Division No. 10.]
New York City.
Chicago.
Saint Louis.
Amount
Amount
Amount
Dates.
of reserve
Ratio
of reserve
Ratio
of reserve
Ratio
No. of
required =
of
No. of
required =
of
No. of
required =
of
banks.
25 percent.
reserve
banks.
25 percent.
reserve
banks.
25 per cent.
reserve
of net de-
held.
of net de-
held.
of net de-
held.
posits.
posits.
posits.
1882.
Pcrct.
Perct.
Per ct.
Mar. 11
50
$G3, 982, G29
25 16
50
GG 708 718
20. 14
July 1
50
69, 337,’ 260
25. 99
Oct 3
50
63 503 245
25. 36
♦
Dec. 30
48
64| 391, 245
20. 14
1883.
Mar. 13
48
62, 437, 901
23. 59
48
63 422,340
25. 48
48
69 809 640
28. 81
Oct. 2
48
GG 735 374
26. 53
Dec. 31
47
6o| 509, 209
27. 58
1884.
Mar. 7
47
75, 373, 069
28. 94
Apr. 24
47
70, 540, 8G3
J uno 20
’ 45
57, 948, 702
29. 82
Sept. 30
44
63’ 737', 684
35. 63
Dec. 20
44
68, 335, 552
38. 29 .
1885.
Mar. 10
41
73,191,705
40. 12
May 0
44
7i, 436| 136
41. 48
July 1
45
78, 181, 211
42. 47
Oct 1
44
7$, 2U, 626
36. 98
Dec. 24
75, 516, 839
32. 76
1880.
Mar. 1
45
80, 887, 727
31.28
June 3
45
7i, 187’ 977
30. 28
Aug. 27
45
70’ 386| 879
27. 46
Oct. 7
45
70’ 697, 561
27. 24
Dec. 28
45
73, 007i 025
29. 89
1887.
Mar. 4
45
78, 607, 422
28. 70
May 13
40
74, 921, 037
27. 04
18
$16, 993, 940
30.41
5
2, 280, 804
36. 40
Aug. 1
46
73, 497, 514
28.11
18
16, 579,934
33. 14
5
2, 710, 600
31.89
Oct. 5
47
71, 084, 776
28.18
18
16, 161, 735
30. 53
5
2, 574, 297
26. 44
REPORT OF THE COMPTROLLER OF THE CURRENCY. 229
Average Weekly Deposits, Circulation, and Reserve of the National
Banks of New York City, as reported to the New York Clearing-House,
for the Months given, in the Years 1881, 1882, 1883, 1884, 1885, 1880, 188?.
Liabilities.
Reserve.
ing—
Circulation.
Netdoposits.
Total.
Specie.
Legal tend-
ers.
Total.
Ratio to
liabilities.
Sept.
3,1881
$19, 669,400
$278, 241, 700
$297,911, 100
$57,816, 100
$13, 226, 600
$71, 042, 700
Per cent.
23. 85
Sept.
10, 1881
19, 764, 500
277,011, 700
296, 776, 200
59, 991,000
12, 591,300
72, 582, 900
24.46
Sept.
17, 1881
19,768.100
279, 404, 900
299, 173, 000
61,224, 100
11,979, 000
73, 203, 1 00
24. 47
Sept.
21, 1881
19.747, 509
277, 268, 600
297, 016, 100
60, 476, 000
12,451,300
72, 927, 300
24. 05
Get.
1.1881
19,841,400
270, 727, 400
290. 568, 800
54, 954, G< 0
12, 150, 400
67, 105, 000
23.09
Get.
8, 1881
19,849, 409
263, 081, 600
282, 931, 000
53, 2S7, 900
12,153, 800
05,441,700
23. 13
Oct.
15, 1881
19. 878, 400
2 '4, 224, 700
274, 103, 100
51,008, 300
12, 472, 700
63, 461,000
23. 15
Get.
22, 1881
19,901,400
250, 299, 000
270, 200,400
54, 016, 200
12, 496, 500
66, 512, 700
24. 61
Get.
20, 1881
19,930,400
251, 480, 300
271,410, 700
55, 961, 200
12, 947, 900
68. 9U9, 100
25. 61
Sept.
2, 1882
18, 278, 400
271,999, 400
290, 277, 800
40, 775, 400
19,953, 100
09, 728, 500
24.02
Sept.
Sept.
9, 1882
18, 307, 000
265, 566, 900
283, 873, 900
47, 148, 500
19, 448, 800
66, 597, 300
23.46
16. 1882
18, 357, 0«0
263, 730, 700
282, 094, 209
48, 571, 500
18,694,500
67, 263, 000
23. 84
Sept.
23, 1882
18. 623, 700
260, 205, 800
278, 829, 500
47, 114, 000
17, 993, 700
65, 107, 700
23. 35
Sept.
30, 1882
18, 768, 100
251,858, 100
270, 644, 200
44, 925, 500
18, 389, 000
63,314, 500
23.25
Get.
7, 1882
18, 894, 800
18, 732, 000
249, 136, 800
268, 031,600
47,016, 000
18, 384, 500
65, 400, 500
24. 03
Get.
14, 1882
219, 629, 700
268,361,700
48, 281,000
18, 002, 700
66, 283, 700
24.70
Get.
21,1882
18,749,400
247, 974, 400
266, 723, 800
49,518, 200
17, 023, 900
66,542, 100
24.97
Oct.
28, 1882
18, 764, 500
247, 575, 400
266, 339, 900
48, 374, 200
17, 204, 700
65, 578, 900
24. 77
Sept.
1, 1883
15, 622, 600
269, 961,900
285, 584, 500
53, 529, 000
21, 729, 000
75, 258, 000
26. 35
Sept.
8, 1883
15, 527, 0U0
268. 805, 500
2.-4, 332, 500
52, 601,400
21,074,500
20, 662, 700
73, 675, 900
25. 91
Sept.
15, 1883
15,519, 700
272, 325, 100
287, 844, 800
53, : 97, 400
74, 060,100
25. 73
Sept.
22, 1883
15, 394, GOO
271, 728, 200
287, 122, 800
49, 360, 600
22, ‘443, 300
71, 80.3, 900
25.01
Sept.
29, 1883
15, 184. 800
208, 496, 600
283, 681,400
50, 067, 900
20, 506, 800
70, 634, 700
24. 90
Get.
6, 1883
15,069, 100
265, 592, 500
280, 661, 600
51, 586, 700
20, 122, 500
71, 709, 200
25.51
Oct.
13, 1883
15,164,200
268, 942, 000
284, 106, 200
50, 894, 000
21, 145, 800
72, 039, 800
25. 36
Oet.
20, 1883
15, 252. 900
262, 535, 700
2,38, 589, 600
277, 888, 600
47, 262, 900
40, 372, 800
20, 719, 700
67, 982, 600
24.47
Oct.
27, 1883
15, 336, 200
273, 925, 800
20, 617, 600
66, 990, 400
24.46
Sept.
Sept.
6, 1884
14, 221, 000
251, 527, 200
265, 748, 200
64, 899, 900
25, 060, 800
89, 960, 700
33 85
13, 1884
14, 132, 300
251, 654, 700
265, 787, 000
64, 288, 2‘(0
25. 191, 800
89, 480, 000
33. 67
Sept.
20, 1884
14, 081, 400
254, 141, 2(10
268, 222, 600
65, 409, 500
Gt, 302, 000
25, 268, 000
90, 077, 500
33. 81
Sept.
27, 1884
14, 083, 300
252, 7 (35, 5U0
266, 848, 800
25, 375, 700
25, 817, 300
89, 677, 700
33. 61
Oct.
4, 1884
13, 578, 400
25 i, 696, 800
270, 275, 200
67, 470, 600
93, 287, 900
34.52
Oct.
11, 1884
12, 884, 700
261, 801, 600
274, 686, 300
68, 922, 500
67,579,400
67, 638, 000
27, 654, 100
27, 875, 500
96, 576, 600
35.16
Oct.
18, 1884
12, 752, 700
201, 527, 700
274, 280, 400
274, 316, 300
95, 454, 900
34.80
Oct.
25, 1884
12, 910, 900
261,405, 400
27, 354, 200
94, 992, 200
34.63
Sept.
5, 1885
9, 704, 700
321, 859, 000
331, 563, 700
102, 921, 100
100, 255, 300
28, 701, 900
131, 623, 000
39. 70
Sept.
12, 1885
9, 753, 300
320, 910, 000
330, GG3, 300
28, 842, 300
129, 097, 600
39.04
Sept.
19, 1885
9, 735, 800
319, 000, 800
328, 796, 600
97, 333, 200
27, 002, 800
124, 996, 000
38. 01
Sept.
20. 1S85
9, 808, 000
310, 767, 000
32G, 575, 000
95, 037, 900
26, 014, 800
121, 032, 000
HO, 868, 200
37. 07
Oct.
3, 1885
9, 902, 900
315, 002, GOO
324, 905, 500
92, 351, 600
24, 516, 600
35. 97
Oct.
10, 1885
9, 921, 200
315, 596, 200
325,517,400
93, 042, 500
23, 002, 000
116, 644, 500
35.83
Oct.
17, 1885
9, 954, 000
317, 296, 700
327, 250, 700
91, 945, 300
22, 221, 100
114, 166, 400
34. 89
Oct.
24, 1885
10, 006, 000
313, 767, 200
323, 773, 200
323, 389, 500
87, 309, 100
21, 059, 800
108, 368, 900
33.47
Oct.
31, 1885
9, 989, 800
313, 399, 700
84, 954, 600
21, 874, 900
106, 829, 500
33. 03
Sept.
4,1886
8, 039, 200
283, 366, 700
282,417, 800
291, 425, 900
•61, 371, GOO
19, 071, 400
80,443,000
27. 60
Sept.
11,1886
8, 058, 000
290, 475, 800
63, 403, 700
16, 929, 300
80, 333, 000
27.66
Sept.
18, 1886
8, 104, 800
281, 466, 500
289, 571, 300
63, 823, 900
15, 876, 700
79, 700, 600
27. 52
Sept.
25, 1886
8, 136, 100
283, 170, 900
291, 307, 000
66, 714, 600
64,111,700
15, 252, 200
81, 906, 800
28. 14
Oct.
2. 1886
8, 161, 800
282, 295, 800
290, 457, 600
14, 607, 700
13, 069, 500
78, 719, 400
27.10
Oct.
9, 1886
8,110, 700
* 8, 215, 900
281, 170, 758
289, 281, 458
65, 090, 900
78, 160, 400
27. 02
Oct.
16, 1886
295, 713, 900
303, 929, 800
65, 028, GOO
13, 133, 100
78, 161, 700
25.72
Oct.
23, 1886
8, 246, 400
283, 693, 500
291, 939, 900
65, 668, 4U0
12, 803, 800
78, 472, 200
26. 88
Oct.
30, 1886
8, 234, 900
284, 522, 500
292, 757, 400
66, 183, 100
13, 177, 200
79, 365, 300
27. 11
Sept.
3, 1887
8, 112, 000
281, 345, 100
289, 457, 100
59, 175, 700
58, 851, 300
18, 780, 100
77, 961, 800
26. 93
Sept. 10, 1887
8, 115, 600
279, 915, 600
288, 031, 200
17, 769, 000
16, 389, 600
76, 620, 300
26.60
Sept.
17, 1887
8, 126, 000
279, 288, 500
287, 414, 500
59, 052, 900
75, 442, 500
26. 25
Sept.
24, 1887
8, 235, 30C
8, 202, 500
278, 573, 000
286, 808, 300
60, 635, 900
16, 259, 600
76, 895, 500
26. 81
Oct.
1, 1887
281, 647, 300
289. 849, 800
64, 619, 200
15, 767, 500
80, 386, 700
27.73
Oct.
8, 1887
8, 186, 800
285, 703, 700
289,861,5 0
293, 890, 500
64, 317, 500
16, 269, 700
80. 587, 200
27. 42
Oct.
15, 1887
8, 199, 100
298, 060, 600
64, 663, 100
16, 885,400
81, 548, 500
27.36
Oct.
22, 1887
8,210,200
289, 542, 800
297, 759, 000
64, 918, 700
66, 005, 800
16, 735, 800
17, 542, 400
81, 654, 500
27.42
Oct.
29, 1887
8, 115, 100
289, 6 il, 900
297, 717, 000
83, 548, 200
28. 06
No v.
5, 1887
8, 046, 100
289, 954,700
298, O' 0, 8(10
64, 639, 800
17, 810, 700
82, 450, 500
27. 67
Nov.
12, 1887
8, 033, 700
288, 289, 700
296, 323, 400
63, 791, 600
18, 070, 800
81, 802, 400
27.63
230
REPORT OF THE COMPTROLLER OF THE CURRENCY,
State of the lawful-money reserve of the National Banks as
STATES AND
Dates.
No. of
banks.
Net deposits.
Reserve re-
quired.
1
Oct. 1, 1881
1,895
$507, 247, 143
$76, 196, 945
2
Dec. 31, 1881
1, 926
518, 701, 905
77, 809, 257
3
Mar. 11, 18SS
1,945
515,198,159
77, 283, 086
4
May 19, 1882
1,981
519, 247, 650
77, 891, 110
5
July 1, 1882
1,996
527, 588, 049
79, 142, 169
G
Oct. 3,1882
2, 026
545, 842, 660
81,880,361
7
Dec. 30, 1882
2,065
554, 245, 520
83, 140, 390
8
Mar. 13, 1883
2,097
550, 892, 283
82, 637,104
9
May 1, 1883
2, 128
556, 309, 464
83, 449, 581
10
June 22, 1883
2, 169
500, 731,879
84,112, 683
11
Oct. 2, 1883
2, 253
577, 880, 812
86, 685, 688
12
Dec. 31,1883.
2, 280
579,512,711
86, 930, 753
13
Mar. 7, 1884
2,314
573, 619, 524
86, 046, 715
14
Apr. 24, 1884
2,340
575, 995, 025
86, 399, 253
15
June 20, 1884
2, 376
544,660,331
81,699,019
1C
Sept. 30, 1884
2,417
535, 807, 406
80, 371, 110
17
Dec. 20, 1884
2,417
520, 283, 576
78, 042, 536
18
Mar. 10, 1885
2, 425
537,613,418
80, 642, 012
19
May 6, 1885
2, 432
640,281,214
81, 042, 182
20
July 1, 1885
2, 442
552, 190, 593
82, 829, 4b9
21
Oct. 1, 1885
2,467
570, 838, 327
85, 625, 749
22
Dec. 24, 1885
2, 485
580, 879, 155
87, 131,873
23
Mar. 1, 1886
2,518
596, 051, 483
89, 407, 722
24
June 3,1886
2, 552
611,733,799
91, 760, 069
25
Au". 27, 1886
2, 589
623, 886, 736
93, 583,010
20
Oct. 7, 1886
2, 590
637, 5G4, 136
95, 634, 620
27
Dec. 28, 1886
2,612
651,697,492
97, 754, 624
28
Mar 4, 1887
2, 044
675, 355, 824
101,303, 374
29
May 13. 1887
2, 676
682, 845, 855
102, 426, 878
30
Aug. 1, 1887
2, 724
682, 963, 777
102, 444, 566
31
Oct. 5, 1887
2. 750
690, 622, 007
103, 593, 301
RESERVE
1
Oct.
1, 1881
237
604, 438, 599
577, 163, 351
564, 058, 531
590, 883, 075
604, 391, 647
572, 791, 257
505, 948, 445
151,109,650
144, 290, 838
141,014, 632
147, 720, 769
151,097,911
2
Doc.
31, 1881
238
3
4
Mar.
May
J uly
Oct.
Hi 1882
19, 1882
212
242
5
1, 1882
243
6
3, 1882
243
143, 197; 814
141,487,111
139, 857, 768
142, 066, 886
7
Dec.
30, 1882
243
8
Mar.
13, 1883
246
539, 431, 070
568, 267, 546
9
May
June
1, 1883
247
10
22, 1883
248
611,259,171
590, 785, 930
612, 621,435
152; 814; 793
147, 696,483
153, 155, 359
11
Oct.
2, 1883
248
12
Dec.
31, 1883
249
13
Mar.
7, 1884
249
642; 682; 644
620, 221, 832
534, 629, 050
502, 888, 105
588, 299, 710
026, 61 0, 971
160, 670, 660
14
Apr.
J une
24, 1884
249
155, 055, 456
15
20, 1884
249
133, 657, 263
16
Sept.
Dec.
30, 1884
217
140, 722, 026
147, 074, 927
17
20, 1884
247
18
Mar.
10, 1885
246
150, 654, 242
19
May
6, 1885
24G
044, 259, 607
161, 064, 902
167, 299, 805
169, 333, 265
20
July
Oct.
1, 1885
247
669, 199, '21 4
677, 3.33, 060
21
1, 1885
247
*>9.
Dec.
24, 1885
247
066, 672, 097
166, 668, 024
175,304, 031
23
Mar.
1, 1880
250
701, 576; 125
24
June
3, 1886
2V7
683, 992, 858
170, 998,214
25
Aug.
27, 1886
260
656, 759, 355
164, 189, 838
20
Oct.
7, 1880
262
061, 245, 121
166, 061,280
27
Dec.
28, 1880
203
205
071, 648, 508
712, 504, 320
721,809,242
167, 912, 127
28
Mar.
4, 1887
178,126,082
29
M ay
A tig.
13, 1887
279
180, 467, 310
30
1, 1887...
290
700, 708, 847
176, 677,212
31
Oct.
5, 1887
293
097, 767, 889
174, 441, 972
REPORT OF THE COMPTROLLER OF THE CURRENCY. 231
SHOWN BY THKIR REPORTS FROM OCTOBER 1. 1881, TO OCTOBER 5. 1887.
TERRITORIES.
Reserve held.
Classification of reserve held.
Amount.
Ratio
to liabili-
ties.
Specie.
Legal
tenders.
United States
certificates of
deposit.
Dne
from reserve
agents.
Redemp-
tion fund with
Treasurer.
$158, 299, 042
31.2
$27, 509, 821
$26, 473, 002
$620. 000
$92, 335, 036
$11,361,183
1
159, 000, 717
30.7
30, 283, 767
28, 905, 001
• 595,000
H7, 745, 656
11,531,293
2
150, 725, 091
29.3
29, 101, 734
26, 897, 094
010, 000
82, 599, 924
1 1, 455, 739
3
154, 770, 359
‘29.8
30, 030, 477
28, 100, 627
535, 000
84, 721, 969
11, 322, 286
4
151, 90S, 107
28. 8
30, 089, 064
26, 857, 020
620, 000
83, 221, 970
11, 119,453
5
150,351,513
27. 5
30, 024, 289
28,318, 646
610, 000
80, 004, 196
11,334,382
0
158, 832, 406
28.7
31, 095, 496
31,038,111
035, 000
84, 783, 917
11,279, 882
7
155, 131, 167
28. 2
30, 072, 360
28, 871, 031
565, 000
84, 431, 394
11,191,382
8
148, 836, 606
26.7
31,414, 155
30, 307, 252
585, 000
75, 216, 795
11,253,404
9
157, 728, 089
28. 1
31,055,220
29, 053, 1 16
575, 000
85, 825, 601
11,219, 153
10
157, 493, 584
27. 2
31,253, 194
30, 245, 600
585, 000
84, 119, 738
11, 290, 052
11
107, 741, 090
28.0
33, 178. 829
32, 695, 299
610, 000
88, 057, 473
11, 200, 089
12
107, 008, 072
29. 1
33, 471, 053
29, 859, 218
595, 000
92, 207, 704
10, 815, 097
13
162, 460, 004
28.2
36, 352, 684
30, 944, 464
550, 000
83, 064, 701
10, 954, 155
14
145, 997, 562
20.8
30, 407, 051
31, 448, 254
575, 000
66, 843, 814
10, 723, 443
15
156, 304. 733
29. 2
35, 238, 175
30, 392, 840
500, 000
79, 652, 119
10, 521, 599
10
161, 804, 287
31. 1
34, 587, 231
29, 943, 391
565, 000
86, 489, 195
10, 279, 470
17
175, 030, 558
32. 0
38, 852, 092
30, 134, 197
665, 000
95, 289, 830
10, 088, 839
18
171, 011, 833
31.0
40, 736, 609
29, 508, 030
035, 000
89, 991, 054
10, 141, 074
19
170, 245, 483
30.8
40, 065, 040
27, 473, 329
635, 000
92, 068, 593
10, 002, 921
20
177, 470, 804
31. 1
41,467, 335
29, 375, 936
500, 000
95, 954, 541
10, 172, 992
21
181, 357, 249
31.2
42, 195, 802
28, 898, 910
530, 000
99, 687, 905
10, 044, 572
22
161, 591, 775
30.4
45, 138, 994
27, 257, 991
475, 000
98, 901, 439
9, 818, 351
23
181, 552, 618
29. 6
49, 082, 209
29, 256, 191
405, 000
93, 459, 713
9, 289, 535
24
188. 847, 780
30.2
47, 370, 313
28, 214, 619
460, 000
103, 642, 532
9, 160, 322
25
180, 191, 889
29. 2
47, 824, 907
29, 672, 277
460, 000
99, 493, 068
8, 741, 577
20
192, 278, 974
29. 5
50, 326, 819
31, 879, 137
500, 000
101, 746, 037
7, 820, 981
27
203, 307, 527
30.1
50, 884, 172
30, 643, 368
555, 000
113, 943, 928
7, 281, 059
28
198, 863, 737
29. 1
51, 145, 531
32, 418, 634
545, 000
107, 857, 035
6, 897, 537
29
189, 537, 562
27.7
48, 955, 455
30, 878, 291
470, 000
102, 597, 807
6, 630, 009
30
190, 919, 164
27.0
50, 821, 078
32, 129, 936
475, 000
100, 879, 879
0, 613, 271
31
CITIES.
163, 348, 053
27.0
85, 162, 735
26, 677, 602
6, 120, 000
40, 633, 147
4, 754, 569
1
161, 410, 332
28.0
82, 253, 632
31, 188, 493
7, 335, 000
35, 784, 810
4, 848, 397
2
157, 802, 939
28. 0
79, 620, 297
29, 725, 298
8, 835, 000
34, 852, 796
4, 769, 548
3
172. 827, 165
29. 2
81, 177, 310
37,797,247
9, 850, 000
39, 467, 976
4, 534, 632
4
167, 963, 478
27.8
80. 751, 158
37, 153, 139
10, 425, 000
35, 233, 042
4, 461, 139
5
153, 557, 856
26.8
72, 883, 489
34, 994, 871
8, 035, 000
33, 213, 032
4, 481, 464
6
162, 387, 772
28.7
75, 331, 663
37, 4)0, 310
7, 840, 000
37, 282, 190
4, 493, 609
7
118, 706, 922
26.0
67, 890, 006
31, 977, 037
7, 840, 000
36, 592, 761
4,407, 118
8
156, 419, 122
27.5
72. 193, 111
37, 889, 216
7, 835, 000
34, 090, 027
4, 411, 768
9
181,362, 295
30.2
84, 299, 176
44, 779, 342
10, 070, 000
40, 821, 353
4, 392, 424
10
171, 448, 008
29.0
76, 564, 789
40, 437, 397
9, 375, 000
40, 798, 990
4, 271, 832
11
182, 221, 554
29. 7
81, 097, 329
47, 864, 497
10, 230, 000
38, 942, 133
4, 087, 595
12
198, 511, 843
30.9
88, 609, 073
45, 987, 877
13, 450, 000
46, 437, 308
4, 027, 585
13
179, 371, 793
28.9
78, 392, 023
46, 768, 164
11, 440, 000
38, 827, 197
3, 944, 410
14
160, 231, 029
30.0
73, 254, 631
45, 468, 958
9, 295, 000
28, 403, 338
3, 809, 102
15
189, 850, 706
33.7
93, 371, 299
46, 651, 819
13, 700, 000
32, 340, 900
3, 786, 688
16
208, 349, 105
35.4
105, 159, 848
46, 426, 164
13, 475, 000
34, 672, 781
3, 615, 312
17
235, 974, 313
37.7
128, 263, 181
40, 883, 125
22, 095, 000
41, 172, 443
3, 560, 564
18
247, 455, 612
38.4
136, 678, 750
47, 828, 963
18, 500, 000
40, 912, 049
3, 535, 850
19
256,223, 121
38. 3
137, 546, 852
52, 228, 023
2-\ 285,000
40, 661, 809
3, 501, 437
20
237. 894, 9S9
35. 1
133, 405, 237
40, 362, 183
18, 300, 000
42, 402, 609
3, 424, 960
21
215, 991, 777
32.4
123, 158, 550
38, 080, 550
11, 235, 000
39, 551, 479
3, 360, 192
22
225, 227, 964
32. 1
126, 476, 925
39, 756, 895
11, 955, 000
43, 904, 247
3, 134, 897
23
212. 639, 672
31.0
108, 377, 660
50, 400, 597
11, 385, 000
39, 567, 423
2, 908, 991
24
187. 891, 591
28.6
101, 630, 179
35, 825, 132
7, 655, 000
40, 072, 689
2, 708, 591
25
190, 985, 722
28.7
108, 562, 730
33, 140, 045
5, 395, 000
41,271,509
2, 616, 438
26
200,813, 518
29.9
116, 656, 737
35, 860, 691
5, 695, 000
40, 371, 942
2, 229, 148
27
214, 686, 473
30. 1
120, 794, 734
35, 584, 790
7, 090, 000
49, 217, 253
1, 999, 696
28
212, 950, 477
29.5
116, 170, 136
47, 176, 454
7, 480, 000
40, 210, 839
1, 913, 048
29
206, 466, 135
29.2
116, 148. 755
43, 599, 051
7, 340, 000
37, 672, 349
1, 705, 980
30
203, 291, 575
29. 1
114, 264, 376
41, 621, 319
5, 715, 000
39, 993, 709
1, 697, 171
31
I
1
2
3
1
2
3
4
5
G
7
8
9
10
11
12
«. 13
..14
• 15
16
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
1G
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
30
37
38
39
40
41
42
43
44
45
40
47
J
i
REPORT OF THE COMPTROLLER OF THE CURRENCY.
;a\vful-Moxey Reserve of the National Banks as shown by the Reports
Cities, States, and Territories.
No. of
banks.
Deposits.
\
Reserve re-
quired (25
per cent.).
Reserve
held.
Ratio ot
reserve.
New York City
47
$284, 339, 105
64, 64G, 938
10, 297, 188
$71, 084, 776
16, 161, 735
2, 574, 297
$80, 114, 690
19, 739, 388
2, 722, 864
Per ct.
28. 18
Chicago
18
30. 53
Saint Louis
5
26.44
Totals of central reserve cities. .
70
359, 283, 231
89, 820, 808
102, 570, 942
28. 55
Boston
54
92, 113, 350
9, 728,^34
81, 642, 059
26, 797, 251
18, 377, 726
0, 436, 273
10, 491, 129
7,456, 084
25, 396, 147
10, 915, 115
12, 652, 175
5, 874, 862
23, 028, 337
2, 432, 233
20, 410, 515
6, 699, 313
4, 594, 432
1, 609, 068
2, 622, 783
1, 864, 021
6, 349, 037
2, 728, 779
3, 163, 044
1, 468, 715
3, 533, 974
650, 390
2, 580, 606
885, 917
25, 765, 696
3, 060, 840
25, 420, 214
7, 406, 295
5, 985, 381
2, 288, 808
2, 718, 929
1, 807, 035
7, 488, 305
2, 920, 125
3. 693, 684
27. 97
Albany
6
31. 36
Philadcipkia
43
31. 14
Pit tsburgh
23
27. 36
Baltimore
17
32. 57
Washington
7
35. 56
New Orleans
8
25. 91
Louisville
9
24.24
Cincinnati
15
29. 49
Cleveland
9
26. 75
Detroit
8
29. 19
Milwaukee
3
1, 752. 158
5, 182, 163
29. 82
Kansas City
fe
14, 135, 898
2, 601, 562
10, 322, 425
3, 543, 668
36. 66
Saint Josepli
2
' 670, 507
3, 221, 350
1, 283, 143
25. 77
Omaha
8
31.21
San F rancisco
3
36. 21
Totals of reserve cities
223
338, 484, 658
84, 621, 164
100, 714, 633
29. 75
Totals of all the reserve cities..
293
697, 767, 889
174, 441, 972
203, 291, 575
29. 12
Maine
72
10, 112, 332
6, 890, 484
6, 720, 560
54, 494, 538
15, 321, 123
24, 853, 986
88, 772, 384
39, 675, 377
71,985,304
15 per cent.
1, 516, 850
1,033, 573
1, 008, 084
8, 174, 181
2, 298, 168
3, 728, 098
2, 751, 943
2, 200, 846
1, 717, 275
14, 306, 786
27. 21
New Hamnshire
49
31.94
Vermont
49
25. 55
Massachusetts
198
26. 25
Rhode Island
Cl
3i 698; 768
7, 403, 931
22, 203, 218
10. 068, 633
20,718,933
1,230,916
1,819,234
366, 643
2, 304, 408
24. 14
Connecticut
83
29.79
New York
2G9
13; 315, 858
5, 951, 306
10. 797, 796
609,971
1, 005, 776
120, 876
1, 507, 282
456, 002
527, 707
24.94
New Jersey
81
25. 38
Pennsylvania
237
28. 78
Delaware
17
4, 066, 472
6, 705, 176
805, 844
10, 648, 550
3, 040,011
3,518, 049
3, 865, 578
4, 926, 282
1,532,936
5, 772, 056
1,245, 493
30. 27
Maryland
31
27. 13
District of Columbia
1
45. 74
Virginia
25
21.64
West Virginia
20
920, 130
30. 27
North Carolina
18
937; 034
1, 073, 573
1, 273, 987
340, 250
1, 355, 976
444, 159
26. 63
South Carolina
15
579, 837
738, 942
229, 940
865, 808
180,824
124,716
27. 77
Georgia
21
25. 86
Florida
8
22. 20
20
23.49
12
85. CO
Louisiana
f)
831, 412
13,308, Oil
2,412,782
11,257,769
12, 491,787
222, 949
4, 56.’, 972
600, 520
26. 81
91
2, 005, 202
361,917
34. 13
20. 76
Kentucky
59
1,688, 6C5
2, 967, 876
2, 661,738
1 1, 512,506
26. 33
Tennessee
40
1,873, 768
21. 30
Ohio
192
93
40, 805, 984
25, 191, 133
6, 120, 898
28.21
Indiana
3, 778,670
8, 138, 062
12, 208, 959
5, 580, 859
3, 537, 470
5, 758, 164
0, 972, 392
32. 31
Illinois
160
35; 235, 878
23, 095, 161
12, 851, 562
19, 687,484
30, 165, 674
4, 442, 271
5, 285, 383
34. 65
Michigan
100
3, 464, 274
24. 18
Wisconsin
Iowa
53
128
1,927,734
2, 953, 122
27. 53
29. 25
Minnesota
58
35
4, 524, 851
23.10
Missouri
666,341
1,611,121
36. 27
Kansas
139
17, 483, 905
2, 022, 586
5; 515, 220
2,510,413
31.54
Nebraska
95
9, 043, 345
16, 160, 701
1,491,502
25. 25
Colorado
31
424, 865
5, 681,788
35. 15
2
455, 059
08, 259
62, 1 89
13. 67
California
30
19, 568, 215
0,011, 638
194,627
5, 935, 815
2, 935, 237
6,817; 822
34. 84
Oregon
23
901, 746
1,222, 806
33, 027
20. 34
1
29, 194
16. 85
Dakota
02
890, 372
1, 333, 444
22.46
G
570, 500
85, 575
115,972
20. 33
17
q
8, 196, 546
1, 229, 482
1,814,347
382, 862
757, 357
810, 190
22.14
1, 583, 2i 9
2, 423, 687
3, 618, 190
2117 482
04 12
Utah
7
18
363; 553
542, 730
81.25
22. 39
8
1 , 082, 048
252, 307
483, 340
28. 74
2,750
690, 622, 007
103, 593, 301
190,919, 164
27. 64
3, 049
1,388, 389, 896
278, 035, 273
894,210,739
28. 39
REPORT OF THE COMPTROLLER OF THE CURRENCY. 233
of their Condition at the close of Business on October 5, 1887.
Cash reserve. I Classification of reserve held.
Required.
Held.
Specie.
Legal
tenders.
United States
oertifloates of
deposit
Dne from re-
serve agents.
Redemption
fund with
Treasurer.
$70, 662, 876
$79, 692, 790
$63, 622, 929
$14, 464, 861
$1, 605, 000
$421, 900
16, 114, 485
19, 692, 138
12, 958, 418
6, 623, 720
110, 000
47, 250
2, 542, 352
2, 690, 919
1, 338, 040
1, 212, 879
140, 000
31, 945
89, 319, 713
102, 075, 847
77, 919, 387
22, 301, 460
1, 855, 000
501, 095
11, 291, 253
12, 395, 938
9, 996, 676
2, 204, 202
195, 000
$12, 923, 926
445, 832
1, 190, 287
1, 234, 042
935, 192
98, 850
200, 000
1, 765, 140
51, 058
10, 143, 691
17, 123, 368
11, 558, 936
4, 334, 432
1, 230, 000
8, 173, 712
123, 134
3, 309, 946
4, 679, 331
2, 980, 318
1, 699, 013
2, 707,512
79, 422
2, 251, 092
3, 817, 282
2, 130. 100
877, 182
810, 000
2, 075, 849
92, 250
791, 113
1, 612, 930
945, 334
587, 596
80, 090
649, 037
26,841
1, 281, 016
2, 071, 948
776, 215
1, 295, 733
580, 231
60, 750
916, 147
1, 054, 501
4, 632, 417
262, 254
792, 247
720, 807
31, 727
3, 096, 184
663, 168
2, 039, 249
1, 330, 000
2, 099, 218
156, 670
1, 351, 027
1, 714, 379
818, 379
881, 000
15, 0t/0
1, 179, 021
26, 725
1, 572, 522
1, 896, 083
1, 064, 667
831, 416
1, 779, 601
18, 000
727, 607
1, 001, 693
532, 678
529, 015
676, 965
13, 500
1, 759, 112
2, 913, 519
1, 486, 764
1, 420, 755
2, 252, 894
15, 750
322, 361
367, 094
156, 384
210. 710
297, 746
5, 067
1, 283, 103
1, 853. 139
947, 445
905, 694
1, 353, 811
14,400
426, 083
1, 097, 184
1, 090, 479
6, 705
152, 209
33, 750
41, 712, 544
59, 524, 848
36, 344, 989
19, 319, 859
3, 860, 000
39, 993, 709
1, 196, 076
131, 032, 257
161, 600, 695
114, 264, 376
41, 621, 319
5, 715, 000
39, 993, 709
1, 697, 171
511, 289
912, 926
693, 630
219, 296
1, 600, 389
238, 628
341. 916
516, 527
394, 034
122, 493
1, 505, 536
178, 783
338, 472
562, 093
387, 694
174, 399
993, 278
161, 904
2, 838, 288
4,461, 264
1, 185, 839
3, 047, 953
1,221,311
195, 000
8, 764, 061
1, 078, 401
827, 529
675, 492
510, 347
2, 283, 584
229, 345
1, 326, 048
2,439,398
1, 748, 295
691, 103
4, 551, 554
412, 979
4, 979, 152
8, 393, 416
5, 199, 687
2, 953, 729
240, 000
12, 941, 823
867, 979
2, 258, 258
3, 670, 113
1, 852, 444
1, 807, 669
10, 000
6, 092, 859
305, 661
4, 050, 6G8
215, 280
7, 712, 047
423, 892
4, 774, 820
2, 927, 227
10, 000
12, 335, 759
671,129
273, 639
140, 253
10, 000
735, 252
71,772
377, 683
818,488
440,975
377, 513
939, 178
61,568
43, 850
273, 799
108,659
105, 140
81,594
11,250
615, 015
1,361,274
606, 840
754, 434
883, 479
59, 745
170,211
194, 582
525, 018
275, 962
249, 046
364, 638
30, 474
449, 462
195, 240
254, 222
446, 321
41,251
2"0, 930
795, 982
325, 301
470, 681
250, 078
27, 513
277, 784
1,013,432
547, 216
466, 116
216, 072
44,483
88, 727
223, 202
107, 762
115, 440
108, 920
8, 122
331, 190
776, 773
293, 961
305, 449
411,324
541,371
37, 832
69, 885
153, 407
140, 554
138, 086
12, 112
47, 637
161,440
99, 713
61,733
55, 879
5,624
760, 480
3, 076, 721
1,256,595
1,820, 126
1, 382, 250
104,001
137, 612
262, 980
166, 680
96, 300
219, 653
17, 887
615, 638
1,089, 635
556, 56 1
533, 074
1,728, 671
149, 570
723, 922
1, 584, 927
6, 200, 495
863, 549
721,378
1,012, 847
63, 964
2. 276, 635
2, 923, 050
3,277, 439
4, 882, 761
429,310
1,4-29,151
4,479,101
4, 524, 032
'2, 501, 486
1, 977, 015
3, 453, 169
205, 792
2, 029,717
2, 692, 576
1, 821, 456
10, 000
7, 473, 837
211,090
1,331,950
2, 489, 627
1,635,912
853,715
2, 962, 832
134, 400
746.911
1,477, 761
995, 860
481, 901
1, 999, 253
60, 456
1, 127, 322
2, 53 1, 893
1, 540, 458
991,435
3, 091,454
134,817
1, 778, 613
252, 451
3, 353, 338
2, 337, 278
966, 060
3, 540, 735
78,319
626, 106
324, 023
302, 143
949, 742
35, 213
1, 002, 963
2, 668, 425
1, 460, 158
1,208, 207
2, 731,610
115,179
67, 665
569, 535
1,095,662
767, 474
328, 188
1,347, 086
952, 365
26, 629
2, 313,611
57, 487
1, 422, 990
57, 487
3, 571,927
890, 621
3, 324, 235
3,015
2, 850, 407
43, 942
1,687
47, 867
1, 154, 948
3, 919, 548
347, 621
349, 094
11, 228
980, 057
31,902
947, 474
19, 352
449, 654
38, 583
12, 550
207, 739
29,010
1, 125
43, 308
338,826
837, 643
387i 989
452, 493
32, 560
88, 563
48, 848
39, 715
23, 234
4, 175
483, 133
1, 384, 488
760, 193
624, 295
408, 209
21,650
90, 673
183, 766
99,513
84, 223
188, 297
10, 799
138,401
377, 740
307, 242
70, 498
362, 067
17,550
209, 966
545, 494
494,374
51,120
246, 883
17,813
96, 895
265, 600
236,016
29, 584
207, 677
10, 009
38, 792, 012
83, 426, 014
50, 821,078
32, 129, 936
475, 000
100, 879, 879
6, 613, 271
169, 824, 269
245, 026, 709
165, 085, 454
73, 751, 255
6, 190, 000
140, 873, 588
8, 310,442
1
2
3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
1
2
3
4
5
C
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
234 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of Reports of Earnings and Dividends of National Banks
States, Territories, and reserve cities.
No. of
banks.
Capital stock.
Surplus.
Capital and
surplus.
1
Maine
71
$10, 360, 000
$2, 373, 735. 09
$12, 733, 735. 09
2
New Hampshire
49
6, 155, 000
1, 397, 072. 60
7, 552, 072. 60
is
Vermont
49
7, 691,000
1, 548, 346. 50
9, 239, 346. 50
4
Massachusetts
195
45, 090, 500
13, 820, 321. 58
58,910, 821. 58
5
Boston
54
50, 950, 000
11,651,206. 03
62, 601, 206. 03
6
Rhode Island :
61
20, 334, 050
4, 146, 355. 82
24, 480, 405. 82
7
Connecticut
84
24, 671, 820
6, 960, 034. 71
31, 631, 854. 71
Division No. 1
5C3
165, 252, 370
41, 897, 072. 33
207, 149, 442. 33
8
New York
268
35, 224, 850
9, 882, 105. 57
45, 100, 955. 57
9
Now York City
45
45, 150, 000
27, 523, 704. 21
72, 673, 704. 21
10
Albany
6
1, 750, 000
1, 240, 000. 00
2, 990, 000. 00
11
New Jersey
74
12, 293, 350
4, 214, 680. 08
16, 508, 030. 08
12
Pennsylvania
230
32, 875, 290
10, 880, 739. 38
43, 756, 029. 38
13
Philadelphia •
40
20, 359, 300
10,150, 902. 97
30, 510, 202. 97
14
Pittsburgh
23
10, 180, 000
4, 072,' •343. 05
14,25', 343. 05
Division No. 2
686
157, 832, 790
67, 964, 475. 26
225, 797, 205. 20
15
Delaware
16
2, 033, 985
771, 250. 00
2, 805, 235. 00
10
Maryland
28
2, 716, 700
880,778.11
3,597,478.11
17
Baltimore
17
11, 713, 260
3, 382, 029. 57
15, 095, 289. 57
18
District of Columbia
1
252, 000
GO, 000. 00
312,000. 00
19
Washington
6
1,325, 000
386, 500. 00
1,711,500.00
20
Virginia
25
3, 781, 300
1, 292, 015. 55
5, 073,315. 55
21
West Virginia
19
1, 861, 000
457, 840. 67
2, 318, 840. 67
Division No. 3
112
23, 683, 245
7, 230, 413. 90
30, 913, 658. 90
22
North Carolina
17
2, 376, 000
~ 532, 548. 83
2, 908, 548. 83
23
South Carolina
16
1, 798, 000
787, 680. 00
2, 585, 680. 00
24
Georgia
17
2, 736, 300
906, 832. 99
3,643, 132. 99
25
Florida
9
550, 000
46, 000. 00
590, 000. 00
20
Alabama
12
1,935,000
401, 159. 87
2, 336, 159. 87
27
Mississippi
8
650, 000
96, 288. 57
746, 288. 57
28
Louisiana
1
100, 000
11, 000. 00
111,000. 00
29
New Orleans
8
3, 425, 000
1, 165, 000. 00
4, 590, 000. 00
30
Texas
73
7, 459, 100
2, 289, 983. 56
9, 749, 083. 56
31
Arkansas
6
755, 000
212, 300. 00
967, 300. 00
32
Kentucky
59
9, 758, 900
2, 254, 089. 75
12, 012, 989. 75
Louisville
9
3, 551, 500
934, 003. 09
4, 485, 503. 09
34
Tennessee
34
5, 470, 140
1, 076, 307. 80
0, 552, 447. 80
Division No. 4
269
40, 570, 940
10,713, 194. 40
51, 284, 134. 46
35
Ohio
TstT
22, 249, 000
4, 905, 737. 57
27, 154,737.57
30
Cincinnati
13
9, 600, 000
1, 444, 000. 00
11,044, 000. 00
37
Cleveland
9
6, 600, 000
809, 000. 00
7, 409, 000. 00
33
Indiana
92
11,894, 500
3,436,825.19
15, 331, 325. 19
39
Illinois
153
14, 011, 500
4, 488, 954. 76
18, 500,454. 76
in
Chicago
15
13, 950, 000
3,715, 000. 00
17, 665, 000. 00
41
Michigan
97
10, 484, 600
2, 100, 215. 92
12, 584,815. 92
42
Detroit
7
3, 300, 000
424, 300. 00
3, 724, 300. 00
43
Wisconsin
47
3, 985, 000
1, 069, 668. 66
5, 054, 668. 66
44
Milwaukee
3
650, 000
390, COO. 00
1, 040, 000. 00
Division No. 5
622
96, 724, 600
22, 783, 702.10
119, 508, 302. 10
45
Iowa
126
10,140, 000
2, 504, 706. 98
12, 644, 706. 98
40
Minnesota
52
12, 305, 000
2, 301, 052. 39
14, 606, 052. 39
47
Missouri
39
5, 831, 000
873, 472. 29
6, 704, 472. 29
48
Saint. Louis
5
3, 000, 000
1,065, 000.00
4, 065, 000. 00
49
Kansas .’...
103
7,087, 100
1, 230, 209. 99
8, 317, 309. 99
50
Nebraska
89
7, 198, 175
1,322,568. 57
8, 520, 743. 57
Division No. 6
414
45, 561, 275
9, 297,010. 22
54, 858, 285. 22
51
Colorado
27
2, 435, 000
895, 500. 00
3, 330, 500. 00
52
Nevada
2
150, 000
30, 000. 00
180, 000.00
53
California
23
3, 080, 000
712, 96.3. 10
3, 792, 903. 10
51
San Francisco
3
2, 600, 000
253, 891. 24
2, 853, 891. 24
55
Oregon
17
1,285, 000
100, 850. 00
1, 385, 850. 00
Division No. 7
72
9, 550, 000
1, 993, 204. 34
11,543, 204. 34
REPORT OF THE COMPTROLLER OF TIIE CURRENCY
235
in the United States from September 1, 1886, to March 1, 1887.
Ratios.
Charged off.
Dividends.
Net earnings.
Dividend
to capital.
Dividend to
capital and
sin-plus.
Earnings to
capital and
surplus.
Premiums.
Losses.
$365, 000. 00
$225, 541. 40
Per cent.
3.52
Per cent.
2. 87
Per cent.
1.77
$20, 125. 22
$309, 914. 20
227, 050. 00
303, 594. 79
3. 09
3.01
4.02
32, 893. 79
14,241.33
263, 930. 00
340, 887.31
3.43
2. 86
3. 69
45, 776. 97
42,116.10
1, 551, 520. 67
1, 718, 388. 16
3. 44
2. 63
2. 92
159, 822. 19
388,117.51
1. 368, 863. 20
1,730, 927. 11
822, 894. 47
2. 09
2. 19
2. 70
203, 740. 74
474, 035. 10
90, 961. 15
642, 914. 00
3. 16
2. 03
3. 36
98, 369. 19
899, 202. 50
1, 034, 473. 73
3. 64
2. 84
3.27
50, 302. 01
246, 858.10
5, 318, 480. 37
6, 176, 706. 97
3. 22
2. 57
2. 98
611,030.11
1, 020, 245. 58
1,334,190. 77
1, 990, 760. 07
3. 78
2. 90
4.41
97, 423. 51
350, 562. 87
2, 042, 562. 45
4, 274, 257. 49
4. 52
2.81
5. 88
53, 281. 16
8G7, 495.91
114, 700. 00
102, 653. 45
6. 55
3.83
5. 44
5, 625. 00
12, 034. 23
553, 982. 00
846, 138. 15
4. 50
3. 36
5. 05
40, 340. 89
111,781. 13
109, 208. 20
1, 015, 249. 10
2, 031, 672. 75
5. 00
3. 70
4.64
200, 871.25
829, 660. 00
1, 190, 054. 48
4.08
2. 72
3.92
103, 991.72
178, 227. 35
368, 750. 00
597, 527. 30
3. 62
2. 59
4. 19
1 1, 864. 09
57, 685. 09
6, 889, 094. 32
11, 099, 069.69
4. 36
3. 05
4.91
424, 307. 50
1,842,084.90
88, 929. 97
127, 390. 33
4. 37
3. 17
4. 54
1, ICO. 00
9,013.72
115, 577. 14
147, 984. 76
4. 25
3.21
4. 11
17, 092. 37
15, 482.51
421,571. 10
598, 248. 73
3. 60
2.79
3. 96
6, 438. 57
180, 185. 76
10, 080. 00
11,917.94
4. 00
3. 23
3. 82
2, 500. 00
2, 431.89
49, 375. 00
87. 807. 91
3.73
2. 88
5. 13
875. 00
7, 795. 93
138, 942. 00
205. 471. 82
3. 67
2. 74
4.05
13, 227. 63
68, 250. 83
72, 330. 00
73, 868. 49
3. 89
3.12
3. 19
3, 890. 57
10, 549. 07
896, 805. 21
1, 252, 689. 98
3. 79
2. 90
4. 05
45, 124. 14
293, 709. 74
93, 330. 00
121, 437. 30
3. 93
3.21
4.18
5, 050. 56
44. 844. 91
77, 350. 00
105, 323. 50
4.30
2. 99
4.07
28, 650. 00
24. 459. 10
101,875. 00
126, 933. 23
3.72
2. 82
3.48
12, 018. 13
15, 944. 30
25, 000. 00
36, 210. 08
4. 55
4. 19
6. 08
3, 496. 29
3,665 19
83, 000. 00
163, 170. 83
4.29
3.55
0.98
3, 000. 00
19, 352. 35
36, 500. 00
45. 168.40
5.62
4. 89
6. 05
235. 35
1, 131.25
4, 000. 00
4, 737. 52
4. 00
3. 64
4.31
1, 000. 00
187, 750. 00
200, 119.60
5. 48
4. 09
4. 36
7, 431.57
60, 929. 40
521, 596. 00
5.50, 151. 96
6. 99
5.35
5. 70
8, 943. 33
258, 309. 97
41,000.00
61,400.38
5. 43
4.24
6.35
1, 562. 50
4, 288. 02
371, 795. 00
439, 458. 39
3. 81
3. 09
3.66
67,893 71
63, 493. 95
133, 060. 00
132, 991. 49
3. 75
2.96
2. 96
31,007.23
30, 356. 30
250, 341. 66
373, 883. 99
4. 68
3.91
5. 71
2, 999. 32
59, 364. 45
1, 932, 597. 66
2, 3G7, 052. 67
4. 70
3. 77
4. 62
173, 287. 99
586,139.94
835, 724. 57
997, 330. 28
3. 76
3.08
3.67
70, 2G0. 58
218, 326.74
302, 500. 00
455, 546. 23
3.15
2. 74
4. 12
23,117.50
54,395.54
192, 000. 00
578, 180. 00
287, 995. 25
2.91
2. 59
3. 89
11,657.56
75,101.64
064, 637. 69
4. 80
3. 77
4. 34
59, 512. 79
86, 487. 32
092, 230. 00
97?, 487. 60
4. in
3. 74
5. 28
15, 106. 06
150, 443. 42
550, 000. 00
1,132,195. 30
3. 99
3. 15
C. 41
7, 845. 86
321, 085. 07
537, 261.86
690,571.41
5. 12
4.27
5.49
22,118.91
56, 185. 29
140, 000. 00
185, 7117. 07
4.24
3. 70
4.99
3, 312. 50
25,750. 09
194, 573. 02
289,310.21
4. 88
3. 85
5. 72
13, 562. 03
28,481.33
2G, 000. 00
54, 489. 02
4. 00
2. 50
5. 24
7, 700. 00
4,010. 58
4, 054, 468. 45
5, 735, 300. 66
4.19
3. 40
4. 80
234, 193. 79
1, 020, 2G7. 02
545, 250. 00
641,110. 20
5. 38
4.31
5. 07
28, 904. 50
99, 536. 23
524,150. 00
997, 235. 15
4. 26
3.59
6. 83
4,752.49
73, 743. 53
210,994. 33
391,494.24
3.72
3. 24
5. 84
22, 666. 30
20, 179.45
105, 000. 00
145, 039. 03
3. 50
2.58
3. 57
19, 026. 68
51,222. 93
412, 992. 90
747, 995.13
5. 83
4.97
9. 00
14, 198. 55
36, 641.06
385, 389. 15
613, 111.95
5. 35
4. 52
7. 22
35, 047. 60
52, 170. CG
2, 189, 776. 38
3, 535, 985. 70
4.81
3. 99
6. 45
124, 590. 24
333, 493. 80
193, 400. 00
303,911.43
7. 94
5. 80
9. 13
25, 216. 48
88, 695. 76
8, 000. 00
10, 403. 30
5. 33
4.44
5. 78
3, 752. 93
144. 625. 3G
26.3, 340. 88
4. 70
3.81
7.00
5,132. 85
41,394.10
52, 500. 00
77, 872. 88
2. 02
1.84
2.73
5, 000. 00
12, 354.51
64, 800. 00
131, 537. 42
5. 04
4. G8
9. 49
28, 528. 34
4, 357. 99
403, 325. 30
789, 065. 91
4. 80
3. 97
0. 83
64, 507. G7
150, 555. 35
8
9
10
11
12
13
14
15
10
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
46
47
48
49
50
51
52
53
54
55
236 REPORT OF THE COMPTROLLER OF THE CURRENCY,
Abstract of Reports of Earnings and Dividends of National Banks in
States, Territories, and reserve cities.
No. of
banks.
Capital stock.
Surplus.
Capital and
surplus.
56
Dakota
54
$3, 197, 000
$585, 087. 17
$3, 782, 087. 17
57
Idaho
6
350, 000
27, 129. 59
377, 129. 59
58
Montana
16
1, 875, 000
368, 250. 00
2, 243, 250. 00
59
Now Mexico
9
825, 000
168,208.81
993, 208. 81
60
Utah
7
850, 000
325, 250. 00
1, 175, 250. 00
61
Washington
18
1, 130, 000
188, 902. 02
1, 318, 902. 02
62
Wyoming
7
953, 550
190, 000. 00
1, 143, 550. 00
Division No. 8
117
9, 180, 550
1, 852, 827. 59
11,033, 377. 59
United States
2, 855
548, 355, 770
163, 731, 900. 20
712, 087, 670. 20
REPORT OF THE COMPTROLLER OF THE CURRENCY
237
the United States, from September 1, 188(3, to March 1, 1887— Conti mustl.
Dividends.
ltatius.
Charged off.
Net earnings.
Dividend
to capital.
Dividend to
capital and
surplus.
Earnings to
capital and
surplus.
Premiums.
Losses.
$115,590. 00
$226, 048. 83
3. 73
3. 17
6. 13
$11,472. 07
$40,484.50
50
15, 000. 00
23, 166. 84
4.29
3. 98
6. 14
1, 423. 36
:><
70, 400. 00
210, 977. 82
4.07
3.41
9.41
4,818.41
16, 952.40
58
58, 500. 00
49, 869. 57
7.09
5. 89
5. 02
459. 40
10, 784.43
59
39, 500. 00
72, 163. 10
4. 65
3. 36
6. 14
9, 695. 85
3, 096. 29
60
37, 550. 00
95, 506. 34
3.31
2. 85
7. 24
1,378.40
31,747.76
01
61, 500. 00
65, 184. 75
6. 45
5. 37
5. 70
10, 598. 07
1, 270. 16
02
404, 040. 00
742, 917. 25
4. 45
3.71
6.79
39, 845. 56
110, 935. 54
22, 148, 587. 75
31, 698, 794. 83
4. 04
3. 11
4.45
1, 716, 899. 00
5, 963, 431. 93
\
238 REPORT OF THE COMPTROLLER OF THE CURRENCY,
Abstract of Reports of Earnings and Dividends of National Banks
States, Territories, and reserve cities.
No. of
banks.
Capital stock.
Surplus.
Capital and
surplus.
1
Maine
72
$10, 385, 000
$2, 419, 208. 45
$12, 804, 208. 45
2
New Hampshire
49
6, 155, 000
1, 451, 240. 21
7, 606, 240. 21
3
Vermont
49
7,516, 000
1, 571, 125. 79
9, 087, 125. 79
4
Massachusetts
197
44, 815, 500
14, 148, 180. 64
58, 963, 680. 64
5
Boston
54
50, 950, 000
12, 377, 608. 09
63, 327, 608. 09
6
Rhode Island
61
20, 334, 050
4, 218, 358. 39
24, 552, 408. 39
7
Connecticut
84
24, 681, 820
6, 933, 068. 94
31, 614, 888. 94
Division No. 1
566
164, 837, 370
43,118, 790.51
207, 956, 160. 51
8
New York
269
34,790, 301
10, 058, 979. 68
44, 849, 280. 68
9
New York City
45
45, 150, 000
28, 825, 762. 28
73, 975, 762. 28
10
Albany
6
1,750, 000
1, 243, 000. 00
2, 993, 000. 00
11
New Jersey
75
11,928, 070
4,481,270. 18
16, 409,340.18
12
Pennsylvania
233
33, 350, 340
11,464, 029.91
44,814, 369.91
13
Philadelphia
41
21, 558, 000
10, 500, 803. 08
32, 058, 803. 08
14
Pittsburgh
23
10, 180, 000
4, 234, 877. 29
14, 414, 877. 29
Division No. 2
692
158, 706, 711
70, 808, 722. 42
229,515,433. 42
15
Delaware
17
2, 071, 985
799, 350. 00
2, 871, 335. 00
16
MarvlaDd
30
2, 766, 700
908, 392. 65
3, 675, 092. 65
17
Baltimore
17
11, 263, 260
3, 516, 510. 62
14, 779, 770. 62
18
District of Columbia
1
252, 000
60, 000. 00
312, 000. 00
19
Washington
7
1, 575, 000
481, 203. 75
2, 056, 203. 75
20
Virginia
25
3, 796, 300
1,414, 892.31
5,211, 192.31
21
West Virginia
20
1,891,000
463, 426. 19
2, 354, 426. 19
Division No. 3
117
23, 616, 245
7, 643, 775. 52
31, 260, 020. 52
22
North Carolina
18
2, 412, 280
544, 490. 66
2, 956, 770. 66
23
South Carolina
10
1,748,000
788, 800. 00
2, 536, 800. 00
24
Georgia
18
2, 818, 375
951, 731. 71
3, 770, 106.71
25
Florida
8
500, 000
60, 680. 00
560, 680. 00
26
Alabama
19
3, 166, 710
552, 903. 66
3,719,613. 66
27
Mississippi
10
775, 000
124, 368. 27
899, 368. 27
28
Louisiana
3
400, 000
30, 308. 44
430, 308. 44
29
New Orleans
8
3, 425,' 000
1. 199, 000. 00
4, 624, 0U0. 00
30
Texas
84
9, 150, 000
2, 460, 004. 69
11,610, 004.69
31
Arkansas
7
• 900, 000
111, 500. 00
1,011,500. 00
32
Kentucky
59
9, 808, 900
2, 299, 309. 43
12, 108, 209. 43
33
Louisville
9
3, 551, 500
945, 111. 62
4.496,011.62
34
Tennessee
39
7, 172, 250
1, 300, 757. 80
8, 473, 007. 80
Division No. 4
298
45, 828, 015
11, 368, 966. 28
57, 196, 981. 28
35
Ohio
187
22, 164, 000
5, 164, 608.76
27, 328, 608. 66
36
Cincinnati
13
9, 800, 000
1, 720, 000. 00
11,520, 000. 00
37
Cleveland
9
6, 700, 000
892, 000. 00
7, 592, 000. 00
38
Indiana
92
11,894, 500
3, 522, 593. 82
15,417,095. 82
39
Illinois
156
14,044,500
4, 547, 135. 69
18, 591, 635. 69
40
Chicago
16
14,310, 000
3, 987, 000. 00
18,297, 000.00
41
Michigan
97
10, 484, 600
2, 233, 096. 80
12, 717, 696. 80
42
Detroit
7
3, 300, 000
451,000. 00
3, 751, 000. 00
43
Wisconsin
50
4,195,000
1, 133, 583. 99
5, 328, 583. 99
’44
Milwaukee
3
650, 000
390, 000. 00
1,040, 000. 00
Division No. 5
630
97, 542, 600
24, 041, 020. 96
121, 583, 020. 90
45
Iowa
126
10, 085, 000
2, 600, 190. 52
12, 665, 190. 52
46
Minnesota
50
13, 040, 000
2, 378, 452. 39
15,418,452. 39
47
Missouri
31
2,281,000
553, 947. 48
2, 834, 947. 48
48
Saint Louis
5
3, 000, 000
1, 070, 000. 00
4, 070, 000. 00
49
Kansas City
5
3, 200, 000
397, 500. 00
3, 597, 500. 00
50
Saint Joseph
0
300, 000
108,000.00
406, 000. 00
51
Kansas
116
8,210,100
1,487,020. 17
9, 697, 120. 17
52
Nebraska
89
5, 640, OOO
897, 447. 84
6, 537, 447. 84
53
Omaha
8
2, 200, 000
570, 500. 00
2, 770, 500. 00
Division No. 6
- 4$8
47,956,100
10, 061, 058.40
58,017,158. 40
54
Colorado
28
2, 505, 000
928, 000. 00
3, 433, 000. 00
55
Nevada
‘)
150.000
40, 000. 00
190, 000.00
56
California
24
3, 350, 000
722, 550. 05
4, 072, 550. 05
57
San Francisco
3
2, 700, 000
259, 046. 02
2, 959, 046. 02
58
Oregon
19
1, 605, 000
150,850.00
1,755,850. 00
Division No. 7
76
—
10,310, 000
2, 100, 446. 07
—
12, 410, 446. 07
REPORT OF THE COMPTROLLER OP THE CURRENCY. 230
in the United States from March 1, 1887, to September 1, 1887.
Ratios.
Charged off.
Dividends.
Net earnings.
Dividend to
capital.
Dividend to
capital and
surplus.
Earnings to
capital and
surplus.
Premiums.
Losses.
$396, 800. 00
$496, 673. 25
3. 82
3. 10
3. 88
$67, 082. 03
$77, 650. 87
1
230’ 550. 00
318, 527. r2
3. 75
3.03
4. 19
37, 087. 90
49, 397. 27
*2
262! 930. 00
316,208.82
3. 50
2. 89
3.48
11, 963. 24
40, 284. 18
3
1, 545, 349 97
2, 234, 805. 99
3. 45
2. 62
3.79
268, 921. 46
725, 458. 69
4
1, 357, 200. 00
2, 084, 227. 12
2. 66
2. 14
3. 29
106, 499. 75
626, 289. 72
5
' 655! 289. 00
851,053.91
3. 22
2. 67
3.47
33, 023. 07
102,985. 53
6
907,' 668. 50
923, 224. 42
3.08
2. 87
2. 92
59, 867. 20
282, 140. 30
7
5, 355, 787. 47
7, 224, 781. 33
3.25
2. 58
3. 47
584, 444. 65
1,904, 206.62
1,466,840. 11
1, 902, 404. 04
4 02
3. 27
4.24
191,747. 83
493,015.42
8
2! 076, 100. 00
4, 176, 686. 48
4. 60
2. 61
5. 65
103, 677. 99
1, 006, 329. 84
9
66,500.00
130,899. 78
3. 80
2. 22
4. 37
2, 000. 00
7, 544. 43
10
562. 204. 00
818, 503. 19
. 4.71
3.43
4. 99
38, 241.22
197,711.99
11
1,243, 431. 68
1,678, 068. 88
3. 73
2. 77
3. 74
204, 908. 49
373, 050. 31
12
863, 560. 00
1, 181, 335. 68
4.01
2. 69
3. 68
30, 064. 55
261,677. 07
13
384, 750. 00
GG6, 642. 55
3. 78
2. 67
4.63
11, 155. 63
79, 225. 25
14
6, 663, 385. 79
10, 554, 740. 60
4. 20
2. 90
4. 60
581,795.71
2, 418, 554. 31
89, 948. 85
132, 161. 84
4.34
3.13
4. 60
9, 520. 99
1,993. 00
15
130, 418. 00
143, 835 01
4.71
3. 55
3.01
38,918.54
4, 520. 90
16
414, 192. 42
418, 941. 15
3. 68
2. 80
2. 83
21, 728. 85
213, 089. 76
17
10, 080. 00
11,542. 05
4. 00
3. 23
3. 70
12, 955. 78
18
49, 375. 00
99, 069. 54
3.13
2. 40
4.85
19, 870.49
19
140, 772. 00
212, 083. 65
3.71
2. 70
4. 07
26, 708. 12
28, 208. 96
20
65, 980. 0C
78, 891. 65
3.49
2. 80
3. 35
10, 160. 83
10, 763. 40
21
900, 766. 27
1, 097, 127. 89
3.81
2. 88
3. 51
119, 993. 11
278, 446. 51
73, 500. 00
107, 271. 10
3.05
2.49
3. 63
3, 200. 00
46, 9.77. 76
2»3
66, 870. 00
134, 734. 68
3.83
2. 64
5.31
38, 199. 82
39, 340. 36
23
162, 110. 00
207, 677. 07
5. 75
4.30
5. 50
1, 585. 87
34, 183. 85
24
24, 750. 00
41,470.25
4. 95
4. 42
7. 73
2, 874. 42
1, 180. 50
25
119, 500. 00
422, 578. 16
3.77
3.21
11.30
750. 00
26, 592. 14
26
22, 000. 00
80, 984. 80
2.84
2.45
9. 00
2, 593. 38
1,214. 45
27
12, 000. 00
34, 446. 53
3. 00
2. 79
8. 00
781. 22
1, 265. 60
28
121, 750. 00
221, 659. 00
3. 55
2. 63
4. 79
17, 750. 00
20, 419. 08
108, 633. 02
29
417, 472. 22
520, 681. 06
4.56
3. 60
4.54
355, 082. 74
30
131, 250. 00
79, b84. 54
14.58
12. 98
7. 88
5, 343. 75
8, 935. 73
31
390, 895. 00
435, 273. 97
3. 99
3. 23
3. 59
60, 437. 94
58,810. 95
32
133, 060. 00
142, 136. 63
3. 75
2. 96
3. 16
5, 131. 25
46, 856. 14
33
255,419. 00
543, 400. 09
3. 50
3.01
0.41
6, 784. 55
106, 735. 00
34
1, 930, 576. 22
2, 977, 997, 88
4. 21
3.38
5.21
165, 851. 28
835. 788. 84
906, 062. 83
1, 158, 200. 39
4.09
3. 32
4. 24
88, 618. 27
248, 133. 09
35
310, 000. 00
747, 769. 67
3.16
2. 69
6.49
12, 500. 00
40, 151 00
36
177. 000. 00
279, 666. 11
2. 64
2. 33
3. 68
4, 345. 00
82, 327. 62
37. 560. 86
37
498, 000. 00
644,259.21
4. 19
3.23
4.18
94,742.23
38
689, 935. 00
837,715. 65
4. 91
3.71
4. 51
44, 305. 29
159, 793. 09
39
007, 000. 00
1, 282, 847. 28
3. 54
2. 77
7.01
7, 337. 69
183, 049. 32
40
480, 130. 00
676, 148.4 4
4. 58
3. 78
5. 32
35, 504. 05
76, 727. 90
41
120, 000. 00
175, 574. 05
3. 64
3. 20
4. 68
937. 50
44, 143. 98
42
242, 575. 00
353, 019. 89
5. 78
4. 55
6. 63
16, 667. 73
13, 809. 69
43
42, 000. 00
58, 970. 87
0.46
4. 04
5. 07
20, 458. 69
5, 531. 32
44
3, 972, 702. 83
6, 214, 171. 56
4. 07
3. 27
5.11
313, 001. 84
909, 043. 08
504, 500. 00
663, 175. 22
5. 00
3.98
5. 23
26, 589. 59
66, 134. 98
45
596, 100. 00
665, 575. 01
4.57
3. 87
4.32
25, 371. 98
128, 223. 59
46
107, 258. 00
14-1, 393. 12
4.70
3.78
5.09
7, 216. 42
9, 860. 36
47
110, 000. 00
204, 349. 70
3. 67
2. 70
5. 02
375. 00
23, 143. 35
48
130, 000. 00
301, 860. 94
4. 06
3.61
8.39
812. 50
76, 788. 92
49
10, 000. 00
15,427. 23
3. 33
2. 40
3. 80
16, 336. 83
50
439, 553. 88
650, 553.45
5. 35
4.53
0.71
31, 790. 32
137, 747. 13
51
361, 539. 71
469, 560. 91
6. 41
5.53
7. 18
27, 295. 42
16, 797. 07
52
69,000 00
97, 482. 95
3. 14
2. 49
3. 52
4, 947. 50
5, 116. 80
53
2, 327, 951. 59
3, 212, 398. 53
4. 85
*4.01
5.54
124, 398. 73
480, 169. 03
206, 000. 00
289, 829. 86
8. 22
6.00
8. 44
17, 093. 12
104, 577. 19
54
6, 000. 00
12, 768. 39
4.00
3. 16
6. 72
200. 00
1, 700. 00
55
186, 500. 00
295, 467. 08
5. 57
4.58
7. 26
9, 962. 64
71, 085. 96
56
62, 500. 00
96, 041. 33
• 208, 016. 17
1.94
1.77
3. 25
2, 114. 60
21. 773. 60
57
52, 500. 00
3. 27
2. 99
11. 85
3, 971. 87
8, 349. 05
58
503, 500. 00
902, 122. 83
4.88
4. 00
7. 27
33, 342. 23
207, 485. 80
240 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of Reports ofr Earnings and Dividends of National Banks
States, Territories, and reserve cities.
No. of
banks.
•
Capital stock.
Surplus.
Capital and
surplus.
r.9
Dakota
60
$3, 587, 500
•
$663,481. 15
$4,250, 981.15
60
Idabo
6
350, 000
26. 845. 94
376, 845. 94
61
Montana
17
1,925, 000
412, 950. 00
2, 337, 950. < 0
62
New Mexico
9
850. 000
172, 671.46
1,0:2,671 46
63
Utah
7
850. 000
368, 000. 00
1,218, 100. 00
64,
Washington
18
1, 120 000
232, 456. 93
1, 362, 456 93
G5
Wyoming
8
1, 055, 000
235, 367. 80
1, 200, 367. 80
Division No. 8
125
9, 747, 500
2,111,773. 28
11, 859, 273. 28
United States
2, 942
558, 544, 541
171, 254, 553. 44
729, 799, 094. 44
I
f
REPORT OF THE COMPTROLLER OF THE CURRENCY
241
in the United States from March 1, 1887, to September 1, 1887 — Continued.
Dividends.
Net earnings.
Ratios.
Char
ged ofl'.
Dividend to
capital.
Dividend to
capital and
surplus.
Earnings to
capital and
surplus.
Premiums.
Losses.
$149. 000. 00
$136. 067. 57
4. 15
3.51
3. 21
$10, 159. 74
$121,215. 96
59
12, 744. 20
3. 38
1, 200. 71
8, 529. 39
GO
28, 6'>0. 00
ISO! 734. 54
1.49
1.23
7. 99
2, 846. 88
12, 172. 09
61
42, 1410. 00
37,740 31
4.94
4. 11
3. 69
1,483.41
12,777. 11
62
45, 500. 00
61.641 84
5. 35
3.74
5. 06
1, 773. 44
19, 868. 51
63
50,500 00
112 203. 52
4. 47
3.71
8.24
2, 507. 77
1, 307. 56
64
33, 500. 00
77, 602. 23
3. 18
2. 60
6. 01
428. 66
1, 462. 79
65
349,150.00
624, 734. 21
3.58
2. 94
5. 27
20, 400. 61
177,333.41
22, 003, 820. 17
32, 608, 074. 83
3.94
3. 01
4.50
1,943, 228.16
7,211,627. 60
16
S770 CUR 87
242 REPORT OF THE COMPTROLLER OF THE CURRENCY
Earnings and Dividends op the National Banks, Arranged bv Geographical
Divisions, for Semi-Annual Periods from September 1, I87es, to September
1, 1887.
Geographical divisions.
No.
of
banks
Capital.
Surplus.
1
Dividends.
Sept., 1878. to March, 1879:
New England States. ..
544
$165, 645, 820
$38, 037,115
$5, 295, 347
Middle States
030
173, 979, 676
50, 084, 782
6, 876, 398
Southern States
175
30, 882, 800
5, 240, 054
1,077,333
Western States
694
93, 905, 700
23, 382,183
4, 291, 976
Total
2, 043
464, 413, 99G
116,744,134
17,541,054
March, 1879, to Sept., 1879:
Now England States. ..
542
164, 450, 120
37, 441,984
5, 257, 526
Middle States
040
169, 645, 936
49, 779, 783
6, 690, 394
Southern States
175
30, 281, 800
5, 198.481
1, 056, 594
Western States
688
90, 754, 200
22, 729, 103
4, 397, 353
Total
2, 045
455, 132, 056
115, 149, 351
17, 401, 807
Sept., 1879. to March, 1880:
New England States . . .
546
104, 820, 020
37, 869,312
5, 409, 351
Middle States
640
109, 399, 170
51, 306, 583
7, 151, 166
Southern States
175
30, 432, 700
5,210,198
1,246,470
Western States
685
89, 428, 200
22, 840, 408
4, 314, 286
Total -
2, 040
454, 080, 090
117, 226, 501
18, 121,273
March, 1880, to Sept., 1880 :
New England States. . .
548
165, 380, 242
38, 450, 297
5, 858, 434
Middle States
654
169,343,870
52, 762, 674
7, 120, 204
Southern States
170
30, 423, 700
5,516, 335
23,416, 343
1, 139, 203
Western States
691
89, 007, 250
4, 172, 359
Total
2, 072
454, 215, 062
120, 145, 649
18, 290, 200
Sept., 1880, to March, 1881 :
New England States. . .
650
165, 623, 120
38, 944, 841
5, 900, 861
Middle States
657
170, 739, 045
53, 536,248
6, 974, 934
Southern States
178
30,448,700
5, 898,107
1,204,398
Western States
702
90, 034, 000
24, 102, 592
4, 737, 324
Total
2, 087
450, 844, 865
122,481,788
18, 877, 517
March, 1881, to Sept,, 1881:
Now England States. . .
550
165, 373,120
39, 878, 448
6, 005. 608
Middle States
660
171,560,315
55, 747, 501
7, 558, 407
Southern States
181
30, 973, 950
6, 530, 094
1,282,120
W estern States
7U9
91,027,100
25, 081, 751
4, 653, 833
Total
2, 100
458, 034,485
127, 238, 394
19,499,964!
Sept., 1881, to March, 1882 :
New England States. ..
553
102, 650, 870
40, 703, 770
5, 952, 275
Middle States
060
171,488,315
57, 470. 278
7, 367,409
Southern States
188
31, 672, 700
6. 928. 882
1,333, 715
Western States
730
94, 542, 600
20, 188, 953
5, 261, 976
Total
2,137
400, 354,485
131,291,889
19,915,375
March, 1882, to Sept., 1882:
Now England States ..
655
165, 515, 870
41,033, 290
5, 729, 842
Middlo States
678
173,270, 315
58, 491, OCT;
7, 191,528
Southern States
194
32, 212, 700
7, 503, 078
1, 289, 362
Western States
770
102, 918, 830
26, 542, 882
6, 602, 821
Total
2, 197
473, 947,715
133, 570, 931
20, 890, 553
Sept.. 1882. to March, 1883 :
New England States. . .
557
165, 653, 070
41, 341,246
5, 819, 093
Middlo States
687
174, 375, 472
62, 118,691
7, 542, 146
Southern States
207
33, 903, 000
8, 228, 3U9
1,405,019
Western States
810
109, 099, 800
25, 881, 846
5, 518, 814
Total
2, 267
483, 091, 342
137, 570, 105
20, 285,102
$3, 658, 989
5, 826, 662
961,731
4, 231, 275
Net earn-
ings.
14, 678, 660
4, 761,422
7, 128, 979
979,490
4, 003, 303
10, 873, 200
5,610, 287
9, 220. 826
1,278, 695
5, 042, 970
21,152, 784
7, 413, 622
9, 805, 448
1,434, 102
5, 380, 078
24, 033, 250
6, 757, 787
9,102, 771
1,905, 090
6, 025, 773
24, 452, 02!
8, 160, 022
11.925,781
2, 300, 624
6, 778, 112
Ratios.
a 12
'd'B*
•" «
> o
c "3 c rt
— a — a
« a - a •
a a ~ tia =
© ; — “ —
> « s
. . -f
— ci a
a © a
Pr. ct.
3.2
4.0
3.5
4.0
3.8
3.2
3.9
3.5
4.8
3.8
3.3
4.2
4.1
4.8
4.0
3.5
4.2
3.7
4.7
4,0
3.0
4. 1
4.2
5.3
4.1
3.6
4.4
4.1
5.1
Pr. ct.
2.6
3.1
3.0
3.6
Pr. ct.
1.8
2.0
2.7
3.6
3.0
2.0
3.0
3.0
3.9
3.1
2.7
3.2
3.5
3.8
3.2
2.9
3.2
3.2
3.7
3.2
2.9
3.1
3.5
4.2
3.3
2.9
3.3
3.4
3.9
4.3 3.3
7, 123, 339
10, 210, 873
1, 981, 220
7, 708, 601
3.7
4.3
4.2
5.6
2.9
3.2
3.5
4.3
27,083,599 | 4.3 j 3.4
6, 732, 530
9. 704, 251
2, 062, 960
7, 737, 893
3.5
2.8
4.1
3.1
4.0
3.2
6.5 j
5.1
20, 237, 035
2.5
2.4
3.2
2.7
3.5
3.0
2.8
4.2
3.6
4.5
3.7
3.6
4.1
4.0
4.8
4.2
3.3
4.1
5.
5.
4.2
4.0
5.3
0.1
5.8
5. 0
3.5
4.5
5.1
0.4
4.0
3.3
4.2
5.2
6.0
0, 200, 443
9, 900, 021
2, 198, 993
8. 133, 477
20, 432, 934
4.4
3.4
4.3
3.5
2.8
3.0
4.3
8.2
4.2
4.1
8. 3
5.2
5. 1
4.1
6. 0
4.2
3.3
4.2
C4 00
REPORT OF THE COMPTROLLER OF THE CURRENCY. 243
Earnings and Dividends of the National Banks, etc. — Continued.
Ratios.
Geographical divisions.
No.
of
banks
Capital.
Surplus.
Dividends.
Not earn-
ings.
Dividends to
capital.
Dividends to
capital and
sn rplus.
Earnings to
capital and
surplus.
March, 18S3, to Sept., 1883 :
New England States...
562
$166, 793, 070
$41,727,679
$5, 861, 182
$6, G51, 595
Pr. ct.
3.5
Pr. ct.
2.8
Pr. ct.
3.2
Middlo States
G98
173, 915, 465
03, 453, 454
7, 556, 795
1,415, 529
9, 960, 635
4. 3
3.2
4.2
Southern States
224
35, 685, 300
9, 084,011
2, 433, 336
8, 528, 648
4. 0
3.2
5.4
Western States
875
118, 246, 305
26, 907, 043
5, 500, 070
4.7
3.8
5.9
Total
2, 350
494, 640, 140
141,232,187
20, 393, 570
27,574,214
4. 1
3.2
4.3
Sept., 1883, to March, 1881 :
New England States. ..
565
167, 478, 070
41.863,161
5, 720, 356
6, 095, 915
3.4
2.7
2.9
Middle States
715
175,317,315
64,811,178
7, 639, 670
9, 529, 978
4.4
3.2
4. 0
Southern States
248
38,214,310
9,831,923
1,700, 113
2, 950, 096
4.4
3.5
6.1
Western States
063
126, 959, 605
29,041,587
G, 010, 067
9, 418, 775
4.7
3.9
6.0
Total
2, 491
507, 969, 300
145, GOO, 840
21, 082, 800
27,991,764
4. 1
3.2
4.3
March, 1884, to Sept,., 1884 :
New England States. . .
568
167, 600, 370
41,905,905
5, 551, 603
5, 738, 450
3.3
2. G
2.7
Middle States
723
175, 767, 355
64, 580, 406
f , 089, (173
8, 198, 912
4.0
2.9
3.4
Southern States
264
40, 638, 300
10, 726, 209
1,091,520
5, 838, 871
2, 747, 018
4.2
3. 3
5.3
Western States
1,027
134, 599, 700
30, 508, 955
7, 683, G33
4.3
3.5
4.7
Total
2, 582
518, 605, 725
147, 721, 475
20, 171,667
24, 368, 019
3.9
3.0
3.7
Sept.. 1884, to March, 1885:
New England States...
567
167, 400, 370
41,413, 826
5, 661, 537
4, 388, 812
3.4
2.7
2.1
Middle States
732
173, 212, 145
64, 741, 009
7, 156, 680
7, 474, 752
4.1
3.0
3. 1
Southern States
278
42, 648, 400
11,527, 942
31, 088, 344
1, 790, 726
2, 420, 858
4.2
3.3
4.5
Western States
1,073
139, 638, 800
5, 828, 707
7, 310, 780
4.2
3.4
4.3
Total
2, 650
522, 899, 715
148,771, 121
20, 437, 650
21,601,202
3.9
3.0
3.2
March, 1885, to Sept., 1885 :
New England States. . .
5G2
165, 668, 370
40, 786, 007
5, 391,401
4, 725, 395
3.3
2.0
2.3
Middle States
731
172, 907, 352
04, 247, 888
6, 953, 332
7, 297, 159
4.0
2.9
3.1
Southern States
287
43, 500, 300
11, 505, 477
30, 364, 123
1,655, 261
2, 282, 782
7,718,959
3.8
3.0
4.2
Western States
1, 085
142, 523, 580
6,218, 477
4.5
3.6
4.5
Total
2,605
524, 599, 602
140, 903, 495
20, 218, 471
22, 024, 295
3.9
3.0
3.3
Sept.. 1885. to March, 18S6 :
New England States. ..
559
165, 203, 920
41, 128, 387
5, 375, 226
5, 925, 381
3.2
2.6
2.8
Middle States
738
172, 435, 295
67, 583, 309
7, 044, 535
9, 484, 324
4.0
2.9
3.9
Southern States
294
44,437,41.0
12, 053, 524
1, 969, 190
2, 705, 274
4.4
3.4
4.7
Western States
1, 117
148, 879, 580
32, 767, 699
6, 946, 485
9, 412, 087
4.6
3.8
5.2
Total
2, 708
530, 956, 195
153, 532, 919
21, 335, 436
27, 527, 6GG
4.0
3.1
4.0
March. 1880, to Sept., 1886:
New England States...
563
165, 352, 320
41, 581, 845
5, 338, 635
6, 736, 479
3.2
2.5
3.2
Middle States
744
173, 628, 875
70, 044, 187
11,967, 821
7, 328, 798
9, 789, 135
4.2
3.0
4.0
Southern States
303
45, 444, 000
1, 994, 537
6, 485, 172
2, 553, 055
4.3
3.4
4.0
W estem States
1, 174
153, 138, 453
33, 470, 925
8, 834, 050
4.2
3.5
4.7
Total
2, 784
537, 503, 648
157, 064, 778
21, 147, 142
27, 912, 719
3.9
3.0
4.0
Sept., 1886, to March, 1887 :
New England States. . .
563
165, 252, 370
41, 897, 072
5, 318, 480
6, 176, 707
3.2
2.6
3.0
Middle States
754
175, 873 735
73, 445, 033
7. 574, 627
12, 072,419
4.3
3.0
4.8
Southern States
313
46,213,240
12, 463, 050
2, 143, 870
2, 646, 393
4.6
3.6
4.5
Western States
1,225
161, 016, 425
35, 926, 745
7,111,610
10, 803, 275
4.4
3.6
5.5
Total
2,885
548, 355, 770
163, 731, 900
22, 148, 587
31, 698, 794
4.0
3.1
4.5
March, 1887, to Sept., 1887 :
New England States ..
566
1G4, 837, 370
43, 118, 790
5, 355, 787
7, 224, 781
3.2
2.6
3.5
Middlo States
764
176, 635, 656
76,574, 179
7, 357, 4l»0
11, 360, 893
4.2
2.9
4.5
Southern States
343
51,515,315
13. 247, 285
2, 137, 328
3, 268, 973
4. 1
3.3
5.0
Western States
1.2C9
165, 556, 200
38, 314, 299
7, 153, 305
10, 953, 427
4.3
3.5
5.4
Total
2.942
558, 544, 541
171,254,553
22, 003, 820
32, 808, 074
3.9
3.0
4.5
General average
2, 392
494,730,485
618,735, 112
19.C87, 115
25, 201, 354
4.0
3.2
4.0
244
REPORT OF THE COMPTROLLER OF THE CURRENCY
Table, by States and Reserve Cities, of the Ratios to Capital, and to
from March 1, 18d3,
Ratio of dividends to capital for six months ending —
States, Territories, and reserve
cities.
March 1, 1883.
Sept, 1, 1883.
March 1, 1884.
Sept. 1, 1884.
March 1, 1885.
Sept. 1, 1885.
March 1, 1886.
Sept. 1, 1880.
March 1, 1887.
00
CO
T— t
4-i
P<
o
U2
March 1, 1883.
CO
CO
CO
rH
l“d
-*-l
Pd
C fl
P. ct.
P. ct.
P.ct.
P. ct.
P. ct.
P. ct.
P.ct.
P. ct.
P. ct
P. ct
P. ct.
P. ct.
1
Maine
4.3
4.2
4.1
4. 1
4. 1
4.3
4.3
4. 1
3.5
3.8
3.4
3.3
2
New Hampshire
3.8
3.9
3.7
3.7
3.7
3.7
3.6
3.8
3.7
3.7
3.2
3.2
3
Vermont
3.8
4.2
3.9
3.8
3.6
3.2
3.5
3.4
3.4
3.5
3. 1
3.4
4
Massachusetts
3.7
3.7
3.6
3.3
3.6
3.4
3.4
3.3
3.4
3.4
2.9
2.8
5
Boston
2.9
2.9
2.7
2.8
2.8
2.7
2.5
2. 6
2.7
2.7
2.3
2.3
6
Rhode Island
3.4
3.5
3.4
3.3
3.3
3.2
3. 1
3. 1
3.2
3.2
2.8
2.9
7
Connecticut
4.0
4.0
3.9
3.8
3.7
3.0
3.6
3.7
3.0
6. 7
3.1
3.1
8
New York
4.0
4.4
4.2
3.9
3.7
3.7
3.8
3.7
3.8
4.2
3.2
3.5
9
New York City
4.7
4.6
4.7
4.3
4.5
4. 3
4.3
5.5
4.5
4.6
3.2
3.1
10
Albany
6. 1
4.2
0.2
4.2
0.2
3.3
4.3
4.9
6.0
3. 8
3.4
2.4
11
New Jersey
4.7
4.6
4.7
4.4
4. 5
4.4
4.4
4.4
4.5
4.7
3.6
3.5
12
Pennsvlvania
8.9
3.9
4.0
3. 5
3.8
3.7
3.7
3.7
5.0
3.7
3. 1
3.1
13
Philadelphia
4.9
4.7
4.7
4.6
4.6
4.6
4.5
4.4
4. 1
4.0
3.3
3.1
14
Pittsburgh
3i 8
3.7
3.8
3.7
3.8
3.7
3.6
3.6
3.6
3.8
2.9
2.8
15
Delaware
4.5
4.8
4.6
4.8
4.8
4.9
4.4
4.3
4.4
4 3
3.4
3.5
16
Maryland
4.7
4.4
4.4
4.5
4.2
4. 1
4. 6
4. 3
4.3
4.7
3.0
3.4
17
Baltimore
3. 6
3.8
3.7
3.8
3.8
3.7
3.7
3.7
3.0
3.7
2.9
3. 1
18
District of Columbia
4. 0
4.0
4. 0
4.0
4.0
4.0
4.0
4.0
4. 0
4.0
3.2
3.2
19
Washington
2.4
3.3
3.4
3.4
3.4
3.4
3.4
3.2
3.7
3.1
2.0
2.6
20
Virginia
4.2
4-1
5.7
4.0
4.2
4.0
4.9
3.2
3.7
3.7
3. 1
3.1
21
West Virginia
4.3
4. 1
4. 1
3.7
3.9
3.7
3.9
3.7
3.9
3.5
3.4
3.3
22
North Carolina
3.9
3.4
3.9
3.3
4.5
3.7
4.3
3.8
3.9
3.0
3.3
2.8
23
South Carolina
4.0
4.1
4. 3
4. 0
4.3
4.3
4.0
7.3
4.3
3.8
2.9
2.9
24
Georgia
3.7
3.4
3.5
3.2
3.7
3.6
3.8
3.3
3.7
5.7
3.0
2.7
25
Florida
7.6
2.5
2.5
2.5
3.0
2.3
1.5
1.4
4.6
4.9
6.8
2. 2
26
Alabama
4.0
3.5
3.8
3.6
4.5
4.4
3.9
4.8
4.3
3.8
3.4
2.9
27
Mississippi
8.0
7.4
2.8
5.4
3. 1
7.3
3.3
5.6
2.8
7.7
- . .
28
Louisiana
5.0
5. 0
4.0
4.0
4.0
4.0
4.0
4.0
4. 0
3.0
5.0
4.9
29
New Orleans
4.1
4.2
6. 6
3.6
4. 1
3.9
3.7
3.5
5.5
3.5
3.0
3.0
30
Texas
5. 3
3.9
5.0
5.7
5.5
3. 3
5.9
4.4
7.0
4.6
4.0
2.9
31
Arkansas
5.9
4. 0
5.8
4.4
4.4
3.8
4.9
3.9
5. 4
14.0
4.9
3.4
32
Kentucky
3.6
3.8
3.0
4. 1
3.6
3.8
3.7
3.8
3.8
4. 0
3. 1
3.2
33
Louisville
3.4
3.9
3. 5
3.8
3.3
3.5
3. 6
3.6
3.8
3.7
2.8
3.2
34
Tennessee
5.4
5.0
5.0
4.7
5.3
4.4
5.1
8. 1
4.7
3.6
4.6
4.2
35
Ohio
4.3
4.1
4.0
4.0
3.8
3.7
3.7
3.7
3. 8
4. 1
3.0
3.4
36
Cincinnati
3. 5
3.8
3.3
3.2
3.1
3.3
3.5
2.8
3.2
3.2
3. 1
3.4
37
Cleveland
4. 1
4 1
3.8
4. 1
2.3
2.8
3.2
3. 1
2.9
2. G
3.5
3.5
38
Indiana
5. 1
4.6
4. 1
3.9
3.7
4.0
4.3
4.4
4. 9
4.2
4.0
3. 0
39
Hlinois
6.0
5.7
5.7
5. 0
4.9
4.9
5.0
5.2
4 9
4.9
4.0
4.3
40
Chicago
5.0
3.9
3.7
4.7
4.9
4.3
4. 6
3.8
4.0
9. 5
3.8
3.1
41
Michigan
5. 6
5.3
5.9
4.4
4.8
4.5
4.7
4. 2
5. 1
4.6
4.4
4.3
42
Detroit
4.2
3.7
4.2
4.2
4.6
4.7
4.7
3.7
4.2
3.0
3.8
3.4
43
Wisconsin
4.3
4.5
7.0
5.3
4.8
4. 1
6. 1
4. 6
4.9
5.8
3.4
3.7
44
Milwaukee
4.3
4.9
4.9
6.5
0.5
4.9
8.0
6.4
4.0
6.5
3.0
3.4
45
5. 3
4.9
4. 9
4. 4
4. 5
5. 0
4. G
4. 0
5. 4
5. 0
4 8
4. 0
46
Minnesota
5.3
5. 1
5.2
3. 1
3.9
4.1
4. 3
4.2
4.3
4. 6
4.4
4.2
47
Missouri
9.7
4. 1
4.2
4.1
3. 5
8.7
4.8
3. 9
3.7
4.7
8. 0
3.4
48
Saint Louis
2.7
3.9
3.6
3.0
3.5
2.8
3.8
3.8
3.5
3.7
9 9
3.2
49
Kansas Citv
4. I
50
Saint Joseph
9. 3
51
Kansas .*
0.1
5,9
7.4
8.8
3.9
5.6
5.2
4. 9
5.8
5. 3
5.3
4.9
52
Nebraska
4.9
4.9
5. 9
4.9
4.9
5 3
5.8
5.2
5.4
6.4
4. 1
4. 1
53
Omaha
3. 1
51
Colorado
12. 0
7.2
7.0
10.0
9. 6
7. 0
7.7
7.2
7.0
8.2
8.0
4.8
55
Nevada
10. 0
10.0
12.0
10. 0
10.0
8.0
10. 0
8.0
5. 3
4. 0
8. 0
7.9
56
California
5. 2
5. (i
7. 9
6
4. 6
4. 9
S !»
4. 9
4 7
r>. o
4 3
4. G
57
San Francisco
4. 0
4.0
4.0
4.0
4.0
4.0
4. 0
3. 5
2.0
1.9
3. 5
3. 5
58
Oregon
14.2
19.3
10.8
6. 0
5.8
5. 6
4. 6
3.8
5. 0
3.3
12.0
10. 5
59
5 0
7 0
•7 0
9. 9
5. 0
o. <)
60
Dakota
3.3
1.9
3. 0
4.0
4.9
4.0
4.9
3. 1
3. 7
4. 1
2.8
1.6
61
Idaho
20.0
15. 0
22. 5
14.0
10.0
4.3
16.7
'2.5
62
Montana
10. 0
4. 1
0. 8
1. 7
9 0
‘>
4. 1
1. 5
<). 5
63
Now Mexico
12.2
7.3
8. 9
7.8
6. 1
5. 5
ai
4. 8
7. 1
4.9
9.8
5.8
64
Utah
4.6
3. 6
5.2
4.7
3.9
5. 6
4. 1
4. 1
4.7
5. 3
3.2
2. 6
65
Washington
0. 5
4. 2
i. <;
9. 1
8. Q
0
4. 8
7. 1
9. 9
4. 6
8.2
9. S)
66
Wyoming
6. 9
3.4
22.5
3. 0
3.0
3.7
7.5
3.3
0.5
3.2
5. 0
2. 7
Average
4.2
4.1
4.2
3.9
3.9
3.8
4.0
3.9
4.0
3.9
3.3
3.2
Note. — Figures printed in bold-face type in column
REPORT OF THE COMPTROLLER OF THE CURRENCY. 245
CAPITAL AND SURPLUS, OF THE EARNINGS AND DIVIDENDS OF NATIONAL BANKS,
to September l, 1887.
dividends to capital and surplus for six Ratio of earnings to capital and surplus for six
months ending — months ending —
3
00
,d
o
L»
oc
oc
1—4
+3
ST
CO
1
5
a
Sept. 1, 1885.
CO
00
GO
rd
£
CO
CO
CO
•*3
s
cn
March 1, 1887.
Sept. 1,1887.
March 1, 1883.
Sept, 1,1883.
March 1, 1884.
Sept. 1, 1884.
»o
$
H
r— (
rd
g
oj
S
Sept, 1, 1885.
March 1, 1886.
Sept. 1,1886.
March 1, 1887.
Sept. 1,1887.
P. ct.
P. ct.
P. ct.
P. ct.
P.ct.
P. ct.
P. ct.
P.ct.
P. ct.
P. ct.
P. ct.
P.ct.
P. ct.
P. ct.
P. ct.
P. ct.
P. ct.
P. ct.
8.3
3.3
3.3
3.5
3.5
3.2
2.9
3.1
3.5
3.6
2.4
2.3
2.9
3.3
4. 1
3.4
1.8
3.9
1
3.1
3.1
3.1
3.1
3.0
3. 1
3.0
3.0
2. 9
3.9
3.9
2.9
3.7
3.0
3.8
3.7
4.0
4.2
2
3.2
3.2
3.0
2.7
2.9
2.9
2.9
2.9
3.2
3.4
3.3
2. 6
2.0
2.3
3.6
3.3
3.7
3.5
3
2.8
2.5
2.8
2.6
2.6
2.5
2. 6
2.6
2. 9
3.5
2.9
3.0
2.2
2.5
2.5
3.0
2.9
3.8
4
2-2
2.3
2.3
2. 2
2. 1
2. 1
«>
2. 1
2.7
2.7
2.5
2.4
1.4
1.7
2.5
3.0
2.8
3.3
5
2.9
2.7
2.8
2.7
2. G
2.5
2.6
2.7
2.7
3.6
3.3
3.3
2.2
2.5
2.6
3.4
3.4
3.5
6
3.1
3. 0
2.9
2.8
2.8
2.8
2.8
2.9
3.7
2.9
3.3
2.7
2.1
2.4
3.2
3.6
3.3
2.9
7
3.3
3. 1
3.0
3.0
3.0
2.9
3.0
3.3
4. 1
4.3
3.5
4.0
2.9
3.2
4. 1
3.9
4.4
4.2
8
3.2
2.9
3.0
2.9
2.8
3.2
2.8
2.8
4. 1
4.7
3.6
2.2
2.9
3.0
4.4
4.6
5.9
5.6
9
3.5
2.4
3.5
2.0
2.5
2.4
3.8
2. 2
5. 1
3.3
4. 1
2.4
4. 1
1.0
1,6
2.4
5.4
4.4
10
3.6
3.3
3.4
3.4
3.3
3.3
3.4
3.4
4.7
4.4
4.7
4.0
3.3
3.2
4.0
4.9
5. 1
5.0
11
3.1
2.7
2.9
2.8
2.8
2.7
3.8
2.8
4.5
3.8
4.5
3.9
3.7
3.1
3.6
3.5
4.6
3.7
12
3.1
3.0
3.0
3.0
2.9
2.8
2.7
2.7
3.9
3.8
4.4
4. L
2.7
3.4
3.4
3.6
3.9
3.7
13
2.9
2.7
2.8
2.7
2.6
2.6
2.6
2.7
3.3
3.7
4.3
3.9
3.3
2.6
3.5
3.7
4.2
4.0
14
3.4
3.6
3. 5.
3.6
3.3
3.2
3.2
3.1
4.6
5.1
4.9
3.8
5.0
4.4
4.4
3 9
4.5
4.6
15
3.4
3.4
3.2
3.1
3.5
3.2
3.2
3.5
4.2
4.5
4.4
4.4
3.6
3.5
4.0
3.6
4.1
3.9
16
3.0
3.0
3.0
2.9
2.9
2.9
2.8
2.8
3.9
3.5
3.9
3.9
3.8
2.7
3.4
3.0
4. 0
2.8
17
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.2
3.9
4.5
2.8
3.6
3.6
3.6
4. 0
3.9
3.8
3.7
18
2.7
2.7
2.7
2.7
2.6
2.5
2.9
2.4
2.5
3.8
4.4
3.7
1.5
4.3
3.1
4.5
5. 1
4.8
19
4.3
3.0
3.0
2.9
3.7
2.4
2.7
2.7
4.5
5.1
6.3
5.2
3.8
4.7
3.6
3.2
4. 1
4.1
20
3.2
3.0
3. 1
2.9
3.1
2.9
3.1
2.8
3.9
3.7
3.9
3.9
3.1
2.5
3.7
3.4
3.2
3.3
21
3.2
2.7
3.6
3.0
3.4
2.5
3.2
2.5
3.3
4. 9
4.2
4.6
3.7
2.9
3.6
2.9
4.2
3.6
22
3.1
2.8
3.0
3.0
2.8
5.0
3.0
2.6
5.0
0.4
G. 6
6.7
3.3
3.9
4.3
3.0
4. 1
5.3
23
2.7
2.4
2.7
2.7
2.9
2.5
2.8
4.3
4.8
4.8
5.5
4.8
3.8
4.3
2.4
5.7
3.5
5.5
24
2. 2
2.2
2.7
2.0
1.4
1.3
4.2
4.4
2.0
11. 0
6.«
6.9
4.6
7.3
5.2
4.4
6.1
7.7
25
3.2
3.0
3.9
3.8
3.3
3.4
3.6
3.2
2.7
2.8
3.9
3.3
4.9
6.0
6.8
4.7
7.0
11.4
26
7.0
2. G
5. 1
2.8
6.6
3.0
4.9
2.4
5.2
8. 5
5.8
8.9
5.4
9.2
7.0
8.8
6. 1
9.0
27
3.8
3.8
3.7
3.7
3.6
3.6
3.0
2.8
5.8
6.0
6.3
5. 9
4.2
5.4
5.0
3.8
4.3
8.0
28
4.8
2.7
3.0
2.8
2.6
2.6
4. 1
2.6
5.3
6.3
6.5
5. 1
2.9
4.2
3.0
i.l
4.4
4.8
29
3.7
4.3
4.2
2.5
4. 5
3.3
5.4
3.6
11.9
10.8
12.3
8.5
8.0
4.3
6.2
6.7
5.7
4.5
30
5.0
3.3
3.2
3.0
3.9
3. 1
4.2
13.0
10. 1
5.3
8.4
12.0
5.2
4.3
4.9
6. 5
6.4
7.9
31
3.0
3.5
3.0
3.2
3.0
3.1
3.1
3.2
4. 5
4.5
4.4
4.4
4.1
3.9
5.6
4. 1
3. 7
3. G
32
2.8
3.1
2.7
2.9
2.9
2.8
3.0
3.0
4.9
4.4
4.4
3.8
2.5
3.1
3.6
4.7
3.0
3.2
33
4.2
4.0
4.3
3.7
4.2
6.9
3.9
3.0
G. 7
5.5
7.8
5.4
5.3
4.9
5.6
5.8
5.7
6.4
34
3.3
3.3
3.1
3.0
3. 1
3.1
3.1
3.3
5.0
4.7
4.5
3.4
3.5
2.9
3.5
3.5
3. 7
4.2
35
3.0
2.9
2.7
2.9
3.1
2.4
2.7
2.7
4.5
3.5
3.7
2. 9
3.2
3.4
3.6
3.5
4. 1
6.5
36
3.3
3.0
2.0
2. 5
2.8
2.7
2.6
2.3
5.8
4.3
5.0
2.4
2.2
4.0
3.7
3.2
3.9
3.7
37
3.2
3.1
2.9
3.6
3.4
3.4
3.8
3.2
4.6
4.7
4.2
3.4
3.3
3.7
5.9
3.8
4.3
4.2
38
4.3
3.8
3.7
3.7
3.8
3.9
3.7
3.7
5.9
5.8
5. 1
5.2
5.0
4.4
5.0
4. 7
5.3
4.5
39
2.9
3.6
3.9
3.5
3.7
3.1
3.2
2.8
10.8
7.8
6.1
5.7
1.6
5.2
5.9
5. 1
6.4
7.0
40
4.8
3.6
3.9
3.8
3.9
3.5
4.3
3.8
6.0
6.2
G.3
4.0
4.3
4.1
4.6
5.2
5.5
5.3
41
3.9
3.9
4.2
4.3
4.2
3.3
3.8
3.2
0.7
7.4
6.7
5.6
5.9
4.9
8.6
4.8
5.0
4. 7
42
5.7
4.3
3.8
3.3
4.8
3. G
3.9
4. 5
5.7
6.2
6.5
5.0
4.8
4.7
5. 6
5.0
5.7
6.6
43
3.2
4.2
4.2
3.2
5.2
4.2
2.5
4.0
9.5
8.9
6.0
5.6
1.3
5.4
7.4
6.6
5.2
5.7
44
4.0
3.6
3.6
4.1
3.7
4.0
4.3
4.0
6.6
6.0
5.9
5.1
4.9
4.7
4.7
4.3
5.1
5. 2
45
4.3
2.6
3.3
3.5
3.7
3.6
3.6
3.9
6.9
5.7
7.9
4.3
4.6
4. 0
4.9
4.3
6.8
4.3
46
3.5
3.4
2.9
7.4
4.0
3.3
3.2
3.8
5.2
5.5
6.6
5.5
5.5
6.4
5.0
4.8
5.8
5. 1
47
2.9
2.4
2.7
2.2
2.9
2.9
2.6
2.7
0.9
5.7
5.0
3.8
3.7
3.0
3.5
4.7
3.6
5.0
48
3.6
8.4
49
2.5
3. 8
50
6.2
7.7
3.4
4.8
4.5
4.2
5.0
4.5
8.6
8.5
10.7
9.2
7.5
8.1
7.6
7.7
9.0
6.7
51
5.0
4.2
4.2
4.5
5.0
4.3
4.5
5. 5
8.9
8.0
11.3
7.3
7.5
7.2
6.8
3.1
7.2
7.2
52
2. 5
3.5
53
4.8
6.5
6.0
4.7
5.3
5.3
5.8
6.0
12.2
9.8
15. 4
8.7
8.1
5.1
6.7
6.3
9.1
8.4
54
9.5
7.5
7.5
6.0
7.5
6.1
4.4
3.2
12.9
11.2
12.4
12.0
8.5
8.6
8.0
9.2
5.8
6.7
55
6.6
2.7
3.6
3.5
7.1
3.9
3.8
4. 0
0.7
6.8
7.7
6. 1
7.6
6.5
6.5
6.3
7.0
7.3
56
3.5
3.5
3.5
3.5
3.4
3.0
1.8
1.8
4.8
5.2
4. 6
3.5
2.1
3.3
3.5
3. 1
2.7
3.2
57
9.6
5.4
5.3
5.1
4.2
3.5
4.7
3.0
14.4
24.6
19.5
16.6
9.8
11.7
11.5
7. 1
9.5
11.8
58
6.8
3.3
5. 5
7. 7
0. 0
1. 8
1.4
59
2.4
3.8
4.1
3.3
4.0
2.6
3.2
3.5
11.2
9.5
7.6
3.2
4.0
4.2
5.1
4.8
6.1
3.2
GO
20.4
....
13.0
9.2
.....
40.0
17.0
12.0
22.7
10.4
10.9
0.0
7.0
5.8
6.1
3.4
61
.....
3.4
0.7
1.4
2.5
1.9
3.4
1.2
10.3
10. 1
9.8
9.2
7.7
5.2
6.4
4.8
9.4
8.0
62
7.0
0.0
5.1
4.5
6.5
3.9
5.9
4. 1
8 6
8. 6
7.7
7.2
2.0
5.7
7.2
5.5
5.0
3.7
63
3.5
3.4
2.7
3.8
3.1
3.0
3.4
3.7
5.9
7.8
9.1
6.5
7.0
3. 5
5.7
8.8
6. 1
5. 1
64
1.5
2.9
3.6
3.5
3.8
6.2
2.9
3.7
10.5
8.8
11. 1
8.4
8.5
10.1
6. 1
7. 1
7.2
8.2
65
19.4
2.6
2.9
3.2
6.3
2.8
5.4
2.6
8.8
8.3
11.4
7.9
7.5
8.6
7.6
6.2
5.7
6.0
6G
3.2
3.0
3.0
3.0
3.1
3.0
3.1
3.0
4.2
4.3
4.3
3.7
3.2
3.3
4.0
4.0
4.5
4.5
for 1884 and 1886 signify percentage of loss.
246 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Classification of the Loans and Discounts of tiie National Banks in the
Reserve Cities and in the States and Territories on October 5, 1887.
Cities, States, and
Territories.
No. of
banks.
On single-
name paper.
On U. S.
bonds.
On other
bonds and
stocks.
All other loans.
Total.
New York City
47
$17, 5S5, 496. 27
$1,445,900.00
$95, 075, 844. 27
$143, 900, 940. 58
$258, 014, 181. 12
Chicago
18
15, 498, 985. 93
500. 00
10, 821. 735. 83
34,754,971.02
61, 070, 193. 38
Saint Louis
5
279, 603. 00
............
1,182,214. 28
8, 920, 930. 13
10, 382, 753. 41
Boston
54
17, 249, 382. 98
38, 350. 00
19, 689, 405. 11
80, 993,214.79
123, 970, 412. 88
Albany
ti
494,236.31
7, 280. 00
3, Oil, 017. 84
5, 207, 397. 27
8, 779, 931. 42
Philadelphia
43
13,427,173.71
11, 175.00
11, 562, 816. 00
58, 420, 272. 80
83, 427, 437. 51
Pittsburgh
33
1, 293, 906. 32
............
3, 454, 425. 99
27,198, 002.81
31,910, 395. 12
Baltimore
17
5, 401, 897. 60
700. 00
3, 829, 249. 81
10, 927, 500. 79
26, 159, 354. 20
Washington
7
27, 130. 24
52, 230. 00
686, 552. 19
3,257, Oil. 11
4, 022, 923. 54
New Orleans
8
405, 502. 72
7, 500. 00
2, 641, 223. 15
6, 879, 479. 97
9, 933, 705. 84
9
97fi 051.111
553, 343. 41
8 504, 829. 32
9 334, 823. 84
Cincinnati
15
4, 678, 786. 92
40, 700. 00
3, 532, 112.87
10, 330, 388. 40
24, 587, 988 25
Cleveland
9
1, 648, 688. 00
2, 335, 440. 50
13, 584, 390. 75
17, 568, 52a. 25
Detroit
8
893, 288. 33
7, 700. 00
1,621,586. 28
10,254,401.41
12, 777, 036. (12
Milwaukee
3
600, 926. 14
.l...... ....
598, 076. 65
3, 057, 508. 29
4, 322, 511. 08
Kansas City
8
3, 026, 033. 58
431, 366. 56
10, 910, 300. 57
14, 3(57, 700. 71
Saint Joseph
2
' 433j 028. 16
4| 270. 00
l' 504, 717. 54
1, 942; 015. 70
Omaha
8
2, 000j 459. 96
7, 500. 00
130| 486. 11
6, 872, 093. 51
9, 070, 539. 58
San Francisco
3
2, 693, 570. 10
551, 320. 50
1,540, 700. 38
4, 785, 656. 98
Total
293
88, 040, 807. 38
1, 619, 535. 00
161, 712, 553. 35
405, 097, 196. 10
710, 470, 091. 83
Maine
72
1,241,747. 20
2, 139. 50
1,013, 961. 13
10, 807, 808. 06
19, 125, 655. 89
New Hampshire
49
815, 624.25
1, 550. 00
1, 305, 254. 18
7, 529, 178. 00
9, 651, 606. 49
Vermont
49
909, 662. 81
13, 121. 95
361, 770. 55
11, 487, 754. 03
12, 832, 309. 34
Massachusetts
198
14, 920, 402. 43
514,013.55
5, 936, 075. 03
70,191,054.59
91.561,545. 60
Rhode Island
01
7, 491,158. 94
15, 854. 68
928, 731. 16
20, 050, 490. 00
34, 480, 234. 78
Connecticut
83
6, 648,917.31
41,675. 00
3, 018, 867. 49
32, 091, 840. 00
43,001,299. 80
New York
209
8, 855. 687. 82
105, 325. 69
7, 500, 324. 06
82, 330, 9S9. 31
98, 792, 320. 88
New Jersey
81
3, 257, 158. 44
76, 200. 00
6, 023, 184. 73
31.073.173. 93
40, 4 :0,717. 10
Pennsylvania
237
5,619, 730. 42
30, 550. 00
2, 070, 785. 23
72, 485, 839. 43
80,206,911.08
Delaware
17
72, 736. 95
100. 00
109, 522. 07
4, 759, 404. 38
5,001,764. 00
Maryland
31
285, 917. 53
200. 00
105, 268. 50
0, 455, 779. 44
6, 907, 165. 53
1) i st ri c t of C ol a mb i a
1
'
340, 720. 45
346, 726. 45
Virginia
25
547, 888. 99
24, 500. OO
700, 771.97
9, 507i 400. 67
10,786; 627. 63
West Virginia
20
136, 542. 40
17, 705. 00
3, 834, 945. 85
3, 989, 193. 25
North Carolina
18
347, 739. 41
82, 578. 2 L
4,821,477. 14
5,251,794. 76
South Carolina
15
147, 783. 16
289, 750. 27
4,416, 926.10
4, 854, 4‘9. 59
Georgia
21
757, 316. 38
............
931, 205. 40
5, 8G8, 997. 57
7, 557,519. 35
Florida
8
307. 529. 91
............
23, 230. 02
1, 080, 693. 88
1,411,4,5-1. 41
Alabama
20
1,550, 802.55
30(1, 478. 00
010, 747. 82
5, 904, 296. 58
8, 366, 324. 95
Mississippi
12
29?, 650. 88
............
335, 455. 56
1, 000, 481. 81
2, 233, 594. 25
5
9,07 ‘>U
1 04, 682. 78
704, 152. 00
1 . 076, 049. 30
Texas
91
4, 246, 710. 90
658, 077. 01
15, 252| 409. 70
20,157,203. 67
Arkansas
7
143,217. 13
2,’iiOO. 00
222, 036. 20
2, 412, 730. 1 1
2, 781, 08.!. 44
Kentucky
59
1, 092, 000. 95
28, 600. 00
624, 530. 86
15,719, 548.81
17,464,746. 62
Tennessee
40
3, 881, 590. 88
2, 377, 120. 01
12, 669, 584. 44
18, 928, 301.93
Ohio
192
4, 41 9, 007. 51
1, 450. 00
2, 069, 025. 52
44, 353, 187. 21
50, 833, 330. 24
Indiana
93
3, 392, 224. 93
38, 158. 01
091, 577. 24
23, 063, 365. 21
27, 780, 325. 09
Illinois
100
0, 885, 654. 45
70, 521. 35
750, 824. 70
27, 898, 100. 36
35,605, 100. 86
100
4 703, 482. f>7
443, 510. 81
24, 271, 603. 31
29, 418, £96. 69
53
lj 716; 661.64
282’ 101.86
11 ; 34k 708. 19
13,340,531.09
Iowa
128
4,' 949' 020. 12
32,427. 10
519i 974. 37
18; 227; 513. 05
23,’ 728| 940. 64
Minnesota
58
13,638,004. 80
9, 100. 00
1, 536. 673. 44
22, 673, 267. 19
37, 857, 045. 49
Missouri
35
402, 609. 57
7, 250. (10
52, 009. 41
4,451,887.41
5, 003, 870. 39
Kansas
139
2,524,416.30
2, 101.24
129, 399 73
18, 345, 533. 15
21,001,450.42
Nebraska
95
2, 084, 309. 93
43,201.83
75, 558. 48
11,410, 126. 13
13,619,256.37
Colorado
31
3, 027,214.55
50. 00
327, 693. 08
7, 973, 901.37
12, 228, 859. 60
Nevada
2
208, 332. 03
...
38,501. 16
200, 836. 91
507, 670.13
California
30
3,320,214. SO
11,150. 00
758, 929. 68
10, 204, 812. 08
14, 295, 106. 47
Oregon
23
1 , 893, 706. 27
49, 443. 79
3, 742, 473. 70
5, 685, 623. 85
l
28, 518. 2i
’ lio; 956. 37
' 148; 474. 58
Dakota
62
87 9j 975. 39
41,700. 00
60, 529. 90
5,711,869. 23
6, 094,084.52
Idaho.
0
182, 133. 70
34, 24 1 . 50
344, 904. 47
501, 270. 67
17
2 508,051.75
233’ 800. 25
5, 349, 345. 14
8 091,803. 14
New Mexico
9
'499’ 791. 91
43| 424. 50
1, 101,821. 18
1, 705, 037. 65
Utah
7
749,' 475. 44
83i 032. 47
L 273j 277. 49
2; 056; 085. 40
Washington
18
540,912.11
86, 800. 00
3, 102, 036. 00
3, 735, 809. 07
Wyoming
8
651,512.41
39, 602. 02
1, 779, 005. 87
2, 470, 050. 30
Total
2, 750
124,035, 462. 67
1,413,918.50
44, 335, 893. 52
69?, 790, 280. 62
803, 575, 555. 31
United States
3, 049
212, 076, 270. 05
3, 033, 453. 50j200, 048, 446. 87
1, 158, 887,476. 72
1, 580, 045, 647. 14
REPORT OF THE COMPTROLLER OF TnE CURRENCY. 247
Clearings and Balances of the Banks of New York City for tiie Weeks
ENDING AT THE DATES GIVEN.
Sept. 2,1882.
Sept.. 9,1882.
Sept. 10,1882.
Sept. Vi, 1882.
Sept. 30, 1882.
Oct. 7,1882.
Oct. 14, 1882.
Oct. 21, 1882.
Oct, 28,1882.
Nov. 4, 1882.
Nov. 11,1882.
Nov. 18,1882.
Nov. 25,1882.
Week endin
CT . .
O
Cleavings.
Balances.
$787,790,310.10
800,162.117.02
1,010,034,295.97
950,902,831.49
1,011,393,833.57
1,124,300,247.43
999, 817, 8b4. 93
1,044,390,226.21
857,810,080.35
991, 290, 920. 40
950, 409, 950. 50
1,054,534,005.07
1, 240, 998, 507. 95
$27, 390, 924. 04
29, 780, 386. 41
80, 418,411.78
27,978, 458. 28
34, 393, 848. 91
30, 742,717. 31
35,772,217. 80
88, 623, 283. 86
20, 033, 506. 79
37, 122, 701.71
20, 909, 785. 92
33, 258, 877. 77
28, 057, 750. 01
Sept, 1,1883.
Sept, 8, 1883.
Sept. 15,1883
Sept, 22, 1883.
Sept. 29, 1883.
Oct. 0,1883.
Oct, 13,1883.
Oct. 20,1883.
Oct. 27, 1838.
Nov. 3, 1883.
Nov. 10,1883.
Nov. 17,1883.
Nov. 24, 1883 .
645, 021, 540. 8G
739, 732, 907. 18
732, 310, 071.00
700, 082, 400. 64
763, 567, 33G. 28 i
759,872,805.58
833,905,948.88
919,608,020.44
900,319,847.51
817.996.284.43
622,487,973.40
783,094,022.25
082.451.400.44
20, 472, 986. 85
31, 195, 740. 55
30, 914, 820. 30
30, 001, 000. 19
30, 260, 285. 71
32, 814, 144. 42
31, 303, 439. 92
31,917,817. 51
31,844,418. 48
29, 708,441.71
28, 478, 107. 32
33,519,480.15
28, 333, 203. 04
Sept. 6.1S84.
Sept, 13, 1884.
Sept, 20, 1884.
Sept. 27, 1S84.
Oct. 4, 1884.
Oct, 11,1884.
Oct. 18, 1884.
Oct, 25, 1884.
Nov. 1,1884.
Nov. 8,1884.
Nov. 15,1884.
Nov. 22,1884.
Nov. 29,1884.
Sept. 5, 1885.
Sept. 12, 1885.
Sept. 19, 1885.
Sept. 20, 1885
Oct. 3, 1885.
Oct. 10,1885.
Oct. 17, 1885.
Oct, 24,1885.
Oct. 31, 1885.
Nov. 7, 1885.
Nov. 14,1885.
463,912,028.57
422, 613, 919. 74
492, 009, 873. 00
491,357, 661.20
554, 662, 698. 69
490,582,470.50
518.575.214.89
005,195,931.55
458, 532, 56S. 11
477,210,695.35
527,541,755.74
555,711,509.01 {
459,294,007.00 J
470,800,526.79
484.537.057.90
480,733,380.21
471,052,048.41
572, 070, 277. 97
659, 5G0, 549. 70
702, 000, 829. 74
828, 373, 048. 53
695, 214, 389. 87
775, 416, 610. 98
779, 244, 280. 01
21,278, 921.75
22, 793,219. 60
21, 412, 3fJ7. 53
22, 028, 008. 11
32, 658, 517. 10
20,358, 572.40
28, 696, 794. 93
27, 673, 214. 95
23, 225, 190. 59
28, 209, 591. 59
20, 823, 261. 20
26, 496, 903. 13
21, 392, 407. 03
22, 990, 787. 52
23, 969, 307. 46
24, 410, 808. 98
22, 978, 989. 63
30, 158, 232. 32
28, 462, 678. 38
29, 032, 037. 42
30, 475, 583. 77
29, 590, 574. 77
30, 751,503. 50
27,323,721.40
Sept. 4,1886.
Sept. 11, 1880.
Sept. 18, 1880.
Sept. 25, 1880.
Oct, 2, 1886 .
Oct. 9, 1880.
Oct, 10,1880.
Oct. 23, 188G.
Oct. 30,1886.
Nov. 0,1880.
Nov. 13,1886.
485, 535, 545. 80
520, 437, 476. 80
590, 306, 037. 81
691,723, 056. 66
744, 533,107. 30
830, 726, 858. 70
774, 127, 054. 20
734, 580, 056. 19
625, 098, 004. 48
735, 609, 027. 93
704, 572, 284. 86
28, 387, 297. 77
21, 865, 103. 40
28, 050, 351. 78
25, 603, 758. 94
31, 285, 172. 38
29, 904, 285. 79
30, 952, 375. 99
27, 707, 549. 00
26, 007, 923. 82
31,825, 400. 11
28, 065, 256. 87
Sept. 3,1887
Sept. 10, 1887
Sept. 17, 1887
Sept. 24. 1887
Oct. 1, 1887
Oct. 8,1887
Oct. 15,1887
Oct. 22, 1887
Oct. 29,1887
Nov. 5, 1887.
Nov. 12,1887.
029, 92G. 782. 37
562, 027, 925. 28
028, 634, 786. 18
059,048,314.43
575, 717, 723. 42
670,201,491.07
718,890,811.83
742, 551, 452. 60
047, 590, 728. 82
700, 280, 839. 34
602, 240, 351. 60
29, 322, 307. 47
22, 329, 208. 73
31,404,534. 44
30, 974, 002. 90
31, 009, 309. 30
29, 825, 323. 74
31,170,113. 34
33, 350, 8S9. 58
29, 809, 361.75
31, 289, 781. 13
23, 758, 351. 99
ABSTRACT OF REPORTS OF CONDITION
OF
1886 — ’87,
ARRANGED BY STATES AND TERRITORIES.
2nTote. — Under the heading “official” are placed reports from State officers, and under heading
“unofficial” reports from additional banks to this office.
249
REPORT OF THE COMPTROLLER OF THE CURRENCY. 251
STATE I5 1NKS— OFFICIAL.
March 31, 1887.]
NEW HAMPSHIRE.
[1 bank.
Resources.
Liabilities.
Loans on real estate
Loans on personal anil collateral se-
curity
Other loaus anil discounts
Overdrafts
IT. S. bonds
State bonds
R. R. bonds and stocks
Rank stocks
Otherstocks, bonds, and mortgages
l)ue from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Cold coins
Gold certificates
Silver coins >
Silver certificates
Legal tenders and national-bank notes. .
Other resources
Total
$5G, 607
30, 421
5, 000
2, 500
2,400
1,854
7, 009
Capital stock paid in $50, 000
Surplus fund 15,216
Other undivided profits
State-bank notes outstanding 1, 130
Dividends unpaid 950
Individual deposits 35, 342
State, county, and municipal dejms-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers 3, 153
Other liabilities
105, 791
Total
105, 791
November 16, 1886.]
RHODE ISLAND.
[10 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds '.
State bonds
R. R. bonds and stocks
Rank stocks
Otherstocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses anil taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
$75, 31 J
2, 609, 864
3, 800
127, 759
139, 968
225, 005
3, 233
142, 778
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
$1, 766, 685
’"iap, 775
3, 148
Dividends unpaid , 8,723
Individual deposits 1 , 177, 883
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
195, 905
14, 600
Total
3, 327, 719
Total
3, 327, 719
October 1, 1886.]
CONNECTICUT.
[8 banks.
Loans on real estate
Loans on personal and collateral se
eurity
Other loans and discounts
Overdrafts
U. S. bonds ..
State bonds
R. R. bonds and stocks
Bank stocks „
Otherstocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins V
Silver certificates
Legal tenders and national-bank notes .
Other resources
$4, 546, 467
206, 864
320, 972
‘ 3,800
937, 685
232, 127
552, 445
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstandin
Dividends unpaid
$2, 390, 00O
497, 598
19, 286
Individual deposits 3, 407, 182
State, county, and municipal. depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Dne to other banks and bankers 486, 294
Other liabilities -
6, 800, 360
6, 800, 360
Total
Total
252 REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATE BANKS— OFFICIAL.
NEW YORK.
June 4, 1887.1 [71 banks.
Resources.
Liabilities.
Capital stock paid in
$8, 428, 000
2, 077, 764
3, 157, 311
5,470
Loans on personal and collateral se-
Surplus fund
Other loans and discounts
Overdrafts
$44, 049, 244
80, 227
Other undivided profits
State-banknotes outstanding
State bonds
Bank stocks
Individual deposits
State, county, -and municipal depos-
its
37, 688, 748
Otherstocks, bonds, andmortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Checks and other cash items
Gold coins
Gold certificates
Silver coins
2, 438, 777
5,510, 298
794, 695
180, 941
876, 449
j 660, 943
1, 605, 740
130, 257
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
2, 000
3, 061, 954
1, 906, 324
Silver certificates
Legal tenders and national-bank notes.
Other resources
Total
Total
56, 327, 571
56, 327, 571
June 4, 1887.]
NEW YORK CITY.
[31 banks.
Loans on real estate
Loans on personal ancl collateral se-
curity
Other loans and discounts
Ocet drafts
TJ. S. bonds
State bonds
11. II. bonds and stocks
Bank stocks
Otherstocks, bonds, andmortgages
Due from other banks and baukers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Checks and other cash items
Gold coins
Gold certificates
Silver coins
Silver certificates ..
Legal tenders and national-bank notes.
Other resources
$80, 698,086
22, 094
1, 867, 945
6, 389, 106
2,214, 526
381, 881
37, 484, 131
1-11,508, 025
4, 624, 403
110,401
Capital stock paid in
Surplus fund
Other undivided profits
$14, 712, 700
5, 141, 937
3,795, 694
State-bank notes outstanding
Dividends unpaid
2, 605
Individual deposits 112, 699, 172
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers 86, 193
Due to other banks and bankers
Other liabilities
8, 045, 360
816, 937
Total
145, 300, 598
Total
145, 300, 598
NEW JERSEY.
Decembor 31, 1886.]
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts t
U. S. bonds
State bonds
R. It. bonds and Stocks
Bank stocks
Otherstocks, bonds, and mortgages
Duo from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins >
Silver certificates
Legal tenders and national-bank notes.
Other resources
$3, 340,181
216
88, 700
21,700
408, 795
526, 576
123,719
12,532
295, 849
321,504
[8 banks.
Capital stock paid in
$1, 209, 350
332, 335
159, 785
14, 435
3, 284, 201
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Duo to other banks and bankers
Other liabilities
103, 247
36, 479
5, 139, 832
5, 139, 832
Total
Total
REPORT OF THE COMPTROLLER OF THE CURRENCY.
253
STATE BANKS— OFFICIAL..
PENNSYLVANIA.
November — , 1880.] [80 banks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
$24, 079, 175
Capital stock paid in
Surplus fund
$7, 888, 473
1,857, 204
805, 330
71,006
Other undivided profits
State-bank notes outstanding
738,007
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
29,117,308
Overstocks, bonds, and mortgages
Due from other banks and bankers . - . .
5,073,990 j
4,517,022
2,929,001 1
190,060
| 943, 123
1, 840, 675
450, 785
Current expenses and taxes paid .....
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
572, 029
456, 928
Other liabilities
Legal tenders and national-bank notes.
Total
40, 709, 004
40, 709, 004
MARYLAND.
July and September. 1887.] - [8 banks.
Capital stock paid in
$1,979, 390
335, 000
Loans on personal and collateral se-
$1,331,392
3, 170, 772
Surplus fund
Other undivided profits
125, 072
2, 057
State-bank notes outstanding
09
204| 487
Dividends unpaid
43,016
29, 010
317, 372
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures. ..
Current expenses and taxes paid
Individual deposits
3, 799, 130
357, 695
434, 108
12, 105
1
State, county* and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
*
| 522, 459
Due to other banks and bankers
106, 629
48, 510
Other liabilities
Legal tenders and national -bank notes.
1
305
Total
6, 436, 822
Total
0, 430, 822
NORTH CAROLINA.
June 30, 1887.] [11 banks.
Loans on real estate
i
$160, 636
Capital stock paid in
$091,410
173, 503
55, 203
Loans on personal and collateral se-
Surplus fund
Other loans and discounts
1,511,825
48, 750
Other undivided profits
Overdrafts
U. S bonds
State bonds
31,000
Dividends unpaid
4, 080
1, 424, 785
R. R. bonds and stocks
Bank stocks
Individual deposits
Other stocks, bonds, and mortgages. . . .
70, 450
190, 383
119, 321
14, 450
47, 245
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
State, county, and municipal depos-
Deposits of State, county, and mu-
61, 273
04, 626
37, 164
Silver certificates
Other liabilities
Legal tenders and national-bank notes.
183, 428
54, 222
Total
Total
2, 474, 880
2, 474, 880
254 REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATE BANKS— OFFICIAL.
June 30, 1887.]
GEORGIA.*
125 banks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
IT. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages . . .
Due from other banks and bankers . . .
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
Add for cents
$11, 550
380, 702
9, 460, 083
12, 649
6, 971,614
1, 020, 958
575, 973
72, 129
1, 458, 058
1, 159, 160
71
Capital stock iiaid in
Surplus fund
$10, 295, 840
1, 334, 268
229, 494
Other undivided profits
State-bank notes outstanding
Dividends unpaid
43, 271
6, 393, 996
21, 146
21, 891
1,564, 872
1, 218, 135
34
Individual deposits
State, county, and muuicipal de-
posits
Deposits of State, county, aud mu-
nicipal disbursing officers
Duo to other banks and bankers
Other liabilities
Add for cents
Total
21, 122, 947
Total
21,122, 947
* This report is not included in any summary, having been received after the other statistics were in
type. Much of the information, however, is duplicated in unofficial reports and tables.
June 30, 1887.]
KENTUCKY.
[71 banks.
Loans on real estate
Loans on personal and collateral se-
curity i
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages. . .
Due from other banks and bankers
Real" estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
$146, 571
Capital stock paid in
1, 921, 309
18,781,392
46, 635
52, 850
28, 000
1,119, 556
3, 108, 133
805, 540
26, 930
Surplus fund
Other undivided profits
State-hank notes outstanding
Dividends unpaid
Individual deposits
State, county, and municipal de-
posits
Deposits of State, county, and mu
nieipal disbursing officers.
> 2,641,821
4, 529, 597
Due to other banks and bankers
Other liabilities
$11,555, 686
2, 073, 500
817, 827
35, 970
281, 740
16, 852, 350
1,106, 945
484, 310
Total
33, 208, 334
Total
33, 208, 334
April 7,1887.]
O H
$2, 063, 993
Loans on personal and collateral so-
Other loans and discounts
7,587,247
44,915
230, 769
U. S. bonds
State bonds
li. K. bonds and stocks
Bank stocks .
Other stocks, bonds, and mortgages. . .
Duo from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Checks ami other cash items
913, 291
1, 558, 795
608, 160
68, 592
391, 640
l 159,012
Silver certificates
J
Legal teudersand national -bank notes.
700, 003
107,218
Total
14, 449, 641
o .
[46 banks.
Capital stock paid in
$3, 079, 695
385, 506
200, 353
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits
State, county, and municipal do-
1,411
10, 314, 788
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks aud bankers
Other liabilities
Total
218,200
249, 088
14,449, 041
REPORT OP THE COMPTROLLER OF TIIE CURRENCY
255
STATE BANKS— OFFICIAL.
INDIANA.
October 31, 1886. ] [32 banks.
Kesources.
Liabilities.
$1, 676, 600
235, 874
143, 636
Loans on personal and collateral so-
V 1
Surplus fund
Other loans and discounts
Overdrafts
$3, 434, 568
50, 696
Other undivided profits
State-bank notes outstanding
Dividends unpaid
individual deposits
State, county, and municipal depos-
its
3, 126, 849
Other stocks, bonds, and mortgages —
Due from other banks and bankers —
Real estate, furniture, and-fixtures
Current expenses aud taxes paid
101,242
801,675
224,330
35,357
1
j- 569,914
J
2, 849
Deposits of State, county, and mu-
nicipal disbursing officers
Gold certificates
Silver coins
Due to other banks and bankers
Other liabilities
23, 124
14, 548
Legal tenders and national-banknotes.
Other resources.
Total
Total
5, 220, 631
5, 220, 631
July 4, 1887.]
MICHIGAN.
[62 banks.
$508, 591
27, 606
23, 436, 616
41, 837
214, 600
528, 482
Loans on personal and collateral se-
Otberstocks,bonds,and mortgages. ..
Due from other banks and bankers. . .
Real estate, furniture, and fixtures
1, 160, 985
3, 669, 402
499, 710
112, 327
. 2,664,713
262, 565
Legal tenders and. national-bank notes.
Total
33, 127, 434
Capital stock paid in
$4, 556, 150
Surplus fund
Other undivided profits
746, 235
642, 866
State-bank notes outstanding
Dividends unpaid 29, 756
Individual deposits 26, 069, 050
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks aud bankers
Other liabilities
458, 281
625, 096
Total
33, 127, 434
July 4, 1887.]
WISCONSIN.
[56 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
IT. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, aud mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins.
Silver certificates
Legal tenders and national -bank notes.
Other resources
$16,314,038
132, 256
181, 516
1,000
1, 716, 468
4, 210, 455
496, 414
25, 428
1
f
2, 050, 852
J
4,331
Total
25, 738, 758
Capital stock paid m
Surplus fund
$3, 350, 340
1,111,523
10, 311
223
1,333
19, 960, 417
Other undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
1, 282, 354
22, 257
Total
25, 738, 758
25G REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATE BANKS-OFFICIAL.
IOWA.
June 30, 1887.] [05 bants.
Resources.
Liabilities.
Capital stock paid in
$3, 579, 843
441, 982
252, 817
Loans on personal and collateral se-
Snrplus fund
Other loans and discounts
Overdrafts
$7, 444, 217
186, 166
Other undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
5, 747, 286
Otherstocks, bonds, and mortgages
Duo from other banksand bankers
Real estate, furniture, and fixtures. .. .
Current expenses and taxes paid
1, 413, 227
545, 905
1
1
| 674, 036
12, 755
Deposits of State, county, and mu-
nicipal disbursing officers
Gold certificates
Silver coins
Silver certificates
Due to other banks and bankers
Other liabilities
254, 378
Legal tenders and national-bank notes.
Other resources
Total
Total
10, 276, 306
10, 276, 306
July 23, 1887.]
MINNESOTA.
[54 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts ...
U. S. bonds
State bowls
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins.
Silver certificates
Legal tenders and national-bank notes.
Other resources
$15, 439, 215
99, 101
21, 550
948, 445
2, 434, 323
835, 374
69, 848
213, 657
119, 672
1, 539, 572
288, 695
Total
22, 009, 512
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
$5, 228, 000
691, 587
501, 538
12,544
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
14, 429, 516
Duo to other banks and bankers
Other liabilities
778, 670
367, 657
Total
22, 009, 512
MISSOURI.
May 14,1887.] [212 banks.
$2, 662, 527
41,101,608
5, OO.i
593, 573
758, 971
Capital stock paid in
$11,626,403
6, 596, 349
Loans on personal and collateral se-
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
75, 428
49,173, 704
Individual deposits
Other stocks, bonds, and mortgages. . .
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
(’hecks find oilier cash items
4, 008, 958
8, 068, 591
2, 086, 530
734
2,121,911
1,158, 329
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers.
0,319,267
388, 800
270, 883
Other liabilities
Silver corf iflcates
Total
Legal tenders and national-bank notes.
Other resources
7, 383, 670
3, 958, 117
Total
74, 180,011
74, 180,011
REPORT OF THE COMPTROLLER OF THE CURRENCY. 257
STATE BANKS — OFFICIAE.
CALIFORNIA.
July 1, 1887.] [88 banks.
Resources.
Liabilities.
$13, 508, 018
34, 653, 984
17, 995, 633
Capital stock paid in
$31, 061, 935
11, 402, 287
Loans on personal and collateral se-
Surplus fund
Othor undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits
52, 513, 071
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
2, 378, 217
10, 335, 491
3, 188, 231
State, county, and municipal depos-
its
Deposits of State, county, and muni-
cipal disbursing ofiicers
1
1 15, 579, 298
Gold certificates
Due to othor banks and bankers
5, 872, 134
514, 343
Other liabilities
Legal tenders and national-bank notes.
Other resources —
Total
3, 725, 798
Total
101, 364, 670
101, 3G4, 670
Aggregate Resources and Liabilities of 914 State Banks in the United States
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages. . . .
Due from other banks and bankers ... .
Real estate, furniture, and fixtures ....
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes .
Other resources
$23, 653, 410
79, 141,632
269, 897, 676
1,348,583
2, 292, 913
1, 029, 683
351, 472
56, 910
22, 652, 256
54, 184, 825
16, 365, 170
1, 141, 024
-100,182,861
13, 959, 459
Capital stock paid in
$114,830,6G0
Surplus fund
Other undivided profits .
State-bank notes outstanding.
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
Deposits of State county, and mu-
nicipal disbursing ofiicers
34, 115,460
10, 828, 524
138, 973
473,416
390, 821, 688
88, 193
Due to other banks and bankers
Other liabilities
28, 949, 795
6, Oil, 165
Total
586, 257,874
Total
586, 257, 874
8770 cue 87 17
t
258 REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATE BANKS — UNOFFICIAL.
DELAWARE.
June 30, 1887.] [2 banks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
curity
$124, 550
Capital stock paid in
Surplus fund
$356, 000
41, 558
9, 585
Other loans and discounts
Overdrafts
721, 337
Other undivided profits
State-bank notes outstanding
TJ. S. bonds
State bonds
Dividends unpaid
Bank stocks
Other stocks, bonds, and mortgages. . . .
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
2, 506
91, 847
25, 828
448
> 39, 194
11,314
Individual deposits
State, county, and municipal depos-
its
497, 427
Deposits of State, county, and mu-
nicipal disbursing officers
Gold certificates
Silver coins
Silver certificates
Due to other banks and bankers
Other liabilities
73, 924
38, 530
Legal tenders and national-bank notes .
Other resources
Total
Total
1, 017, 024
1, 017, 024
June 30, 1887.]
VIRGINIA.
[39 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
It. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages . . .
Due from other banks and bankers
Real estate, furniture, and fixtures. . .
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes. .
Other resources
$633, 446
3, 548, 348
1,669, 296
94, 903
20, 000
189, 409
276, 810
83, 821
485, 236
894, 581
149,460
52, 670
582', 058
44, 258
Total
8, 724, 296
$1, 900, 255
451,588
199, 125
Other undivided profits
State-bank notes outstanding
14, 187
5, 956, 769
17,787
28, 832
117, 005
38, 748
Individual deposits
State, county," and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing ofiicers
Due to other banks and bankers
Total
8, 724, 296
WEST VIRGINIA.
June 30, 1887.] [14 banks.
Loans on real estate
Loans on personal and collateral se-
curity
$59, 220
3, 092, 776
96, 654
0,112
800
Capital stock paid in
Surplus fund
$819, 855
246, 739
57, 430
13, 701
30, 190
2, 897, 123
Other loans and discounts
Overdrafts
D. 8. bonds
State bonds
Other undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits
State, county, and municipal depos-
R. R. bonds and stocks
Bank stocks
101, 900
Other stocks, bonds, and mortgages...
Due from other banks and bankers
Real estate, furniture, and fixtnres
Current expenses and taxes paid
115, 935
368, 681
156, 888
9, 957
> 291, 780
23, 261
Deposits of State, county, and mu-
7, 188
215, 540
35, 114
Gold certificates
Silver coins
Silver certificates
Due to other banks and bankers
Legal tenders and national-bank notes .
Other resources
Total
Total
4, 322, 970
4, 322, 970
t
REPORT OF THE COMPTROLLER OF THE CURRENCY. 259
June 30, 1887.]
STATE BANKS— UNOFFICIAL.
SOUTH CAROLINA.
[10 banks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
$618, 063
1, 566, 594
624, 630
10, 496
50, 000
Capital stock paid in
Surplns fund
$788, 704
137, 412
228, 355
Other loans and discounts
Overdrafts.
Other undivided profits
Dividends unpaid ..
153
4, 121, 254
Individual deposits
State, county, and municipal depos-
Other stocks, bonds, and mortgages.. .
Due from other banks and bankers —
1, 872, 367
242, 440
123, 055
16, 515
. 279, 212
18
Current expenses and taxes paid
Deposits of State, county, and mu-
nicipal disbursing officers
4, 751
112, 656
’ 10, 005
Gold certificates
Silver coins
Due to other banks and bankers
Other liabilities
Legal tenders and national- bank notes.
Other resources
Total
Total
5, 403, 290
5, 403, 290
GEORGIA.
June 30, 1887.] [16 banks.
Loans on real estate
Loans on personal and collateral se-
$114, 492
3, 969, 921
3, 825, 806
118, 177
Capital stock paid in
Surplns fund
$2, 738, 850
946,011
310, 991
Other loans and discounts
Overdrafts
Other undivided profits
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages...
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
7,570
12, 000
19, 600
722, 002
496, 308
367, 352
31,113
• 1,045,316
124, 721
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
28, 024
4, 958, 365
70, 119
Gold certificates
Silver coins
Due to other banks and bankers
Other liabilities -
1, 289, 681
512, 337
Legal tenders and national-bank notes .
Other resources
Total -
Total
10, 854, 378
10, 854,378
June 30, 1887.J
FLORIDA
[6 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R, R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers....
Real estate, furniture, and fixtures.
Current expenses and taxes paid
Gold coin
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes .
Other resources
$48, 030
744, 832
28, 672
20, 921
15, 000
150
32, 860
149, 701
395,902
6, 512
134, 367
36, 085
1, 613, 032
Capital stock paid in.
Surplus fund
Other undivided profits.
State-bank notes outstanding.
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other hanks and bankers.
Other liabilities
$290, 100
239, 578
137, 012
250
830, 198
695
39, 134
76, 065
1, 613, 032
Total
Total
260 REPORT OF THE COMPTROLLER OF THE CURRENCY.
STATE BANKS— UNOFFICIAL.
ALABAMA.
June 30, 1887.] [7 banks.
Resources.
Liabilities.
Loans on real estate
Capital stock paid in
$735, 000
158, 840
69, 302
Loans on i>ersonal and collateral se-
curity
$524, 918
1, 150, 098
48, 824
Surplus fund
Other loans and discounts
Overdrafts
TJ. S. bonds
Other undivided profits
State-bank notes outstanding
State bond3
R. R. bonds and stocks
1,030
13, 953
Dividends unpaid
491
934, 266
Lank stocks
Individual deposits
State, county, and municipal depos-
its
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
44, 527
225, 661
131, 830
24, 695
'
* 221, 900
13, 958
Deposits of State, county, and mu-
nicipal disbursing officers
1,852
35, 167
4G6, 471
Gold certificates
Silver coins
Silver certificates
Due to other banks and bankers
Other liabilities
Legal tenders and national-banknotes.
Other resources
Total
Total
2,401,389
2, 401, 389
MISSISSIPPI.
J une 30, 1887.] [9 banks.
Loans on real estate -
Loans on personal and collateral se-
$59, 500
423, 473
764, 147
41, 358
Capital stock paid in
Surplus fund
$759, 650
29, 044
68, 490
Other loans and discounts
Overdrafts
Other undivided profits
State-bank notes outstanding
State bonds
R. R. bonds and stocks
31, 290
1, 200
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
50
1, 102, 906
16, 186
Otherstocks, bonds, and mortgages
Due from other banks and bankers ....
Real estate, furniture, and fixtures
Current expenses and taxes paid
84, 062
308, 688
68, 598
16, 421
| 157, 025
213, 116
Gold certificates
Silver coins
Duo to other banks and bankers
Other liabilities
176, 407
16, 145
Legal tenders and national-bank notes .
Other resources
Total
Total
2, 168, 878
2,168,878
June 30, 1887.]
LOUISIANA.
[5 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
TJ. S. bonds
State bonds
It. R. bonds and stocks
Rank stocks
Other stocks, bonds, and mortgages
Duo from other banks and bankers
Real estate, furniture, aod fixtures. . . .
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
$473, 858
1,989,590
2, 795, 628
263, 848
4, 770
546, 701
81,601
228, 642
11,617
1, 914, 995
230, 055
8, 541, 305
Capital stock paid in
$2, 017, 300
Surplus fund
Other undivided profits
260,000
288, 693
State-bank notes outstanding
8, 597
Dividends unpaid 39, 476
Individual deposits 5, 660, 873
State, county, and municipal depos-
its
Doposits of Stato, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
266, 361
r,
8, 541, 305
Total
Total
REPORT OF THE COMPTROLLER OF THE CURRENCY. 261
STATE BANKS— UNOFFICIAL.
TEXAS.
Juno 30, 1887.] [9 banks.
Resources.
Liabilities.
$2, 656
876, 087
540, 584
25, 385
Capital stock paid in
$761, 098
88, 353
124,408
Loans on personal and collateral se-
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
21,400
14. 560
230, 904
132, 230
14, 670
• 389, 791
21,208
Individual deposits
976, 851
13, 499
1,863
74, 110
229, 293
Otherstocks, bonds, and mortgages
Due from other banks and bankers. . . .
Real estate, furniture, and fixtures
Current expenses and taxes paid
State, county* and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
Legal tenders and national-bank notes.
Other resources
Total
Total
2, 269, 475
2, 269, 475
June 30, 1887.]
ARKANSAS.
[G banks.
Loans on real estate
Loans on personal and collateral se-
$75, 276
407, 772
13, 000
14, 342
9, 000
53, 551
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
4, 000
28, 281
203, 153
28, 023
2, 138
• 128, 168
34
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver certificates
Legal tenders and national-bank notes.
Other resources
Total
966, 738
Capital stock paid in
$265, 000
44, 244
7, 189
Other undivided profits
State-hank notes outstanding
593, 264
State, county,' and municipal depos-
Deposits of State, county, and mu-
nicipal disbursing officers
52, 391
3, 650
1,000
Due to other banks and bankers
Other liabilities
Total
906, 738
June 30, 1887.]
TENNESSEE.
[27 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
TJ. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Otherstocks, bonds, andmortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Otlier resources
$98, 111
4, 754, 492
1, 439, 955
232, 951
4,793
679
47, 374
49, 953
418, 708
1, 095, 163
221, 612
51, 392
1, 050, 786
146, 332
Capital stock paid in
$2, 924, 254
153, 987
479, 701
Dividends unpaid
17, 498
5, 590, 552
3, 922
12, 960
302, 561
126, 916
State, county,* and municipal depos-
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other hanks and hankers
Other liabilities
9, 612, 351
9, 612, 351
Total
Total
262 REPORT OF THE COMPTROLLER OF THE CURRENCY
STATE BANKS— UNOFFICIAL.
June 30, 1887.]
ILLINOIS.
[48 banks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
T7. S. bonds
State bonds
It. R. bonds and stocks
Rank stocks
Otherstocks, bonds, andmortgages
Due from other hanks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notos .
Other resources
Total
$594, 014
4, 165, 881
833, 465
105,211
138, 285
7, 100
1, 000
74, 975
223, 234
1, 420, 245
430, 744
29, 470
} 921, 557
51, 325
8, 996, 506
Capital stock paid in
Surplus fund
$1,655,500
676, 927
213, 568
Other undivided profits
State-bank notes outstanding
Dividends unpaid
116, 277
5, 178, 069
669, 640
85, 805
228, 096
172, 624
Individual deposits
State, county," and municipal depos-
Deposits of State, county, and mu-
Duo to other banks and bankers.
Other liabilities
Total
8, 996, 506
June 30, 1887.]
KANSAS.
[149 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
TJ. S. bonds
State bonds
R. R. bonds and stocks
Rank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins ]
Gold certificates I
Silver coins S
Silver certificates
Legal tenders and national-bank notes - J
Other resources
$1,442,835
8, 338, 434
1,613, 426
184, 098
14, 365
7, 457
43, 800
401,358
2, 603, 194
904, 562
576, 135
2, 383, 193
274, 571
Total
18, 787, 428
Capital stock paid in
$6, 618, 545
Surplus fund
Other undivided profits
490, 117
880, 004
State-bank notes outstanding
29, 095
Dividends unpaid
18, 121
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
9, 151, 626
165, 117
210, 054
Due to other banks and bankers
Other liabilities
345, 834
878, 915
Total
18, 787, 428
June 30, 1887.]
NEBRASKA.
[140 banks.
Loans on real estate
$1, 007, 453
4, 937, 864
360, 682
112, 921
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
25, 376
100
24, 500
67, 860
1, 326, 692
672, 956
118, 848
]
l 601, 807
76, 323
K. It. bonds and stocks
Rank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current oxpenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
9, 333, 442
Capital stock paid in
Surplus fund
$2, 804, 006
340, 922
455, 075
38, 500
11, 239
4, 830, 266
147, 581
State-bank notes outstanding
State, county, and municipal depos-
Deposits of State, county, and mu-
Due to other banks and hankers
Other liabilities
173,315
465, 938
Total
9, 333, 442
REFORT OF THE COMPTROLLER OF THE CURRENCY. 2G3
STATE BANKS-UNOFFICIAE.
COLORADO.
June 30, 1887.] [8 banks.
Resources.
Liabilities.
$214, 693
1, 532, 677
4, 875
30, 717
Capital stock paid in
$505, 000
83, 778
84, 777
Loans on personal and collateral so-
Surplus fund
Other undivided profits
State-bank notes outstanding . .
10,410
Dividends unpaid
Individual deposits
2, 279, 135
28, 258
1, 887
42, 178
115, 000
Otherstocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
155
808, 987
50, 057
18, 604
- 461, 273
7, 565
Stato, county’ and municipal depos-
its
Deposits of State,, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
Legal tenders and national-bank notes .
Total
Total
3,140,013
3, 140, 013
ORE GON,
June 30, 1887.] [4 banks.
$47, 736
179, 541
12, 333
1, 611
Capital stock paid in
$170, 000
15, 162
10, 261
Loans on personal and collateral se-
Surplus fund
Other loans and discounts
Other undivided profits
State-bank notes outstanding
U. S. bonds
State bonds
Dividends unpaid
377
173, 390
It. It. bonds and stocks
Bank stocks
Individual deposits
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
42, 210
22, 193
1,443
j- 60, 369
4,020
State, county "and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Gold certificates
Due to other banks and bankers
Silver certificates
Other liabilities
2, 266
Legal tenders and national-bank notes.
Other resources......
Total
371, 456
371, 456
Aggregate Resources .and Liabilities of 499 State Banks in the United States.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts..
17. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes .
Other resources
$5, 613, 963
41,053, 200
16,494,483
1, 047, 027
237, 243
612, 720
459, 257
324, 555
5, 057, 846
10, 590, 056
4,109,932
982, 648
•10,662,857
1, 278, 184
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
$26, 169, 717
4,404,260
3, 623, 966
89, 983
276, 333
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
55, 738, 334
1, 132, 109
408,278
Due to other banks and bankers
Other liabilities
3, 495, 619
3, 185, 372
98, 523, 971
98, 523, 971
Total
Total
264 REPORT OF THE COMPTROLLER OF THE CURRENCY
STATE BANKS— OFFICIAL. AND UNOFFICIAL.*
Aggregate Resources and Liabilities of State Banks from 1882 to 1887.
Resources ancl liabilities.
Resources.
1882-’83.
754 banks.
1883-’84.
817 banks.
1884-’85.
975 banks.
1885-’86. 1886-’87.
849 banks. 1,413 banks.
loans on real estato
Loans on pers’l and collat’l security
Other loans and discounts
Overdrafts
U. S. bonds
State, county, and municipal bonds,
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages.
Due from other banks and bankers.
Real estate, furniture, and fixtures. .
Current expenses and taxes paid...
Gold coins
G old certificates
Silver coins
Silver certificates
Legal tenders and nat’l-bank notes.
Checks and other cash items
Other resources
Total
Liabilities.
$322,358,227
1, 392, 961
5, 287, 606
1 22, 083, 304
58,709, 516
13, 592,791
918, 403
j- 17, 429, 817
25, 302, 316
35, 118, 379
9, 943, 706
512, 137, 026
$331, 049, 510
1, 262, 725
2, 337, 705
31, 452, 019
48, 836, 689
15, 058, 411
1, 025, 237
25, 376, 565
28, 7S7, 615
28, 219, 414
7, 671, 876
521, 077, 766
$347, 880, 520
1, 349, 998
2, 994, 806
32, 644, 859
59, 062, 405
15, 873, 312
1, 130, 883
29, 867, 724
30, 994, 221
25, 972, 922
5, 791, 111
553, 562, 761
$331, 183, 626
1, 169,
4, 392,
388
421
27, 194, 693
49, 747,
14, 605,
1,047,
429
853
782
24, 734, 684
14, 726,
51, 668,
8, 224,
940
218
886
528, 695, 920
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits
State, county, and municipal de-
posits
Deposits of State, county and mu-
nicipal officers
Due to other banks and bankers
Other liabilities
102, 454, 861
25, 762, 738
11, 287, 623
187, 978
442, 652
334, 995, 702
20, 651, 930
16, 353, 542
110, 020, 351
31, 483, 942
12, 718, 894
177, 554
473, 735
325, 365, 669
125, 258, 240
30, 669, 575
11, 574, 736
98, 129
493, 926
344, 307, 996
109, 611, 596
27, 813, 508
10, 095, 760
103, 430
430, 699
342, 882, 767
27, 125, 108
13, 712, 513
29, 950, 453
11, 209, 706
27, 800, 280
9, 957, 880
Total
512, 137, 026
521, 077, 766
553, 562, 761
528, 095, 920
$29, 267, 373
120, 194, 832
286, 392, 159
2, 395, 610
2, 530, 156
1, 642, 403
810, 729
381, 465
27. 710. 102
64, 774, 881
20. 475. 102
2, 123, 672
110, 845, 718
15, 237, 643
684, 781, 845
141, 000, 377
38, 519, 720
14, 452, 490
228, 956
749, 749
446, 560, 022
1, 132, 109
496, 471
32, 445, 414
9, 196, 537
684, 781, 845
Official only, prior to 1886-'87.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 2G5
LOAS AND TRUST COMPANIES-OFFICIAL .
MAINE .
September 25 and October 5, 1886.] [2 companies.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
$107, 141
15, 907
398, 438
Capital stock paid in
Surplus fund
$190, 297
16, 440
17, 225
Other loans and discounts
Overdrafts
Other undivided profits
State-bank notes outstanding
3,516
43, 025
75, 931
12, 801
32, 863
*69, 221
3, 904
1,198
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
822
539, 161
Deposits of State, county, and mu-
nicipal disbursing officers
Gold certificates
Silver certificates
Other liabilities
Legal tenders and national-bank notes .
Total
Total
763, 945
763, 943
* Includes cash on hand.
NEW HAMPSHIRE.
March 31, 1887.] [1 company.
Loan^ on real estate
$543, 205
227, 710
Loans on personal and collateral se-
Other loans and discounts
Overdrafts
State bonds
2,582
R.'R. bonds and stocks
Bank stocks
500
15, 000
9, 058
1, 929
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
• 4, 305
30, 214
Silver coins
Silver certificates
Legal tenders and national-hank notes.
Other resources
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
$200, 000
27, 350
23, 209
Dividends unpaid
Individual deposits
State, county, and municipal dopos
its
Deposits of State, county, and mu-
nicipal disbursing officers
110, 984
Due to other banks and bankers
Other liabilities
400, 900
Total
834, 503
Total
834, 503
MASSACHUSETTS.
October, November, and December, 1886.] [9 companies.
Loans on real estate
$9, 128, 260
Lqans on personal and collateral se-
curity
Other loans and discounts
25, 172, 919
Overdrafts
17. S. bonds
2, 438, 506
State bonds
R. R. bonds and stocks...
Bank stocks
Other stocks, bonds, and mortgages...
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
7, 946, 290
805, 106
839, 044
90, 348
- 4,167,516
370, 471
Gold certificates
Silver certificates
Legal tenders and national-bank notes .
Other resources
Total
50, 958, 460
Capital stock paid in
$4, 150, 000
415, 202
659, 075
Surplus fund
Other undivided profits
Dividends unpaid
194, 518
43, 972, 419
State, county,* and municipal depos-
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
30, 329
1, 536, 917
Total
50, 958,460
266 REPORT OF THE COMPTROLLER OF THE CURRENCY,
JLOA1V AND TRUST COIttPANIES-OFFICIAU.
■October 1, 1886.]
CONNECTICUT.
[7 companies.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
curity ..
Other loans and discounts
Overdrafts
TJ. S. bonds
State bonds
B. It. bonds and stocks
Rank stocks
Otherstocks, bonds, andmortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
$380, 282
2, 095, 417
696, 609
674, 436
294, 027
13, 489
142, 307
Total
4, 296, 567
Capital stock paid in
$986, 600
Surplus fund
Other undivided profits
251, 990
State-bank notes outstanding
Dividends unpaid 3, 457
Individual deposits 2,829,975
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
224, 545
Total
4, 296, 567
NEW YORK CITY.
October 1, 1886.] [15 companies.
$13, 900, 000
8, 659, 852
7, 268, 965
Loans on personal and collateral se-
Other loans and discounts
$104, 719, 444
1, 055
24, 454, 821
Other undivided profits
TJ. S. bonds
State-bank notes outstanding
278, 757
Otherstocks, bonds, andmortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
•Current expenses and taxes paid
19, 470, 876
11, 562, 193
5, 997, 556
8,579
1
|
Individual deposits
139, 348, 535
State, county* and municipal depos-
its
Deposits of State, county, and mu-
j- 6,752,751
Due to other banks and bankers
846, 149
4, 379, 233
Legal tenders and national-bank notes.
J
1, 714, 216
Total
174, 681, 491
Total
174, 681, 491
October 1, 1886.]
NEW YORK STATE.
1 5 companies.
Loans on real estate
Loans on porsonal and collateral se-
curity
Other loans and discounts
Overdrafts
17. S. bonds
State bonds
It. R. bonds and stocks
Bankstocks
Otherstocks, bonds, and mortgages
Duo from other banks and bankers....
Real estate, furniture, and fixtures
Current expenses and taxos paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Gtuer resources... j
$9, 220, 882
203
1, 506, 993
2, 483, 617
1,315,317
195, 134
149, 403
71,383
14, 942, 792
Capital stock paid in
$1,431,900
Surplus fund
Other undivided profits
173, 358
609, 738
State-bank notes outstanding
Dividends unpaid 48, 425
Individual deposits 12, 558, 214
Stato, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
Total
35, 000
26, 157
14, 942, 792
Total
REFORT OF THE COMPTROLLER OF THE CURRENCY. 267
LOAN AND TRUST COMPANIES— OFFICIAL.
MINNESOTA.
July 23, 1887.] [3 companies.
Resources.
Liabilities.
$908, 427
51, 139
Capital stock paid in
$1, 000, 000
50, 000
75, 860
Loans on personal and collateral se-
Surplus fund
State-bank notes outstanding
IT S bonds
Dividends unpaid
Individual deposits
434, 083
Other stocks, bonds, and mortgages.. ..
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
2, 950
80, 908
317, 217
19, 164
| 2, 543
197, 595
State, county,* and municipal depos-
its
Deposits of State, county, and mu-
Dne to other banks and bankers
Other liabilities
20, 000
Legal tende rs and national-bank notes .
Other resources
Total
Total
1, 579, 943
1, 579, 943
1
Aggregate Resources and Liabilities oe 42 Loan and Trust Companies in
the United States.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
TT. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes .
Other resources
$11, 067, 315
294, 756
141, 607, 100
1,318
28, 403, 836
45, 607
75, 931
13, 201
30, 648, 205
14, 516, 239
7,648, 811
132, 778
-11, 218,823
2,383,681
248, 057, 701
Capital stock paid in
Surplus fund
Other undivided profits.
State-bank notes outstanding
Dividends unpaid
$21, 858, 797
9, 594, 192
8, 714, 132
525, 979
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
199, 799, 370
Due to other banks and bankers 1, 136, 023
Other liabilities ...... 6, 429, 208
248, 057, 701
Total
Total
268 REPORT OF THE COMPTROLLER OF THE CURRENCY.
LOAN ATVO TRUST COMPANIES — UNOFFICIAL.
PHILADELPHIA, PA.
June 30, 1887.] [10 companies.
Resources.
Liabilities.
Loans on real estate
$2, 17S, 174
36, 216, 489
36, 728
11,492
383, 881
132, 541
7, 324, 417
117,350
5, 650, 168
3, 801, 931
3, 379, 776
169, 098
869, 011
Capital stock paid in
$12, 241, 972
5, 988, 438
2, 536, 009
Loans on personal and collateral so-
Surplus fund
Other loans and discounts
Other undivided profits
State-bank notes outstanding
U. S. bonds
State bonds
Dividends unpaid
35, 086
40, 244, 593
38, 084
R. R. bonds and stocks
Bank stocks
Individual deposits
Other stocks, bonds, andmortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
State, county) and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Gold certificates
Due to other banks and bankers
4, 303, 872
Silver coins
Silver certificates
19, 881
1, 516, 281
3, 111, 084 (
469,752
Other liabilities
Legal tenders and national-bank notes.
Checks and other cash items
Total
Other resources
Total
65, 388, 054
65, 388, 054
MISSOURI.
J une 30, 1887.] [2 companies.
/
Loans on real estate
Loans on personal and collateral so-
$881, 263
32, 773
3,324,382
Capital stock paid in
$1, 200, 000
Other loans and discounts
Overdrafts
Other undivided profits
State-bank notes outstanding
50, 850
U. S. bonds
State bonds
20,190
42, 536
R. It. bonds and stocks
Bank stocks
Individual deposits
State, county, and municipal depos-
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
15, 188
316, 956
17, 494
1,828
• 52, 465
1,747
Deposits of State, county, and mu-
Gold certificates
Silver coins
T)ha to other banks and bankers
Silver certificates
1, 330, 520
Legal tenders and national-banknotes.
Other resources
Total
Total
2, 644, 096
2, 644, 096
NEBRASKA.
June 30, 1887.] [4 companies.
Loans on real estate
$2, 143, 241
$1,055, 000
259, 163
50, 535
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
314, 609
Other undivided profits
State-hank notes outstanding
U. S. bonds
State bonds
R. It. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from other banksand bankers....
Real estate, furnituro, and fixtures. . . .
Curront expenses and taxes paid
Gold coins
2, 000
115, 317
160, 377
41,191
129, 805
> 34, 679
04, 587
Individual deposits^.
State, county, and ‘municipal depos-
104,212
Deposits of State, county, and mu-
Gold certificates
Silver coins
Silvor certificates
Due to other banks and hankers
167, 002
1, 399, 894
Legal tenders and national-banknotes.
Other resources
Total
Total
3, 035, 800
3, 035, 806
REPORT OF TIIE COMPTROLLER OF TIIE CURRENCY
269
LOAN AND TRUST COMPANIES— UNOFFICIAL.
Aggregate Resources and Liabilities op 16 Loan and Trust Companies
in tiie United States.
Resources.
Liabilities.
Loans on real estate s - .
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
IT. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Otherstocks, bonds, and mortgages. . . .
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver ooins
Silver certificates
Legal tenders and national-bank notes.
Other resources
$5, 202, 078
36, 249, 262
1, 675,719
11,492
383, 881
132,541
7, 324, 417
119, 350
5, 780, 673
4, 279, 264
3, 438, 461
300, 731
•5, 603,401
566, 086
Total
71, 067, 956
Capital stock paid in
Surplus fund
$14, 496, 972
0, 247, C01
2, 637, 394
Other undivided profits
State-bank notes outstanding
Dividends unpaid
55, 276
40, 391,311
38. 084
Individual deposits
State, county,* and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
4, 470, 874
2, 730, 414
Other liabilities
Total
71, 007, 956
270 REPORT OF THE COMPTROLLER OF THE CURRENCY
LOAN AND TRUST COMPANIES— OFFICIAL AND UNOFFI-
CIAL.
Aggregate Resources and Liabilities op Loan and Trust Companies prom
lb82 TO 1887.
Resources and liabilities.
Resources.
1882-'83.
1 883-’84.
1884-’85.
34 banks. 33 banks.
Loans on real estate
Loans on pers’l and collat’l security
Other loans and discounts
Overdrafts
TJ. S. bonds
State, county, and municipal bonds .
R. R. bonds and stocks
Bank stocks -
Other stocks, bonds, and mortgages.
Due from other banks and bankers
Real estate, furniture, and fixtures .
Current expenses and taxes paid . . .
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and nat’l-bank notos.
Checks and other cash items
Other resources
Total.
Liabilities.
•
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits
State, county, and municipal de-
posits
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers —
Other liabilities
^140,022,358
100, 675
17,437, 990
1 30, 322, 420
9, 501, 148
6, 567, 756
213, 183
j- 825, 483
2, 956, 753
88, 483
4, 246, 338
J
212, 342, 587
22, 778, 175
8, 812, 723
6, 788, 987
22, 359
165, 378, 515
Total.
267, 006
8, 294, 822
212, 342, 587
$158, 018, 009
367, 749
23, 371, 084
27, 879, 858
16, 517, 457
6, 152, 771
209, 842
552, 192
3, 871. 990
88; 802
2, 841, 937
239, 871,691
23, 938, 600
10, 191,544
9, 619, 067
25, 282
188, 745, 922
761, 888
6, 589, 388
239, 871, 691
40 banks.
1885-’86. 1886-’87.
42 banks. 58 banks
$141, 542, 649
135, 919
25, 370, 400
29, 750, 200
23, 458, 985
8, 759, 291
302, 052
1,388, 065
8, 557, 796
94, 672
9, 023, 054
248, 389, 683
20, 428, 600
10, 095, 984
8, 508, 000
19, 251
188, 417, 293
197, 893
14, 122, 662
248, 389, 683
$156, 828, 458
419
27, 985, 658
43, 816, 716
16, 160, 112
9, 774, 575
604, 497
• 19, 044, 510
3, 439, 646
278,314,591
27, 644, 150
21, 671, 152
2, 849, 549
38, 900
214, 063, 415
192, 243
11,855, 182
278, 314, 591
$16, 269, 993
36, 544, 018
143,282,819
12, 810
28, 787, 717
178, 148
7, 400, 348
132, 651
36, 428, 878
18, 795, 503
11,087,272
433, 509
16, 822, 224
2, 949, 767
319, 125, 657
36, 365, 769
15,841. 79!
11,351,526
581,255
240, 190,711
38, 084
5, GOO, 897
9, 159, 622
319, 125, 657
REPORT OF TIIE COMPTROLLER OF THE CURRENCY. 271
SAVINGS BANKS-OFFICIAL.
MAINE .
November 1, 1886.] [54 banks.
Resources.
Liabilities.
Loans on real estate
Loans ou personal and collateral se-
$6,113, 414
4, 760, 804
3, 207, 929
8, 215, 531
1,900, 238
12, 526, 728
Other stocks, bonds, and mortgages...
Real estate, furniture, and fixtures
1, 102, 727
• 1,063,749
584, 018
Legal tenders and national-bank notes.
Other resources
Capital stock paid in
Surplus fund $1, 429, 363
Other undivided profits . . 770, 499
State-bank notes outstanding
Dividends unpaid 60, 204
Individual deposits 37,215,072
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
Total
39, 475, 138
Total
39, 475, 138
March 31, 1887.]
NEW HAMPSHIRE.
[66 banks.
Loans on real estate $25, 320, 569
Loans on personal and collateral se-
curity 7, 382, 859
Other loans and discounts
Capital stock paid in
Surplus fund
Other undivided profits
$4, 604, 680
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages. . . .
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
463, 050
7, 063, 047
8, 007, 584
1, 906,815
3, 707, 881
663, 062
708, 724
220, 545
Legal tenders and national-bank notes.
Other resources
State-bank notes outstanding
Dividends unpaid
Individual deposits 50, 822, 762
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities 16, 694
Total
55, 444, 136
Total
55, 444, 13&
VERMONT.
June 30, 1887.] [28 banks.
Loans on real estate
Loans on personal and collateral se-
$9, 714, 717
1, 981, 732
203, 102
Capital stock paid in
$460, 000
349, 900
426, 212
Other loans and discounts
Other undivided profits
State-banknotes outstanding
TJ. S. bonds
261, 460
3, 151, 781
State bonds
R. R. bonds and stocks
Dividends unpaid
Bank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
368, 298
625, 706
218, 474
> 135, 259
213, 309
Individual deposits
State, county, and municipal depos-
its
15,587, 050
Deposits of State, county, and rnu-
Gold certificates
50, 076
Legal tenders and national-bank notes.
Other resources
Total
Total
10, 873, 838
16, 873, 838
272 REPORT OF THE COMPTROLLER OF THE CURRENCY.
SAVINGS BANKS — OFFICIAL.
MASSACHUSETTS.
October 30, 18S6.] [172 banks.
Resources.
Liabilities.
Loans on real estate
$112, 208, 878
82, 309, 472
Capital stock paid in
Loans on personal and collateral se-
curity
Surplus fund
$12, 928, 350
Other loans and discounts
Other undivided profits
Overdrafts
State-bank notes outstanding
TT. S. bonds
10, 393, 028
32, 921, 245
17, 224, 968
26, 722, 512
12,161, 761
5, 300, 447
1
• 859, 428
4, 301, 338
State bonds
R. R. bonds and stocks
Dividends unpaid
Bank stocks
Otherstocks, bonds, andmortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Individual deposits
State, county, and municipal depos-
its I
291,197, 900
Deposits of State, county, and mu-
nicipal disbursing officers
Gold certificates
Silver coins
Silver certificates
276, 827
Legal tenders and national-bank notes .
Other resources
Total
Total
304, 403, 077
304,403,077
November 6, 1886.]
RHODE ISLAND.
[37 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
TT. S. bonds
State bonds
It. It. bonds- and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due irom other banks and bankers
Iteal estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
$22, 030, 587
9, 356, 151
800, 000
9, 241, 792
7, 362, 814
2, 700, 908
93, 260
2, 707, 849
• 1,187,335
630, 389
Capital stock paid in
Surplus fund
Other undivided profits
$44, 500
2, 752, 748
State-bank notes outstanding
Dividends unpaid
Individual deposits 53,284,821
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities 29, 046
Total
56, 111, 115
Total
56,111, 115
October 1, 1886. ]
CONNECTICUT.
[85 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
It. R. bonds and stocks
Bank stocks
Otherstocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Ot her resources
$40, 538, 284
3, 481, 725
6, 489, 675
3, 116, 542
16, 082, 995
18, 154, 126
6, 171, 639
*3, 355, 874
4, 738, 928
602, 140
Capital stock paid in
Surplus fund $3,395,730
Other undivided profits 1,449,901
State-bank notes outstanding
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
97, 424, 820
Due to other banks and bankors
Other liabilities 421, 377
Total
102, 091, 828
Total
102, 691, 828
Includes cash on hand.
REPORT OF THE COMPTROLLER OF T1IE CURRENCY
273
SAVINGS BANKS— OFFICIAL,.
January 1, 1887. J
NEW YORK.
[115 banks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
$169,972,875
14, 530, 030
134, 984, 410
140, 044, 704
Duo from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
30, 795, 122
8, 034, 653
1, 590, 907
• 5,836,998
’ 62, 497, 108
Legal tenders and national-bank notes.
Other resources
Capital stock paid in
Surplus fund
Other undivided protits
State-bank notes outstanding
Dividends unpaid
$85, C33, 329
Individual deposits 482, 486, 730
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities - 166, 808
Total
568, 286, 867
Total
568, 286, 867
December 31, 1886.]
NEW JERSEY.
[25 banks.
$9, 579, 425
1, 586, 137
Capital stock paid in ...
Loans on personal and collateral se-
Surplus fund
$2, 412, 877
State-bank notes outstanding
10, 395, 382
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
27, 482, 135
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
5, 283, 653
837. 936
1, 135, 531
> 371, 713
886, 449
Deposits of State, county, and mu-
Gold certificates
181, 214
Legal tenders and national-bank notes .
Other resources
Total
Total
30, 076, 226
30, 076, 226
MARYLAND.
March 1 and September 30, 1887.] [2 banks.
Loans on real estate
Loans on personal and collateral se-
curity
$109, 737
Capital stock paid in
$30, 105
Other liians and discounts
121, 616
Other undivided profits
14, 879
TJ. S. bonds
State bonds
II. R. bonds and stocks
Lank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
200
6, 000
7, 928
1, 000
4, 809
5,496
• 1, 155
13, 297
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
9, 252
204, 125
Deposits of State, county, and mu-
Gold certificates
Silver coins
Silver certificates
Due to other banks and bankers
Other liabilities
6,582
6, 295
Legal tenders and national-bank notes.
Other resources
Total
Total
271, 238
271, 238
8770 CUR 87 18
274 REPORT OF THE COMPTROLLER OF THE CURRENCY.
SAVINGS BANKS— OFFICIAL.
WASHINGTON, D. C.
June 30, 1887.] [1 bank.
Resources.
Liabilities.
Loans on real estate
$112, 563
234, 268
\
•
Loans on personal and collateral se-
curity
Surplus fund
Other loans and discounts
$11,464
Overdrafts
U. S. bonds
160, 000
30, 000
21,000
Dividends unpaid
R. R bonds and stocks
Individual deposits
834, 524
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures.
227, 500
4, 546
State, county, and municipal depos-
Current expenses and taxes paid
Gold coins
7, 272
400
Deposits of State, county, and mu*
Gold certificates
1,287
7, 500
10, 650
29, 002
Silver certificates
Other liabilities
Legal tenders and national-bank notes .
Total
Total
845, 988
845, 988
NORTH CAROLINA.
June 30. 1887.] [1 bank.
Loans on real estate
Loans on personal and collateral Be-
$1, 000
Capital stock paid in
Surplus fund
$5, 991
Other loans and discounts
8, 606
Other undivided profits
State-bank notes outstanding
374
State bonds
3, 100
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
11, 307
Otborstocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
1, 500
1, 021
957
17
Deposits of State, county, and mu-
Due to other banks and hankers
109
Silver certificates
Other liabilities
Legal tenders and national-bank notes .
Other resources
Total
1, 360
2
Total
17, 672
17, 672
OHIO.
April 7, 1887.] ' [4 banka.
$4, 394, 655
Capital stock paid in
Loans on personal and collateral so-
Surplus fnnd
$70, 0( 0
318, 320
Other loans and discounts
1, 131, 103
Other undivided profits
State-bank notes outstanding
2, 255, 000
500, 000
State bonds
Dividends unpaid
Individual deposils
State, county, and municipal depos-
it a
15, 065, 659
Other stocks, bonds, and mortgages . . .
Due from other banksand bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
6, 693, 884
91.7, 451
247, 406
16,880
| 4, 334
221,366
22, 366
Deposits of State, county, nml mu-
nicipal disbursing officers.*
Gold certificates
Duo to other banks and bankers
Other liabilities
1, 000, 000
Legal tenders and national-bank notes.
Other resources
Total
Total
16, 453, 985
10, 453, 085
REPOET OF THE COMPTROLLER OF THE CURRENCY. 275
SAVINGS BANKS— OFFICIAL..
INDIANA.
October SO, 1886.] [C banks.
Resources.
Liabilities.
$1, 645, 330
Loans on personal and collateral se-
Surplus fund
$168, 853
43, 607
Other undivided profits
State-bank notes outstanding
127, 397
2, 312, 013
Other stocks, bonds, and mortgages
Due from other bauks and bankers. . . .
91, 830
State, county, and municipal depos-
Real estate, furniture, and fixtures
Current expenses and taxes paid
133, 8T0
8,503
- 354, 832
206, 655
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
43, 854
Legal tenders and national-bank notes.
Total
Total
2, 568, 417
2, 568, 417
June 30, 1887.]
IOWA.
[37 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
IT. S. bonds
State bonds
R. R. bonds and stocks
Rank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes
Other resources
Total.
$10, 326, 774
67, 081
1, 461,610
339, 843
• 471, 039
12, 666, 347
Capital stock paid in
Surplus fund
Other undivided profits.
State-bank notes outstanding.
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its -.
Deposits of State, county, aDd mu-
nicipal disbursing officers
Due to other banks and bankers.
Other liabilities
Total .
$2, 128, 693
218, 801
273, 403
9,969,019
76,431
12, 666, 347
MINNESOTA.
July 23, 1887.] [7 banks.
Loans on real estate
$1, 918,298
768, 237
*$150, 000
103, 985
34, 923
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
10, 276
55, 000
TJ. S. bonds
State bonds
52, 852
3, 891, 050
R. R. bonds and stocks
Bank stocks
Individual deposits
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
662,712
650, 883
68, 514
10, 241
4,639
State, county,’ and municipal depos-
Deposits of State, county, and mu-
Gold certificates
4, 988
4,495
Silver coins
3, 387
Silver certificates
Other liabilities
Legal tenders and national-bank notes.
Other resources
79, 558
11, 146
Total
4, 242, 891
4, 242, 891
Of two banks only.
276 REPORT OF THE COMPTROLLER OF THE CURRENCY
SAVINGS BANKS-OFFICIAL.
June 30, 1887.]
CALIFORNIA.
[24 banks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds ,
State bonds
R. R. bonds and stocks
Bank stocks
Otberstocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes
Other resources
$42, 963, 926
1, 000, 815
8, 571, 063
- 17, 860, 209
1, 609, 286
3, 104, 8T6
| 1,994,883
479, 544
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
$4, 216, 377
2, 731, 089
Individual deposits
State, county, and municipal depos-
its
70, 077, 893
Deposits of State, county, and mu-
nicipal disbursing officers
Duo to other banks and bankers
Other liabilities
591
558, 652
Total
77, 584, 602
Total
77, 584, 602
Aggregate Resources and Liabilities of 664 Savings Banks in the United
States, 1886-’87.
Loans on real estate .
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Otberstocks, bonds, androortgages
Duo from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates -
Silver coins
Silver certificates
Legal tenders and national-bank notes .
Other resources
$446, 624, 258
122, 631,426
31, 612, 743
77, 357
166, 219, 198
209, 038, 804
58, 992, 053
39, 778, 238
47, 150, 157
53, 139, 067
27, 848, 385
1, 633, 313
>12, 842, 682
70, 425, 624
Total
1,288,013,365
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
*$6, 991, 166
114, 091, 457
6, 090, 426
122, 308
Individual deposits
State, county, and municipal depos-
its .
157,807,483
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers 88, 588
Other liabilities 2, 755, 937
Total
1,288,013,305
Of 84 banks.
REPORT OF THE COMPTROLLER OF THE CURRENCY. 277
SAVINGS BANKS— UNOFFICIAL..
June 30, 1887.]
PHILADELPHIA, PA.
[5 banks.
Resources.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
TJ. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds,and mortgages —
Due from other banks and bankers
Read estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national -bank notes .
Other resources
$6, 889, 383
9, 130, 310
4, 558, 502
5, 251, 080
3, 110, 778
13, 723,201
459, OSO
55, 680
1, 018, 040
100, 000
1, 100, 847
1,318
”122, *397
1, 013, 933
Total
46,531,275
Liabilities.
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
$444, 700
2, 953, 782
857, 442
6, 250
Individual deposits ... 42, 219, 099
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing ollioers
Due to other banks and bankers
Other liabilities 50, 002
Total
46, 531, 275
June 30, 1887.]
DELAWARE.
[2 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
1J. S, bonds
State bonds
R. R. bonds and%tocks
Bank stocks
Other stocks, bonds, and mortgages. ..
Due from other banks and bankers
Real estate, furniture, and fixtures —
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes. ,
Other resources
$385, 560
81, 670
52, 601
2, 053, 407
’i67,785
35, 822
264, 287
Capital stock paid in
Surplus fund $269, 740
Other undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits 2, 771, 392
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
Total
3, 041, 132
Total
3, 041, 132
MARYLAND.
June 30, 1887 .] [8 banks.
Loans on real estate
$2, 451, 457
2, 729, 974
451, 362
Capital stock paid in
Loans on personal and collateral se-
curity
$1,119,870
22, 827
Other loans and discounts
Overdrafts
Other undivided profits
IT. S. bonds
8, 197, 000
3, 603, 531
1, 487, 728
222, 606
321, 679
180, 838
442, 461
19, 504
• 198, 110
232, 225
State bonds
R. R. bonds and stocks
Bank stocks
Otherstocks, bonds, andmortgages
Dne from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
2, 284
18, 816, 837
Deposits of State, county, and mu-
Gold certificates
Silver coins
Silver certificates
Due to other banks and bankors
Other liabilities
2, 200
580, 517
Legal tenders and national-bank notes.
Other resources
Total
Total
20, 544, 535
20, 544, 535
278 REPORT OF THE COMPTROLLER OF THE CURRENCY,
June 30, 1887.]
SAVINGS BANKS— UNOFFICIAL..
CHICAGO, ILL.
[5 banks.
Liabilities.
Capital stock paid in
$2, 655, 000
' 1, 260, 461
228, 238
Surplus fund
Other undivided profits
State- bank notes outstanding ....
Dividends unpaid. . -
62, 544
14, 061, 258
Individual deposits
State, county* and municipal depos-
Resources.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts ..
U. S bonds
State bonds
R. R. bonds and stocks
Bank stoeks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
Total
$1, 476, 568
10, 685, 865
1, 282, 150
12, 768
581, 470
11, 642
324, 219
34, 175
699, 304
1, 728, 142
163, 079
2, 633
2, 690, 126
58, 276
19, 530, 417
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
Total . .
1, 262, 916
19, 530, 417
Aggregate Resources and Liabilities of 20 Savings Banks in the United
States.
Loans on real estate
Loans on personal and collateral se-
$10, 817, 408
22, 921, 709
6, 292, 074
12, 768
14, 029, 556
6, 725, 951
15, 416, 878
289, 442
3, 534, 070
1, 970, 660
1, 791, 365
128, 137
• 5,162,553
554, 788
Capital stock paid in
Surplus fund
$3, 099, 700
Other loans and discounts
Overdrafts
Other undivided profits
State-bank notes outstanding
1, 108, 507
State bonds
R. R. bonds and stocks
Bank stocks
Otherstocks, bonds, and mortgages
Due from other hanks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Dividends unpaid -
Individual deposits
State, county, and municipal depos-
71,078
77, 868, 586
Deposits of State, county, and mu-
nicipal disbursing officers
Gold certificates
Silver coins
Due to other banks and bankers
Other liabilities
2. 200
1, 893, 435
Legal tenders and national-bank notes.
Other resources
Total
Total
89, 647, 359
89, 647, 359
REPORT OF THE COMPTROLLER OF THE CURRENCY. 279
SAVINGS BANKS— OFFICIAL AND UNOFFICIAL.*
Aggregate Resources and Liabilities of Savings Banks from 1882 to 1887.
Resources and liabilities.
1882-’83.
1883-’84.
1884-’85.
1885-'86.
1886-’87.
630 banks.
636 bauks.
646 banks.
638 banks.
684 banks.
Resources.
$328, 197, 858
155, 871, 522
$358, 686, 040
141,457,111
$389, 953, 928
133, 716, 902
$418,372, 642
127, 677, 702
$457, 441, 666
145, 553, 135
37, 904,817
90, 125
180, 218, 754
215,704,815
74, 408, 931
40, 067, 680
50, 684, 227
55, 109, 727
29, 639, 750
1,761, 450
18, 005, 235
70, 980, 412
Loans on pers'l and co’.lat’l security
219,017,313
190, 629,915
41,695, 701
36,587,817
196, 226, 202
222,218, 006
50, 994, 579
37, 929, 754
191,980, 698
228, 993, 250
59,585,489
38, 460, 603
197,171,307
241, 051, 536
63,511,735
39, 029, 813
State, county, and municipal bonds.
Bank stocks
Other stocks, bonds, and mortgages
Duo from other bauks and bankers.
Real estate, furniture, and fixtures
Current expenses and taxes paid .. .
43,181, 629
37, 224, 601
144, 223
| 12,998,594
53, 235, 771
52, 358, 971
34, 467, 276
156, 944
14, 079, 452
69, 166, 584
46,125,014
32, 174, 810
166, 636
13, 423, 064
68, 445, 304
43,689, 103
30, 984, 883
142,717
19, 757, 941
79, 451, 502
Legal tenders and nat’l-bank notes.
Total
1, 118, 790, 944
1, 177, 740, 919
1, 203, 025, 698
1,260, 840, 941
1, 377, 660, 724
Liabilities.
10, 090, 866
119, 695, 310
7, 204, 933
72, 784, 155
15, 738, 223
82,395,717
16, 904, 753
88, 647, 315
13, 106, 359
96, 924,117
15, 326, 391
Other undivided profits
193, 386
1, 235, 736,069
1, 024, 856, 787
1, 073, 294, 955
1, 095, 172, 147
1, 141, 530, 578
State, county, and municipal de-
posits
Deposits of State, county, and mu-
nicipal disbursing officers
90, 788
4, 649, 372
Other liabilities
5, 411, 779
5, 145, 494
6, 099, 877
7, 059, 855
Total
1 lift TOO 9-tl
11 77 740 919
1, 203, 025, 698
1, 260, 840, 941
1, 377, 660, 724
* Official only, prior to 1886-’S7.
Table, by States, of the Aggregate Deposits of Savings Banks, with the .
Number of their Depositors and the Average Amount Due to Each, in
1885-86 and 18S6-’87.
States.
1885-’86.
1886-’87.
Number of
depositors.
Amount of
deposits.
Average
to each
depositor.
Number of
depositors.
Amount of
deposits.
Average
to each
depositor.
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Pennsylvania
Delaware
109, 398
121,216
49, 453
848, 787
116, 381
256, 097
1, 208, 072
91,681
143, 645
$35, 111, 600
47,231, 919
11,723, 675
274, 998,413
51,816, 390
92, 481,425
457, 050, 250
25, 335, 780
37, 530, 370
$320. 95
389. 65
237. 07
323. 99
445. 23
361. 12
378. 33
276. 35
261. 27
114, 691
• 132,714
53, 810
906, 039
119,159
266, 888
1, 264, 535
98, 137
156, 722
12, 744
59, 565
8,245
*377
*41, 059
9,933
*28, 038
*39, 638
15, 474
*90, 245
$37, 215, 071
50, 822, 762
15, 587, 050
291, 197, 900
53, 284, 821
97, 424, 820
482, 486, 730
27, 482, 135
42, 219, 099
2, 771,392
19, 020, 962
834, 524
11,307
15, 065, 659
2,312,013
14, 061,258
9,969,019
3, 402, 950
70, 077, 899
$324. 47
382. 94
289. 67
321.40
447. 18
365. 04
381. 55
280. 04
269. 39
217.46
319. 33
101.22
30. 00
366. 93
232. 75
501. 51
251.50
219.91
776. 52
Maryland
District of Columbia
North Carolina
*77, 212
7,605
30, 542, 992
793, 943
395. 57
104. 40
Ohio
Indiana
*34, 553
12, 823, 374
371. 12
Illinois
Iowa
Minnesota
California
Total
14, 361
*80,489
3, 654, 528
60, 435, 919
254. 48
750. 86
3, 158, 950
1, 141, 530, 578
361. 36
3, 418, 013
1, 235, 247, 371
361. 39
Estimated.
280 REPORT OF THE COMPTROLLER OF THE CURRENCY.
PRIVATE BANKS-OFFICIAL.
WISCONSIN.
July 4, 1887.] [08 banks.
Resources.
Liabilities.
Loans on real estate
Capital stock paid in
$986, 435
479, 036
Loans on personal and collateral se-
Surplus fund
Other loans and discounts
$5, 256, 408
108, 656
Other undivided profits
Overdrafts
TJ. S. bonds
State bonds
Dividends unpaid
R» R. bonds and stocks
Bank stocks
Individual deposits
State, county, and municipal depos-
its
6, 229,610
Otherstocks, bonds, andmortgages
Duo from other bauks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
446, 740
1,788, 491
320, 283
26, 182
| 286, 607
584, 617
213, 343
Deposits of State, county, and mu-
nicipal disbursing ottieers
Gold certificates
Silver coins
•
Due to other banks and bankers. ..
Silver certificates
Other liabilities
1, 336, 300
Lesral tenders and national-bank notes.
Other resources
Total
Total
9, 031, 387
9, 031,387
MISSOURI.
May 4, 1887.] [85 banks.
Loans on real estate
Loans on personal and collateral se-
$552, 770
5, 087, 416
Capital stock paid in
Surplus fund
$1,331,241
801,910
38, 609
Other loans and discounts
Other undivided profits
Overdrafts
243, 737
89, 600
State-bank notes outstanding
Dividends uupaid
R. R. bonds and stocks
Bank stocks
Individual deposits
State, county, and municipal depos-
its
6, 495, 824
Otherstocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
176, 541
1, 557, 420
436, 865
107, 084
Deposits of State, county, and mu-
nicipal disbursing oliicers
Gold certificates
Due to other banks and bankers
Other liabilities
531,366
125, 728
Silver coins
63, 174
Legal tenders and national-bank motes .
Other resources
Total
736, 374
213, 757
Total
9, 324, 738
9, 324, 738
CALIFORNIA.
June 30, 1887.] [29 banks.
Loans on real estate
Loans on personal and collateral se-
$1, 536, 604
4, 684, 088
520, 885
Capital stock paid in
Surplus fund
$3, 578, 468
400, 577
Other loans and discounts
Other undivided profits
State-bank notes outstanding
■ 478, 077
813, 903
093, 091
| 1,548,508
321, 142
State bonds
R. R. bonds and stocks
Dividends unpaid
Hank stocks
Otherstocks, bonds, and mortgages
Due from of her banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Tndividnal deposits
State, county, and municipal dopos-
6,118,490
Deposits of State, county, and mu-
nicipal disbursing officers
Gold cert id catos
Silver coins
Silver cert ifi cates
Duo to oilier banks and bankers
Other liabilities
340, 531
158,826
Legal tenders and national-bank notes
Other resources
Total
Total
10, 500, 898
10, 590, 898
REPORT OF TIIE COMPTROLLER OF THE CURRENCY. 281
I
PRIVATE BANKS— OFFICIAL.
Aggregate Resources and Liabilities oe 182 Private Banks in tiie United
States.
Resources.
Liabilities.
$2, 080, 374
0, 771, 504
5, 777, 353
352, 393
89, 000
Capital stock paid in
$5, 896, 144
1,681,523
38, 609
Loans on personal ami collateral so-
Surplus fund
State- bank notes outstanding
Dividends unpaid
Individual deposits
18, 843, 930
Otherstocks, bonds, aud mortgages
Due from other banks and bankers ..
Real estate, furniture, and fixtures
Current expenses and taxes paid
1,101,358
4, 159, 814
1, 450, 839
20, 182
^ 3,767,071
307, 535
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
871, 897
1, 620, 860
Legal tenders and national-bank notes .
Total
Total
28, 953, 023
28, 953, 023
282 REPORT OF THE COMPTROLLER OF THE CURRENCY.
PRIVATE BANKS-UNOFFICIAL.
June 30, 1887.)
MASSACHUSETTS.
15 banks.
Resources.
$309, 837
685,712
88, 404
Loans on personal and collateral se-
curity
500
K. It. bonds and stocks
1,800
11, 495
203, 478
32, 772
1,713
903
> 89, 003
7, 604
Other stocks, bonds, and mortgages. . .
Due from other banks, and bankers —
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold certificates
Silver certificates
Legal tenders andnational-banknotes.
Othef resources -
Liabilities.
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
$231, 000
65, 566
134, 502
87
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
827, 880
Due to other banks and bankers
Other liabilities
174, 186
Total
1, 433, 221
Total
1, 433, 221
June 30, 1887.]
CONNECTICUT.
[4 banks.
Loans on real estate...
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from other banks, and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
$34, 200
103, 180
278, 333
934
8, 380
2, 550
18, 846
80, 1 15
1,692
4,858
51, 037
1,033
Total
585, 158
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
$78, 000
28, 241
15, 580
Dividends unpaid
Individual deposits
State, county, and municipal depos-
387, 378
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
75,916
43
Total
585, 158
June 30, 1887.]
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
Stato bonds
R. R. bonds and stocks
Bank stocks
Otherstocks. bonds, and mortgages
Duo from other banks and bankers
Real estate, furniture, and fixtures. ...
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notos.
Other resources
NEW YORK.
[41 banks.
$174, 706
Capital stock paid in
$1, 218, 272
1,946, 362
Surplus fund
658, 161
4, 007, 934
Other undivided profits
185, 650
35, 571
2, 523, 061
23. 889
State-bank notes outstanding
1, 043, 547
Dividends unpaid
30, 000
32, 950
518,681
Individual deposits
6,013, 485
876, 802
State, county, and municipal dopos-
219, 625
19, 459
76, 903
Deposits of State, county, and mu-
nicipal disbursing officers
07, 100
365, 644
Duo to other banks and bankers
2, 178, 481
Other liabilities
1, 772, 232
112, 053
12, 200, 284
Total
12, 200, 284
Total
REPORT OF THE COMPTROLLER OF TIIE CURRENCY. 283
PRIVATE 18 ANI£S — UNOFFICIAL.
NEW JERSEY.
J une 30, 1887.] [3 banks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral so-
$24, 150
471,810
208, 735
Capital stock paid in
Surplus fund
$169, 325
93, 000
9, 125
Other undivided profits...
State-bank notes outstanding
Dividends unpaid
305
754, 489
10, 040
10, 000
34, 298
40, 012
77, 265
Individual denosits
State, county, and municipal depos-
its
Other stocks, bonds, and mortgages
Due from other banks and bankers —
Real estate, furniture, and fixtures
Current expenses and taxes paid
43, 497
161, 204
28, 892
5, 826
1
j- 92, 782
J
6,487
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers ..
Otlior liabilities
Legal tenders and national-bank notes
Total
1, 120, 654
1, 120, 654
PENNSYLVANIA.
June 30, 1887.] [46 banks.
Loans on real estate
Loans on personal and collateral se-
$658, 871
3, 204, 946
3, 592, 657
64, 522
92, 600
4, 050
357, 561
68, 500
380, 670
1, 802, 352
329, 781
59, 056
> 852, 104
1
75, 400
Capital stock paid in
Surplus fund
$1, 571, 351
518, 859
171, ISO
Other loans and discounts
Overdrafts
Other undivided profits
State bonds
R. R. bonds and stocks
Bank stocks
Otherstocks, bonds, andmortgages
Due from otlier banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
13, 648
8, 990, 050
Deposits of State, county, and mu-
7, 504
196, 367
74, 207
Gold certificates
Silver coins
Due to otli6r banks and bankers
Other liabilities
Legal tenders and national-bank notes .
Other resources
Total
11, 543, 136
11, 543, 136
MARYLAND.
June 30, 1887.] [3 banks.
$11, 400
51,225
77, 221
73
Loans on personal and collateral se-
1,000
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
22, 000
11, 195
25,519
333
| 7, 912
166
Legal tenders and national-bank notes
Total
208, 044
Capital stock paid in
$16, 000
102
1, 152
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits
47, 859
State, county, and municipal depos-
Deposits of State, county, and mu-
nicipal disbursing oflicers
827
19, 242
122, 802
Due to other banks and bankers
Other liabilities
Total
208, 044
284 REPORT OF THE COMPTROLLER OF THE CURRENCY.
PRIVATE IS AN JI£S — UNOFFICIAL.
WASHINGTON, D. C.
June 30, 1887.] [1 bank.
Resources.
Liabilities.
$33, 000
3, 088
10, 030
Loans on personal and collateral se-
Other loans and discounts
$102, 085
Other undivided profits
TJ. S. bonds
Dividends unpaid
R. R. bonds and stocks
Individual deposits
State, county, and municipal depos-
its
79, 490
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
3, 000
Current expenses and taxes paid
Gold coins
104
> 20, 466
Deposits of State, county, and mu-
Gold certificates
Silver coins
Silver certificates
Due to other banks and bankers
Other liabilities -
47
Le^al tenders and national -bank notes .
Other resources
Total
Total
125, 655
125, 855
June 30, 1887.]
NORTH CAROLINA.
[2 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
IT. S. bonds
State bonds - ..
K. It. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from ot her banks and bankers
Ileal estate, furniture, and fixtures
Current expenses ami taxes paid
Gold coins '
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes. ,
Other resources
$100, 590 |
" 2, 402 1
1,049
21, 810
2, 507
2, 384
14, 040
4
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
$40, 000
11, 585
11, 405
Dividends unpaid
Individual deposits 112,535
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers 819
Due to other banks and bankers
Other liabilities
7,814
20, 700
Total
204, 804
Total
204, 804
June 30, 1887.]
SOUTH CAROLINA.
[3 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
II. II. bonds and stocks
Bank stocks
Ot her stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins .' '
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes. J
Other resources
$32, 991
41, 239
11, 448
3, 157
4, 702
20, 459
14, 004
745
10, 343
30, 796
182, 484
Capital stock paid in
Snrplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
$87, 850
31, 330
Individual deposits 51, 161
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing ollicers 6, 143
Duo to other banks and hankers
Other liabilities
6, 000
Total
182’ 484
Total
REPORT OF THE COMPTROLLER OF THE CURRENCY. 285
PRIVATE BANKS- UNOFFICIAL.
GEORGIA.
June 30, 1887.] [12 banks.
Resources.
Loans on real estate
Loans on personal and collateral se-
$90, 282
504, 391
285, 129
18, 168
Overdrafts
4, 500
107, 077
2, 000
51,044
105, 574
226, 498
9, 548
1
J 79, 120
25, 048
Other stocks, bonds, and mortgages
Due from other banksand bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold certificates
Legal tenders and national-bank notes.
Total
1, 508, 379
Liabilities.
Capital stock paid in
$740, 770
155, 378
23, 672
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
2, 000
372, 785
6, 904
500
43, 844
162, 526
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Total
1, 508, 379
June 30, 1887.]
FLORIDA.
[2 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
XT. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates ..
Legal tenders and national-bank notes. .
Other resources
$5, 050
129, 693
9,411
41,000
1,670
67, 197
4,548
2, 339
44, 997
264
Capital stock paid in $53,000
Surplus fund
Other undivided profits 5,381
State-bank notes outstanding
Dividends unpaid 667
Individual deposits 228,129
State, county, and municipal depos-
its '
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
15, 496
3,499
Total
306, 172
Total
306, 172
June 30, 1887.]
ALABAMA.
[5 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Otherstocks, bonds, andmort gages
Due from other banksand bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-banknotes.
Other resources
$212, 905
961, 367
237, 507
5, 250
3, 500
63, 933
35, 000
12, 992
2, 201,051
257, 990
136, 046
17, 373
294, SOO
9,347
Total
4, 449, 061
$312, 000
335, 793
2, 178, 839
1,471,209
State, county, and municipal depos-
Deposits of State, county, and mu-
21, 657
24, 391
105,172
Due to other banks and bankers
Other liabilities
Total
4, 449, 061
286 REPORT OF THE COMPTROLLER OF THE CURRENCY.
PRIVATE BANKS— UNOFFICIAL..
June 30, 1887. J
MISSISSIPPI.
[2 banks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
TJ. S. bonds
State bonds
R. R. bonds and stocks
B nk stocks
Other stocks, bonds, and mortgages
Due from other banks and hankers
Real estate, furniture, and fixtures. . .
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins >
Silver certificates
Legal tenders and national-bank notes. .
Other resources
$18, 000
10, 260
122, 837
7, 732
13,021
17, 087
35, 305
51, 559
3, 460
39, 809
22, 948
Total
342, 978
Capital stock paid in
$120, 000
36, 400
14, 576
Surplus fund
Individual deposits
129, 957
State, county, and municipal depos-
its
Deposits of State, county, and mu-
3, 510
18, 537
19, 998
Dne to other banks and bankers
Other liabilities
Total
342, 978
LOUISIANA.
J line 30, 1887.] [2 banks.
Loans on real estate
Loans on personal and collateral se-
$1, 400
27, 529
Capital stock paid in
$33, 000
8, 925
Overdrafts
13, 789
Banks stocks
Individual deposits
State, county, and municipal depos-
52, 285
Ot her stocks, bonds, and mortgages . . .
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
7, 035
2, 964
450
'
- 34, 306
6, 737
Deposits of State, county, and mu-
Gold certificates
Due to other hanks and hankers
Other liabilities
Legal tenders and national-bank notes.
Other resources
Total
Total
94, 210
94, 210
June 30, 1887.1
TEXAS.
[18 banks.
$896, 484
1,141,907
533, 172
106, 948
Loans on personal and collateral se-
Other loans and discounts
37, 500
37, 947
6, 250
225,405
011,349
323, 124
20, 235
j 417,880
)
22, 793
ft. ft. bonds and stocks
Otherstocks, bonds, and mortgages
Duo from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Legal tenders and national-bank notes
Total
4, 386, 994
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
$1, 709, 899
91,273
129, 185
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
1, 916, 563
16,000
6, 000
Due to other banks and bankers
Other liabilities
58, 812
460, 202
Total
4, 386, 994
REPORT OF THE COMPTROLLER OF THE CURRENCY. 287
PRIVATE BANKS-UNOFFICIAL.
June 30, 1887.]
KENTUCKY.
[15 banks.
Resources.
Liabilities.
Loans on real estate
Loaus on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks...
Bank stocks
Other stocks, bonds, and mortgages. ..
Due from other banks and/ bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes
Other resources
$4, 317
Capital stock paid in
$631, 700
817, 797
702, 677
12, 406
600
23, 000
33, 004
15, 580
42, 329
396, 723
46,416
14, 811
Surplus fund
Other undivided profits
128,511
44, 552
State-bank notes outstanding
Dividends unpaid
2, 422
Individual deposits 1,406,540
State, county, and municipal depos-
its 20, 000
Deposits of State, county, and mu-
nicipal disbursing officers
94,331
Due to other banks and bankers
Other liabilities
58, 124
44, 784
102, 612 •
Total
2, 336, 633
Total
2, 336, 633
OHIO.
June 30, 1887.] [77 banks.
$966, 569
7, 724, 039
2, 079, 427
Loans on personal and collateral so-
' 103| 264
312, 067
15, 130
158, 888
75, 100
Other stocks, bonds, and mortgages. ..
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
425i 396
1,718, 453
663, 793
98, 966
203, 045
9, 570
67, 419
41,393
Legal tenders and national -bank notes
Other resources
994, 567
349, 512
Total
16, 006, 598
Capital stock paid in
Surplus.fund
Other undivided profits
State-bank notes outstanding
$2, 949, 975
826, 018
387, 561
Dividends unpaid
Individual deposits
State, couuty, and municipal depos-
its
6, 656
11, 059, 045
12, 160
Deposits of State, county, and mu-
nicipal disbursing officers
52, 220
Due to other hanks and bankers
456, 442
Other liabilities
256, 521
Total
10, 006, 598
June 30, 1887.]
INDIANA.
[44 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages. . .
Duo from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
$202, 634
4, 080, 506
747, 935
80, 085
819,320
21, 500
14, 750
346, 122
1, 782. 405
515, 140
26, 205
1, Q38, 780
122, 444
Total
9, 797, 826
Capital stock paid in
$2, 371, 142
Surplus fund
Other undivided profits
214, 761
204, 082
State-bank notes outstanding
Dividends unpaid
5,796
Individual deposits
State, county, and municipal depos-
its .
Deposits of State, county, and mu-
nicipal disbursing officers
6, 319, 457
84, 182
90, 143
Duo to other banks and bankers 302, 471
Other liabilities 205, 192
Total
9, 797, 826
288 REPORT OF THE COMPTROLLER OF THE CURRENCY
PRIVATE BA AILS — UNOFFICIAL.
June 30, 1887.]
ILLINOIS.
[99 banks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
$1, 804, 555
12, 281, 915
1, 512, 569
215, 743
376, 398
104, 337
1, 028, 332
91, 000
415, 300
3,702,410
1, 630, 503
110, 809
1
> 2,094,687
560, 094
Total
25, 928, 652
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
$4, 246, 028
3, 785, 552
448, 140
28, 111
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing ofiioers
15, 128, 207
209, 313
298, 937
Due to other banks and bankers
Other liabilities
989, 645
794, 719
Total
25, 928, 652
June 30, 1887.]
MICHIGAN.
[55 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
IT. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes .
Other resources
Total
$517, 230
1, 257, 774
855, 671
35, 328
37, 630
35, 317
2, 500
1,500
32, 033
790, 820
244, 287
22, 277
Capital stock paid in
Surplus fund
Other undivided in'ofits
State-bank notes outstanding
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
$994, 077
170. 196
87, 270
1,000
5, 008
2, 914, 008
11, 0»2
Deposits of State, county, and mu-
nicipal disbursing officers
35, 056
415, 965
Due to other banks and bankers
56,971
Other liabilities
55, 309
81, 675
4, 309, 987
Total
4, 309, 987
June 30, 1887.]
IOWA.
[139 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
It. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
Total
$5, 158, 542
5, 574, 653
1, 145, 956
303, 523
20, 000
6, 961
6, 000
84, 020
111,698
1, 597, 347
1, 288, 553
Capital stock paid in
Surplus fund
Other undivided profits
$5, 130, 606
867, 596
397, 610
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
27, 377
6, 143, 252
97, 453
153, 608
81, 989
Deposits of State, county, and mu-
nicipal disbursing officors
970, 391
229, 775
Due to other banks and bankers
Other liabilities
53, 870
3, 707, 976
16, 579, 408
Total
10, 579, 408
REPORT OF TIIE COMPTROLLER OF THE CURRENCY
289
PRIVATE BANKS— UNOFFICIAL.
MINN
Juno 30, 1 887. J
Resources.
$919, 081
2, 647, 014
764, 703
44, 938
Loans on personal and collateral se-
250
2, 500
Otberstocks. bonds, androortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
08, 401
1,111,229
539, 056
35, 185
1
\
358, 085
|
L' ical tenders ami national-bank notes
J
234, 204
Total
6, 724, 652
S O T A .
[40 banks.
Liabilities.
Capital stock paid in
$2, 895, 015
186, 099
162, 452
Surplus fund
Other vmdivided profits
State-bank notes outstanding
Dividends unpaid.
Individual deposits
2, 642, 758
139, 085
56, 804
70, 0G1
571, 778
State, county ~and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers.
Due to other banks and bankers
Total
6, 724, 652
J line 30, 1887.]
KANSAS.
[55 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
IT. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks -
Otkerstocks, bonds, and mortgages
Due from other bunksand bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
(fold coins ]
(fold certificates
Silver coins f
Silver certificates !
Legal tenders and national-bank notes J
Other resources
$1, 304, 235
2,611,048
30!), 832
58, 887
90,274 :
63,884 |
769, 555 [
592, 120
50, 020
1,340,484
01, 431
Capital stock paid in :
Surplus fund
Other undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities
$2, 852, 934
505, 744
170, 357
1, 155
13, 807
2, 426, 720
141,125
310, 204
40, 768
794, 892
Total
|
7,257,770
Total
7, 257, 770
June 30, 1887.]
NEBRASKA.
[34 banks.
Loans on real estate
$241,539
1, 474, 343
276, 500
32,814
Loans on personal and collateral se-
curity
Other loans and discounts
U. S. bonds
State bonds
5, 806
R. R. bonds and stocks
Bank stocks
Otberstocks, bonds, and mortgages
Due from other banks aud bankers
Real estate, furniture, and fixtures
Cm rent expenses and taxes paid
Gold coins
10,300
95, 040
375, 585
520,916
40, 180
• 229, 737
281.817
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
Total
3,584, 583
8770 cur 87 19
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstanding
$1, 256, 262
127, 819
139, 833
Dividends unpaid.
Individual deposits
Stale, county, and municipal depos-
1,639
1, 538, 131
64, 785
Deposits of State, county, and mu-
uicipal disbursing officers
Due to other banks and bankers
1 00, 490
Other liabilities
355, 624
Total
3, 584, 583
290 REPORT OF THE COMPTROLLER OF THE CURRENCY.
1*123 VATU I5ANK.S— UNOFFICIAL.
OREGON.
June 30, 1887.] [3 banks.
Resources.
Liabilities.
$190, 227
805, 283
Capital stock paid in
$186, 282
5, 000
438, 409
Loans on personal and collateral se-
Surplus fund
77, 3G5
2G, 000
State-bank notes outstanding
Dividends unpaid. .
2, 603
818, 181
6, 707
4, 000
32, 836
51,845
108, 663
4, 991
. 110,478
2, 901
Individual deposits
Other stocks, bonds, and mortgages
Due iiom other banks and baukers
Real estate, furniture, and fixtures
Current expenses and taxes paid
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers . .
Gold certificates
5,609
1,858
Other liabilities
Legal tenders, and national-bank notes
Total
Total
1, 464, 049
1, 464, 649
June 30, 1887.]
COLORADO.
[8 banks.
i
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
It. It. bonds and stocks
Bank stocks -
Ol her stocks, bonds, and mortgages
Duo from other banks and bankers
Real estate, furniture, and fixtures . . .
Current expenses and taxes paid
Cold coins
Cold certificates -
Silver coins
Silver certificates . . .
Legal tender's and national-banknotes
Ollier resources
$12,310
588, 561
50, 402
4, GS7
9, 279
3,815
419,218
43, 407
2, 174
167, 402
879
Capital stock paid in $221, 300
Surplus fund
Other undivided profits 20, 095
State-bank notes outstanding >
Dividends unpaid
Individual deposits 999, DPI
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers 54, 607
Duo to other banks and bankers.
Other liabilities
G, 264
Total
1, 302, 227
Total
1, 302, 227
June 30, 1887.]
NEVADA.
[2 banks.
Loans on real estato
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
ir. s. bonds.
State bonds
It. U. bonds and stocks
Bank stocks
< II her stocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures ...
Current expenses and taxes paid
Gold coins
Gold certificates
•Silver coins
Silver certificates
Legal tenders and national-bank notes.
Ollier resources
$30, 000
74,109
38, 501
1,680
30, 684
21, 917
2, 089
24,616
Capital stock paid in
Surplus fund
Other undivided profits.
State-bank notes outstanding
$108,150
19, 093
3, 123
Dividends unpaid
Individual deposits
State, county, and municipal depos-
its '.
Deposits of State, county, and mu-
nicipal disbursing officers
93, 247
Duo to other hanks and bankers
Other liabilities
Total
223,012
Total
223 612
REPORT OR THE COMPTROLLER OP THE CURRENCY. 291
PRIVATE IMiVKS- UNOFFICIAL.
UTAH.
June 30, 1887. J 1.7 banks.
Resources.
Liabilities.
Loans on real estato
Loans on personal and collateral so-
$S 14,305
1,400,570
20, 055
100, 074
Capital stock paid in
Surplus fund
$995, 907
1, 001, 007
03, 724
Other loans and discounts
Overdrafts
Other undivided profits
State-bank notes outstanding
Dividends unpaid
Individual deposits . -
State, county, and municipal dopos-
posits
Deposits of State, comity, and mu-
nicipal disbursing officers
219
1,818,718
233
It. R. bonds and stocks
930
Othorstocks, bonds, and mortgages
Duo from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
34,945 i
287,709
59,653
4,098
j- 330,440
J
883,031 f
Gold certificates
Silver coins
Due to other banks and bankers
Other liabilities
12, 108
25, 9u0
Legal tenders and national-bank notes.
Other resources
Total
Total
3, 978, 476
3, 978, 470
June 30, 1887.]
IDAHO.
[2 banks.
$18,450
48, 250
Loans on personal and collateral so-
0,918
15, 000
132, 549
. 7, 550
45, 410
Otherstocks, bonds, and mortgages
Due from other banks and bankers —
Real estate, furniture, and fixtures —
{• 15, 188
1
J
55, COO
Legal tenders and national-bank notes .
Total
344, 327
Capital stock paid in
Surplus fund
Other undivided profits
State-bank notes outstandin
Dividends unpaid
$127, COO
25, 000
131,731
Individual deposits
State, county, and municipal depos-
its
Deposits of State, county, and mu
nicipal disbursing oilicers
Due to other banks and bankers
Other liabilities
Total
54, 01G
5, 900
344, 327
WYOMING.
June 30, 1887.] [7 banks.
Loans on real estate
Loans on personal and collateral se-
$85, 251
402, 855
209, 209
22, 337
Cajrital stock paid in
$338, 000
53, 905
39, Oil
Other loans and discounts .
Overdrafts
Other undivided profits
State bonds
K. bonds and stocks
076
Individual deposits
State, county, and municipal depos-
its
730, 874
Otherstocks, bonds, and mortgages
Due from other banks and bankers
Real estate, furniture, and fixtures
Current expenses and taxes paid
10, 074
198, 989
157, 393
8, 279
90, 197
10, 321
1, 213, 581
Deposits of State, county, and mu-
Gold certificates
Silver coins
Duo to other banks and bankers
3,914
47, 847
1, 213, 581
Legal tenders and national-bank notes.
Other resources
Total
Total
292 REPORT OF THE COMPTROLLER OF THE CURRENCY.
PRIVATE BAYKS-UXOmCIAL.
NEW MEXICO.
Juno 30, 1887.] [2 bauks.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
$20, 000
170, 999
2, 000
4,040
Capital stock paid in
Surplus fund
$130, 000
7, 443
19,493
Other loans and discounts
Overdrafts
U. S. bonds
Other undivided profits
State-bank notes outstanding
State bonds
Dividends unpaid
R. R. bonds and stocks . .
Individual deposits
State, county, and municipal depos-
it*
194,919
Other stocks, bonds, and mortgages. ..
Due from other banks and bankers. . -
Ileal estate, furniture, and fixtures
16,584
40, 245
34,758
805
> 53, 334
Current expenses and taxes paid
Gold coins
Deposits of State, county, and mu-
nicipal disbursing officers
Gold certificates
Silver coins
Silver certificates
\
Duo to other banks and bankers
Other liabilities
450
2, 520
Legal tenders and national-bank notes .
Other resources
Total
Total
354, 831
354, 831
DAKOTA.
Juno 30, 1887.] [77 banks.
$385, 055
1,811, 189
Loans on personal and collateral se-
' I50j 344
55; 172
100
1,000
llj 230
Other stocks, bonds, and mortgages. . .
Due from other banks and bankers ....
Real csfate, furniture, and fixtures
Current expenses and taxes paid
32, 101
447, 979
351,740
54, 378
1
i
Gold certificates
j> 395, 159
Legal tenders and national-bank notes.
Other resources
J
89. 838
Total
3, 793, 285
Capital stock paid in
$2, 019, 189
168, 323
196, 603
Surplus fund
Other undivided profits
State-bank notes outstanding.
29, 650
1,155, 693
21,210
State, county, and municipal depos-
its
Deposits of State, county, and mu-
nicipal disbursing officers
Due to other banks and bankers
Other liabilities...
56, 084
110, 533
Total
3, 703, 285
Juno 30, 1887.]
WASHINGTON.
[2 banks.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
IT. S. bonds
State bonds
11. It. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages. . .
Due from other banks and bankers ..
Ileal estate, furniture, and fixtures
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes.
Other resources
$10, 000
Capital stock paid in
$225, 000
599, 810
45, 133
10, 000
Surplus fund
Other undivided profits
295, 039
5, 000
State-bank notes outstanding
Dividends unpaid
41, 000
180, 347
58, 444
5, 129
Individual deposits
State, county, and municipal depos-
its
513, 310
Deposits of Stale, county, and mu-
nicipal disbursing officers
96, 5-44
Duo to other banks and bankers
21,388
Other liabilities
160
4, 490
1, 059, 897
Total
1,059,897
Total
REPORT OF THE COMPTROLLER OF TIIE CURRENCY. 293
V RIVATE BA ft KS- SI ft O F EICI1L.
ARIZONA.
Juno 30, 1887.] [2 banka.
Resources.
Liabilities.
Loans on real estate
Loans on personal ami collateral so-
$14, 500
106,489
164,028
25,617
45, 000
Capital stock paid in
Surplus fund
$90, 000
80, 000
28, 329
Otlier loans and discounts
Overdrafts
Other undivided profits.
State-bank notes outstanding
Individual deposits
State, county, and municipal depos-
344,229
Other stocks, bonds, and mortgages
Due from other banks and bankers
Beal estate, furniture, and fixtures ..
Current expenses and taxes paid
56, 833
41,927
15, 610
7, 897
89, 597
2,500
Deposits of State, county, and mu-
nicipal disbursing officers
3,146
27, 324
Gold certificates
Silver coins
Due to other banks and bankers
Legal tenders and national-ban k notes .
Other resources
Total
Total
573, 028
573, 028
Aggregate Resources and Liabilities of 819 Private Banks in the United
States.
Loans on real estate
Loans on personal anti collateral se-
curity
Other loans ami discounts
Overdrafts
U. S. bonds
State bonds
R. B. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages . . .
Due from other banks and bankers . . .
Beal estate, furniture, and fixtures. . .
Current expenses and taxes paid
Gold coins '
Gold certificates
Silver coins
Silver certificates
Legal tenders and national- bank notes
Other resources
$15, 499, 166
Capital stock paid iu
$34, 183, 294
54, 003, 430
Surplus fund
10, 556, 542
38,587, 909
Other undivided profits
5, 887, 166
1, 500, 385
4, 265, 056
State-bank notes outstanding
2,155
353, 234
2, 904, 872
Dividends unpaid
170, 055
592, 991
5, 641, 692
Individual deposits
77, 736, 527
18, 060, 251
State, county, aud municipal depos-
8, 306, 977
its
940, 192
725, 365
Deposits of State, county, and mu-
nicipal disbursing officers
1, 158, 905
'11,896,653
Due to other banks and bankers
4,911, 254
Other liabilities
9, 943, 226
3, 172, 335
145, 525, 316
Total
145, 525, 310
Total
294 REPORT OF THE COMPTROLLER OF THE CURRENCY,
PRIVATE RANKS— OFFICIAL A \ I> UNOFFICIAL.
Aggregate Resources and Liabilities oe 1,001 Private Ranks in tiie United
States, 1887.
Resources.
Liabilities.
Loans on real estate
Loans on personal and collateral se-
curity
Other loans and discounts
Overdrafts
U. S. bonds
State bonds
R. R. bonds and stocks
Bank stocks
Other stocks, bonds, and mortgages. --
Due from other banks and bankers . - .
Real estate, furniture, and fixtures . . .
Current expenses and taxes paid
Gold coins
Gold certificates
Silver coins
Silver certificates
Legal tenders and national-bank notes
Other resources
Total
$17, 588, 540
Capital stock paid in
$40, 079, 438
63, 774, 934
21, 365,202
1,858, 778
4, 354, 656
336, 234
2, 904, 872
592, 991
6, 743, 050
22, ‘DO. 005
9, 757,816
751, 547
1 15, 663, 724
3, 539, 870
174, 478, 339
Surplus fund
Other undivided profits
12, 238, 005
5, 925, 835
State-bank notes outstanding
2, 155
Dividends unpaid
170, 055
Individual deposits
State, connty, and municipal depos-
its
Deposits of State, connty, and mu-
nicipal disbursing officers
9G, 580, 457
946, 192
1, 158, 905
Due to other banks and bankers 5, 813, 151
Other liabilities 11, 5G4, 080
Total
174, 478, 339
REPORT OP THE COMPTROLLER OP THE CURRENCY.
295
Report ok the Condition ok the National Savings Bank of the District of
Columbia, at Washington, D. C., at the Close of Business on the 5tii Day
of October, 1887.
Dr
RESOURCES.
Loans and discounts (see schedule)
United States bonds on hand (par
$358,841.00
1G0, 000. 00
247, 500. 00
Other stocks, bonds, and mortgages
Due from St ate and private banks and
15, 489. 94
3, 635. 74
24, 735. 00
4, 225. 50
Current expenses and taxes paid
Premium (market value) on bonds ..
Checks and other cash items (see
250. 00
Fractional paper currency, nickels,
25.97
Specie, viz :
Gold coin $525. 00
Silver coin 225. 00
Silver Treasury certifi-
cates (act Eoli. 28, 1878) 5, 000. 00
5, 750. 00
11,100.00
Total
831, 553. 81
LIABILITIES.
Undivided profits
Individual deposits sub-
ject to check $818, HOG. 58
Time certificates of de-
posit. 1,000.00
Total
Oil
$12,017. 22
810, 500. 58
831, 553. 81
SCHEDULES.
Loans and discounts.
On mortgages and other real-estate security $120, 550. 00
On United States bonds (demand loans) : 3. 050. 00
On other stocks, bonds, etc. (demand loans) 235, 241. 00
358,811.00
Other stocks, bonds, and mortgages.
50 000 District, of Columbia 5s $50, 000 00
50.000 District, of Columbia Gs 50. 000 0 i
50.000 District of Columbia 3.65s 50, 000. 00
15.000 Washington Market Company Gs 15. 000 00
20.000 Washington and Georgetown Railroad Gs 20. 000. 00
30.000 State of Georgia 7s 20, 000. 00
32, 500 National Safe Deposit Company stock 32, 500. 00
Total 247, 500. 00
I, Benjamin P. Snyder, president, of the National Savings Bank of the District of Columbia, do
solemnly swear that the above statement, is time, to the best of my knowledge and belief
Benjamin P. Snyder,
President.
District of Columbia,
City of Washington :
Sworn to and subscribed before me this 7th day of October, 1887.
| SEAL.] D. RlTTEXIIOUSE,
Notary Public.
Correct. A ttest :
Benjamin P. Snyder,
Andrew Wylie,
'A. C. Robbins,
M. G. Emery,
The highest rate of interest paid by the bank is 2 per cent.
Number depositors September 30, 1887, 8,488.
Directors.
296 REPORT OF THE COMPTROLLER OF THE CURRENCY,
Distribution by States, Territories, and Geographical Divisions, Number,
and Loan and Trust
s°
A
U
O
Ph
Number of shares
held by—
Same, in detail, bold by —
States and Territories.
Number of banks ri
i n g distributio
shares of stock.
Number of banks r
ing condition.
Staie residents.
Non-State resi-
dents.
Natural persons.
Religious, charita-
ble, and educa-
tional institu-
tions.
Municipal corpo-
rations.
Savings banks,
loan and trust
and insurance
companies.
All other corpora-
tions.
2
56
1, 813
1, 989
3,457
43, 411
18, 846
30, 819
187
1,834
j , 882
136
30
2
68
511
018
5
28
43
3, 350
150
Massachusetts
10
181
2,599
44 1 247
753
910
100
It ho do Island
5
47
1,643
4, 581
17j 610
24, 496
943
34
373
1, 529
590
12'
100
521
9,793
Division No. 1
36
480
100, 335
9, 564
93,419
2, 217
34
11, 980
2, 249
New York
98
237
250, 275
16, 954$
294, 880$
41, 339
2, 106
281, 774
18, 520*
298, 595"
659
735
8, 002
80
444
10
33
198
220
42
Penn sylvan ia
85
95
11, 953
207
6, 014$
1, 957
Division No. 2
191
365
562, 110
55, 398
598, 8891
1, 124
955
14, 096$
2, 443
Delaware
1
8
2
20
2, 351
67, 872
49
2, 817
973
63, 048
1,055
24, 796
11, 427
514
1,086
45
49
4, 004
325
819
1, 951
District of Columbia..
1
1
li 015
22, 389
9, 867
365
30
39
2, 899
1, 580
234
16
242
West Virginia
12
14
20
Division No. 3
52
76
103, 494
7, 710
101, 899
1, 834
45
4,414
3,012
North Carolina
4
12
2, 273
4, 125
2, 273
South Carolina
0
10
835
4' 810
25
118
7
14
16
59', 170
500
17,419
71, 575
500
1, 320
591
1, 916
1, 187
Florida
1
6
Alabama
3
7
4, 380
7, 176$
20, 118
5, 935
120
4, 117
0
377
Mississippi
G
9
9451
2, 055
7,' 507
20, 487
0, 297
4, 650
615
Louisiana
4
5
214
1, 419
Texas
5
9
'362
3
6
4,050
56, 253*
32, 796$
41
71
7, 245
2, 604
6lj 2791
34, 7831
1,794
304
31
19
27
25
102
490
Division No. 4
100
178
197, 377*
31, 5851
218, 279
3, 384
591
3, 575
3, 134
Ohio
48
50
38, 379$
20, 069
23, 337
1, 5421
506
39, 1501
20, 575
30, 300
10
570
185
30
38
Illinois
12
53
62
7, 118
50
105
33
25, 6061
86, 985
1, 5832
2, 552
21, 145
45
33
56
89, 492
45
156
259
194, 370J
13, 302
206, 0681
00
675
275
90
102
59, 221
60, 541
93, 708*
14, 968
72, 820
3
1, 0G0
300
Minnesota
59
64
7, 859
29, 574 *
23, 238*
12, 213
66, 712
80
1, 239
1,192
1, 005
404
369
Missouri
158
214
121, 814*
590
186
111
149
63, 2724
25, 6074
85, 021 jf
37, 3161
48t
Nebraska
70
144
100
Division No. 0
488
673
302, 350*
87,852*
383, 191
673
4, 900
1, 43.9
Colorado
5
8
2, 475
375
2. 350
3, 600
1
2, 000
193, 078J
917
1, 000
25, 7041
83
California
58
112
215| 645
180
1,749
1, 200
Oregon
2
4
i; ooo
Division No. 7
06
124
198, 4701
27,3621
222, 405
180
1,740
1,209
Dakota
~ 22~
6, 0291
4, 0151
10, 045
Idaho
New Mexico .
:
Utah
l
4, 000
4, 000
Washington
1
' 277
223
500
Arizona
1
250
250
500
Division No. 8
25
10, 556J
4,4881
15, 045
United States
1, 120
2. 155
I.OOO.OIOJ
257, 002*
1,859, 880
0, : 72
1, 025
11,389$
13, 761
REPORT OF THE COMPTROLLER OF THE CURRENCY. 297
and Average Pah Value of Shares of Stock of State, and Savings Banks,
Companies, June JO, Ids'?.
Total shares issued .
Number.
a
p.
©
tc
Number of shareholders.
Number of shareholders owning
specilie amounts.
2, 000
2, 500
3, 500
46, 010
20, 489
35, 400
100. 00
300. 00
100. 00
98. 04
48. 67
90. 62
109, 899 I 86. 65
291, 014
19, 0604
306, 8331
617, 508
81.37
64. 39
65.46
72. 94
2,400
70, 689
1, 3S0
25, 288
11,447
111,204
50. 00
28.71
100. 00
63. 55
68. 38
A
128
181
184
1, 020
792
1,334
C
5
14
1
14
41
126
3, 639
7, 103
724
0,771
14, 598
65
1, 231
20
1,208
444
42. CO
2, 273
4,960
76, 589
500
4, 5C0
8, 122
22, 173
6, 297
4, 650
63, 4984
35, 4004
100. 00
100. 00
88.25
100. 00
100. 00
100. 00
86.47
100. 00
25.00
89. 83
86.44
2, 968
83
223
2, 017
12
89
131
641
108
37
2,498
864
228, 963
87.45 | 6,703
39, 921 J
20, 575
30, 455
27, ICO
89, 537
90. 70
88. 26
100. 00
90. 08
16. 71
207,6784 ! 57.7’
1 1
74, 189
68, 400
123. 282 ft
86, 510.?
37, 8204
390, 203
2. 850
3,000
218, 783
1, 000
225, 633
10, 045
78. 24
96.90
100. 37
90. 24
96. 15
92.85
1,148
527
405
857
468
201
117
14
109
210
10
55
1
9
1
4
65
3
1
12
45
12
Pi
124
159
158
901
705
1,243
s«
a
o
A
9
30
27
73
128
217
o
H
133
195
185
1, 034
833
1,400
3, 350
5, 685
661
0,205
12,551
490
1,535
77
675
2, 287
3, 840
2, 161
07
1, 240
18
1, 111
385
2, 821
83
208
1, 731
12
88
115
564
98
37
2, 202
781
142
3
5, 919
8
46
3
100
60
223
19
351
. ....
17
89
10
341
95
926
7, 220
738
6,880
14, 838
75
1,286
21
1,217
445
3, 044
83
227
2, 082
12
92
132
053
108
37
2, 543
876
6, 845
3, 203
442
3, 809
7, 454
54
810
3
877
288
2, 032
52
137
1, 012
7
33
38
268
35
15
1, 312
404
3, 313
1, 060
2, 558
240
2, 007
4, 805
18
398
10
279
120
So
« o
53
t- 02
O to
O'"
«■
tH
9
15
11
373
32
146
586
1,386
56
985
2, 427
2
71
6
CO
30
831
21
64
751
2
31
43
290
34
10
938
312
2, 496
109
10
26
297
3
28
40
90
36
11
285
155
14
1
12
27
152
1
7
2
”2
12
32
977
1,064
505
323
765
405
91
22
85
94
66
3,405 | 15 | 3,002
2, 528
1,974
4, 386
2,145
887
100. 00
100. 00
100. 65
100. 00
100. 63
88. 94
11, 920
112
35
2, 682
28
2,857
419
16
33
23
35
13
1,900
1, 737
3, 51G
1, 368
529
120 i 9,050
30
30
29
2, 455
24
2, 585
115
358
044
270
893
812
371
2, 990
35
6
257
4
302
304-
1, 155
527
408
859
471
3, 420
2, 544
2, 007
4, 409
2, 180
900
12, 040
112
35
, 712
28
2, 887
419
553
268
147
478
223
1,609
1,473
1, 000
2, 476
1, 132
376
6, 457
65
1
1, 178
11
1,255
373
164
104
248
151
1, 040
751
594
1,308
621
277
3, 551
26
14
824
11
8
16
214
89
130
125
92
650
306
398
581
383
239
1, 907
21
17
592
G
636
249
137
32
59
o
133
195
1S5
1,034
833
1,460
3, 840
7, 220
738
6, 880
14, 838
75
1,280
21
1, 217
445
3,044
83
227
2, 082
12
92
132
653
108
37
2, 543
876
0, 845
15
6
27
8
5
61
14
15
44
44
8
125
3
118
121
1,155
527
408
859
471
3, 420
2,544
2, 007
4,409
2,180
900
12, 010
~U2
35
2, 712
28
2, 887
419
4, 000
500
500
50.00
100. 00
100. 00
13
22
~9
13
5
6
17
3
13
22
9
12
o
13
22
15, 045
77.60
463
139
324
463
268
1, 906, 1334
79. 53 4G, 553 j 824 39, 477
,900
47, 377
24, 609
2
559
463
47, 377
AGGREGATE RESOURCES AND LIABILITIES
THE NATIONAL BANKS
FROM
OCTOBER, 1SG3, TO OCTOBER, 1887.
299
300 REPORT OF THE COMPTROLLER OF THE CURRENCY
Aggregate Resources and Liabilities of the National
18 6 3.
Resources.
JANUARY.
APRIL.
JULY.
OCTOBER 5.
6G banks.
$5, 4GG, 088. S3
5, G62, GOO. 00
106, 009. 12
2, 025, 597. 05
177, 5G5. G9
53, 808. 92
2, 503. 69
492, 138. 58
761, 725. 00
1, 446, 607. 62
U. S. bonds and securities...
Due from uat’l and other b’ks
Current- expenses
Premiums paid
Chocks and other cash items
lJills of nat 1 and other banks.
Specie ami other lawful rnon’y
Total
16, 797, 644. 00
1864.
JANUARY 4. APRIL 4
JULY 4.
OCTOBER 3.
139 banks.
307 banks.
4G7 banks.
508 banks.
Loans and discounts.
IF. S. bonds and securities. ..
Other items
$10, G6G, 095. 60
15, 112, 250. 00
74, 571. 48
$31, 593, 943. 43
41, 175, 150. 00
432, 059. 95
4, 699, 479. 56
8, 537, 908. 94
755, 696. 41
352, 720. 77
2, 651, 916. 96
1, 660, 000. 00
22, 961, 411. 64
$70, 746, 513. 33
92, 530, 500. 00
842, 017. 73
15, 935, 730. 13
17, 337. 558. 66
1, 694, 049. 46
502, 341. 31
5, 057, 122. GO
5, 344, 172. 00
42, 283, 798. 23
$93, 238, 657. 92
108, 064, 400. 00
1, 434, 739. 76
19, 965, 720. 47
14, 051, 396. 31
,2, 202, 318. 20
1, 021, 569. 02
7, 640, 169. 14
4. 687, 727. 00
41,801,497.48
Due from national banks.
1 >uo from other b'ks and b'krs
Real estate, furniiwire, etc
*4, 786, 124. 58
381, 144. 00
118, 854. 43
577, 507. 92
895, 521. 00
5, 018, 622. 57
Checks and other cash items.
Bills ot'uat’l and other banks
Specie and other lawful mon’y
Total
37, 630, 691. 58
114, 820, 287. 06
252, 273, 803. 75
297, 108, 195. 30
18 6 5.
JANUARY 2.
APRIL 3.
JULY 3.
OCTOBER 2.
638 banks.
907 banks.
1,294 banks.
1,513 banks.
Loans and discounts
$166, 418, 718. 00
$252, 404, 208. 07
$302, 442, 743. 08
$187, 170, 136. 29
O’. S. bonds and securities. . .
176, 578, 750. 00
277, 619, 900. 00
391, 744, 850. 00
427, 731, 300. 00
Other items
3, 294, 883. 27
4,275,760.51
12, 5G9, 120. 38
19,048,513.15
Due from national banks . .
30, 820, 175. 44
40, 963, 243. 47
76. 077. 539. 59
89, 978, 980. 55
Due from othor b'ksand b’krs
19. 836, 072. 83
22, 554, 036. 57
26:078,028. 04
17, 393, 232.25
Real estate, furniture, ',otc
4, 083, 220. 12
6,525,118. 80
11, 231, 257. 28
14, 703, 281. 77
t iurrent expenses
1, 053, 725. 34
2, 298, 025. 05
2, 338, 775. 50
4, 530, 525. 11
Premiums paid
1, 323, 023. 56
1, 823,291.84
2,243,210.31
2, 585, 501. 06
Checks and other cash items
17, 837, 496. 77
29,681,391 13
41,314,904.50
72, 309, 854. 44
Bills of nat’lund other banks
14, 275, 153. 00
13,710, 370.00
21,651,820.00
16. 247, 241. 00
Specie
4, 481, 937. 68
6, 659, 660. 47
9. 437. 060. 40
18, 072. 012. 59
Legal tenders and frac’lcur’y
72, 535, 504. 07
112, 999, 320. 59
168, 426,166. 55
189, 988, 400. 28
Total.
512, 508, 600. 68
771,514,939. 10
1, 126, 455, 4 81. 66
1, 359, 7G8, 074. 49
* Including amount due from national banks.
REPORT OF TIIE COMPTROLLER OF THE CURRENCY
301
186 3.
Banks from October, 1863, to October, 1887.
Liabilities.
JANUARY.
APRIL.
JULY.
OCTOBER 5.
CO banks.
Capital stock
$7, 188, 393. 00
128, 030. 00
8, 497, 681. 84
981, 178.59
2, 300. 51
10, 797, 644. 00
18 6 4.
JANUARY 4.
APRIL 4.
JULY 4.
OCTOBER 3.
139 banks.
307 banks.
467 banks.
508 banks.
1
$14, 740, 522. 00
$42, 204, 474. 00
$75, 213, 945. 00
1,129,910. 22
3, 094, 330. 11
25, 825, 665. 00
119, 414, 239. 03
27, 382. 006. 37
213, 708. 02
$80, 782, 802. 00
2, 010, 286. 10
5, 982, 392. 22
45, 260, 504. 00
122, 106, 536. 40
34, 862, 384. 81
43, 289. 77
432, 827. 81
30, 155. 00
19, 450, 492. 53
2,153, 779. 38
822, 914. 86
1,625, 656. 87
9, 797, 975. 00
51,274,914.01
6, 814, 930 40
3,102,337.38
Nat ionalb’knotes outstanding
Individual and other deposits
Duo to nut’l and other banks*
37, 630, 091.58
114, 820, 287. 60
252, 273, 803. 75
297, 108, 195. 30
1865.
JANUARY 2.
APRIL 3.
JULY 3.
OCTOBER 2.
838 banks.
907 banks.
1,294 banks.
1,513 banks.
Capital stock
' $135, G18.874.00
$215, 326, 023. 00
$325, 834, 558. 00
$393, 157, 206. 00
Surplus fund
8, 603,311.22
17,318,942. 65
31,303, 565. 64
38,713,380.72
Undivided profits
12, 283, 812. 65
17, 809, 307. 14
23, 159, 408. 17
32,350, 278. 19
National b’knotes outstanding
66, 7G9, 375. 00
98, 89C, 488. 00
131, 452, 158. 00
171,321,903.00
Individual and other deposits
183, 479, 636. 98
262, 961,473.13
398, 357, 559. 59
500, 910. 873. 22
United States deposits
37, 764, 729. 77
57, 630, 141.01
58, 032, 720. 67
48, 170, 381. 31
Dne to national banks
30. 019, 175. 57
41, 301, 031. 1C
78, 261,045. 64
90, 044, 837. 08
Due to other b’ks and bankers*
37,104,130.62
59, 692, 581. 64
79, 591, 594. 93
84, 155, 161. 27
Other items
265, 020. 87
578, 951. 37
462, 871.02
944, 053. 70
Total
512,568,636. 68
771,514,939. 10
1, 126, 455,481.66
1, 359, 768, 074. 49
Including State bank circulation outstanding.
302
REPOET OF THE COMPTROLLER OF THE CURRENCY.
Aggregate Resources and Liabilities of tiie Nation ai
1 866.
Resources.
JANUARY 1.
APRIL 2.
JULY 2.
OCTOBER 1.
1,5S2 banks.
1.612 banks.
1,634 banks.
1,644 banks.
Loans and discounts
IT. S.b’dsdop’d to secure circ’n
OthortT.S.b’dsand securities.
0 th’r stocks, b’ds, and mortg’s
Due from national banks
Due from otberb’ks and b’k’rs
Real estate, furniture, etc
0 urren t expen sea
$500, 650, 109. 19
298, 376, 850. 00
142, 003, 500. 00
17, 483, 753. 18
93, 254, 551. 02
14, 658, 229. 87
15, 436, 296. 16
3, 193, 717. 78
2, 423, 918. 02
89, 837, 684. 50
20, 406, 442. 00
19, 205, 018. 75
187, 846, 548. 82
$528, 080, 526. 70
315, 850,300.00
125, 625, 750. 00
17, 379, 738. 92
87, 564, 329. 71
13, 682, 345. 12
15, 895, 564.46
4, 927, 599. 79
2, 233, 516. 31
105, 490, 619. 36
18, 279, 816. 00
17,529, 778.42
189, 867, 852. 52
$550, 353, 094. 17
326, 483, 350. 00
121, 152, 950. 00
17,565, 911.46
96,696,482.66
13, 982, 613.23
16, 730, 923.62
3, 032, 716. 27
2,398, 872.26
96, 077, 134. 53
17, 866, 742. 00
12, 629, 376. 30
201, 425, 041. 63
$603, 314,704. 83
331, 843, 200. 00
94, 974, 650. 00
15, 887, 490. 06
107, 650, 174. 18
15, 211, 117. 16
17, 134, 002. 58
5, 311, 253. 35
2,493, 773.47
103, 684, 249. 21
17, 437, 779. 00
9, 226, 831.82
205, 793, 578. 76
Checks and other cash items.
Bills of nationaland other b’ks
Legal tenders and fract’l cur’y
Total
1,404, 776, 619.29
1, 442, 407, 737. 31
1, 476, 395, 208. 13
1, 526, 962, 804. 42
1867.
JANUARY 7.
APRIL 1.
JULY 1.
OCTOBER 7.
1,048 banks.
1,642 banks.
1,636 banks.
1,642 banks.
Loans and discounts
$608, 771, 799. 61
339, 570, 700. 00
36, 185, 950. 00
52.919, 300. 00
15, 073, 737. 45
92, 552, 208. 29
12, 996, 157.49
18, 925, 315. 51
2, 822, 675. 18
2, 860, 398. 85
101,430,220.18
19, 263. 718. 00
1, 176, 142. 00
19, 726, 043. 20
104, 872, 371.61
82, 047, 250. 00
$597, 648, 286. 53
338, 863, 650. 00
38, 465, 800. 00
46, 639, 400. 00
20, 194, 875. 21
91,121, 186.21
10,737,392.90
19, 625, 893. 81
5, 693, 784. 17
3, 411, 325. 56
87, 951, 405. 13
12, 873, 785. 00
825, 748. 00
11, 444, 529. 15
92, 861, 254. 17
84, 065, 790. 00
$588, 450, 396. 12
337, 684, 250. 00
38, 368, 950. 00
45, 633, 700. 00
21, 452, 615.43
92, 308, 911. 87
9. 663, 322. 82
19, 800, 905. 86
3, 249, 153. 31
3, 338, 600. 37
128, 312, 177. 79
16, 138, 769. 00
531, 267. 00
11, 128, 672. 98
102, 534, 613. 46
75, 488, 220. 00
$609, 675, 214. 61
338, 640, 150. 00
37. 862. 100. 00
42, 460, 800. 00
21, 507, 881, 42
95,217,610.14
8, 389,226.47
20, 639, 708. 23
5,297,494. 13
2, 764, 186. 35
134, 603, 231. 51
11.841. 104. 00
333, 209. 00
12, 798,014. 40
100, 550,849.91
56, 888, 250. 00
ILS.b’ds dep’d to secure circ’n
U.S.b’ds dop’d to sec’re dep'ts
U.S.b’ds and soc'tiesou hand.
Oth’r stocks, b’ds,and znortg’s
Due from national banks
Due from other b’ ks and b'k’rs
Real estate, furniture, etc
Current expenses
Premiums paid
Checks and other cash items.
Bills of national banks
Bills of other banks
Specie
Legal tenders and fract’l cu’y
Compound-interest notes. . .
Total
1, 511, 222, 985. 40
1, 465, 451, 105. 84
1, 494, 084, 526. 01
1,499,469, 060. 17
1868.
JANUARY 6.
APRIL 6.
JULY 6.
OCTOBER 5.
1,642 banks.
1,643 banks.
1,640 banks.
1,643 banks.
Loans and discounts
IT. S.b'dsdop’d to secure circ’n
IT. S.b’dsdep'd to sec’rc dept's
U.S.b’dsand sec'tios on hand .
Oth’r stocks, b’ds, and mortg's
Due from national banks . . .
Due from otliorb ’ksand b'k’rs
Real estate, furniture, etc
Current expenses
Premiums paid
Checks and other cash items.
Bills of national banks
Bills of other banks
Fractional currency
Specie
Legal-tender notes
Compound-interest notes
Throo per cont. certificates. .
Total
$616, 603, 479. 89
339, 064, 200. 00
37, 315, 750. 09
44, 164, 500. 00
19, 305, 864. 77
99, 311, 440. 60
8, 480, 499. 74
21, 125, 665. 68
2, 980, 893. 86
2, 461. 536. 90
109, 390, 266. 37
10, 655, 572. 00
261, 209. 00
1, 927, 870. 78
20,981,601.45
114,306, 491.09
39. 997,030.00
8, 245, 000. 00
$628, 029, 347. 65
339, 686, 650. 00
37, 446, 000. 00
45, 958, 550. 00
19, 874, 381. 33
95, 900, 606. 35
7, 074, 297. 4 4
22, 082, 570. 25
5, 428, 460. 25
2, 660, 106. 09
114, 993, 036. 23
12, 573, 514 00
196, 106. 00
1,825,640. 16
18, 373, 943. 22
84, 390,219. 00
38,917, 490. 00
24, 255, 000. 00
$655,729, 546.42
339, 509, 100. 00
37, 853, 150. 00
43, 068, 350. 00
20, 007, 327. 42
111, 434, 097. 93
8, 642, 456. 72
22, 699, 829. 70
2, 938,519.04
2, 432, 074. 37
124, 076, 097. 71
13, 210, 179. 00
342, 550. 00
1,863, 358.91
20, 755,919.0 4
100,166,100.00
19, 473, 420. CO
44, 905, 000. 00
$057, 668, 847. 8 !
340, 487, OaJ. 0.1
37, 360, ISO. 00
30, 817. 630. 00
20, 09,1, 400.40
102,278,547. 77
7,818,822.24
32, 747.875. 18
5,278, 91L 22
x, 8:8, 815. 50
143,241.394.99
11,842,974.0,1
222, 608. on
2, 262,791.97
13,003,713.59
92, 453, 475. 00
•4, 513, 730. 00
59. 080, 000. 00
1,502,047,614. HI
1, 409, 668, 920. 97
1, 572, 167, 076. 20
1, 559, 021, 773. 49
REPORT OF THE COMPTROLLER OF THE CURRENCY
Banks puom October, 18(3:1, to Octocicu, 1887 — Contiuucd.
1 8 6 6 .
Liabilities.
JANUARY 1.
APRIL 2.
JULY 2.
OCTOBER 1.
1,582 banks.
1,012 banks.
1,034 banks.
1,044 banks.
Capital stock
$403, 357, 340. 00
$409, 273, 534. 00
$414,270, 493. 00
$115,472,309. 00
Surplus iuuil
43, 000, 370. 78
44,087,810.54
50, 151, 991.77
53, 359, 277. (14
Undivided profits
28, 972, 493. 70
30,984,422. 73
29, 280, 175. 45
32, 593, 480. 09
National b’k notes outstand’g
213, 239, 530. 00
248, 880, 282. 00
207, 798, G78. 00
280, 253, 818. 00
State bank notes outstanding
45, 449, 150. 00
33, 800, 805. 00
19, 990, 103. 00
9, 748, 025. 00
Individual deposits
522, 507, 829. 27
534, 734, 950. 33
533, 888. 174. 25
504, 010, 777. 04
U. S. deposits
Dep’tsofU.S.disb’sing officers
Duo to national banks
29, 747, 230. 15
29, 150, 729. 82
36, 038, 186.03
o, 000, 8(J2. 22
30, 420, 819. 80
2, 979, 955. 77
110,531, 957.31
94,709, 074. 15
23, 793, 5S4. 24
89, 007, £01. 54
90, 490, 720. 42
Due tootbo: b’Us and bankers
21, 841, 041.35
25, 951, 728. 99
20, 980, 317. 57
Total
1, 404, 770, G19. 29
1, 442,407, 737.31
1, 470, 395, 208. 13
1, 520, 902, 801. 42
18 6 7.
JANUARY 7.
APRIL 1.
JULY 1.
OCTOBER 7.
1,G4S banks.
1,042 banks.
1,030 banks.
1,042 banks.
Capital stock
$420, 229, 739. 00
$419,399,484. 00
$418, 558, 148. 00
$420, 073, 415. 00
Surplus fund
59, 992, 874. 57
00, 208,013.58
03,232,811.12
66, 095, 587. 01
Undivided profits
20, 901, 382. 00
31, 131, 034. 39
30, 050, 222. S4
33,751,440. 21
National b’k notes outstand’g
291,430,749. 00
292, 788, 572. 00
291, 709, 553. 00
293, 887, 941. 00
State banknotes outstanding.
0, 901,499. 00
5, 460, 312. 00
4, 484, 112. 00
4, 092, 153. 00
Individual deposits
558, 699, 7G8. 00
512, 040, 182.47
539,599,070.10
540, 797, 837. 51
U. S. deposits
27, 284, 870. 93
27, 473, 005. 66
29, 838, 391. 53
23, 002,119. 92
Dep’s of U. S.disb’siug officers
2, 477, 509. 4S
2, 050, 981. 39
3, 474, 192. 74
4,352, 379.43
Due to national banks
92, 701, 998. 43
91, 150, 890. 89
89, 821,751.00
93,111,240. 89
Due to ot her b’ks and bankers
24, 410, 588. 33
✓
. 23, 138, 029. 40
22, 609, 207. 08
19, 044, 940. 20
Total
1,511,222,985.40
1,465, 451, 105. 84
1,494,084,520.01
1, 499, 409, 000. 47
1 8 6 8.
JANUARY G.
APRIL 0.
JULY 6.
OCTOBER 5.
1,642 banks.
1,043 banks.
1,640 banks.
1,043 banks.
Capital stock
$420, 200, 790. 00
$120, 070, 210. 00
$420,105,011. 00
$420, 634, 511.00
Surplus fund
70,586,125. 70
72, 349, 119. 00
75,840,118. 94
77, 995,701.40
Undivided profits
31,399, 877. 57
32, 801, 597. 08
33, 543, 223. 35
30, 095, 883. 98
Nat ional b’k notes outsta nd’g
294, 377, 390. 00
295, 330, 044. 00
294, 908, 264. 00
295, 709, 489. 00
State bank notes outstanding
3, 792, 013. 00
3,310, 177. 00
3, 103, 771. 00
2, 900, 352. 00
Individual deposits
034, 704,709.00
532,011,480. 36
575,842, 070.12
580, 940, 820. 85
IT. S. deposits
24, 305, 038. 02
22, 750, 342. 77
24, 003, 070. 90
17, 573, 250. (it
Dep’tsof U.S.disb’si’g officers
3, 20S, 783. 03
4, 970, 082. 31
3, 499, 389. 99
4,570, 478.16
Due to national banks
98, 144, 009. 01
94, 073, 031. 25
113, 300,346. 34
99,414,397. 28
Due to other b’ks and hankers
21, 807, 048. 17
21, 323, 036. 00
27, 355, 204. 56
23, 720, 829.18
Total
1,502,047,044.10
1,499,068, 920. 97
1, 572, 167, 070. 26
1,559,621,773. 49
304 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate Resources and Liabilities of the National
18 6 9.
Resources.
JANUARY 4.
APRIL 17.
JUNE 12.
OCTOBER 9.
1,628 hanks.
1,620 banks.
1,619 banks.
1.617 banks.
Loans ami discounts
U. S. bonds to secure circ’lat'n
T7. S. bonds to secure deposits.
U. S. b’dsandscc'tiesonhand.
Oth'rstocks.b’ds.and mortg’s
Due from redeeming agents
Due from other national b’n ke
PuofromStateb'ksand b’k’rs
Real estate, furniture, etc . . .
Current expenses
Premiums paid..
Checks and other cash items.
Bills of ot her national banks.
Fractional currency
Specie
Legal-tender notes
Three per eent. eertiticates. .
Total
$614, 945, 029. 63
338, 539, 950. 00
34, 538, 350. 00
35, 010, 600. 00
20, 127, 732. 90
65, 727, 070. 80
36, 067, 316. 84
7, 715, 719. 34
23, 289, 838. 28
3, 265, 990 81
1, 654, 352. 70
142, 605, 984. 92
14, 684, 799. 00
2, 280, 471. 06
29, OJ6, 750. 26
88, 239, 300. 00
52, 075, 000. 00
$662, 084, 813. 47
338, 370, 250. 00
29, 721, 350. 00
30, 226, 550. 00
20, 074, 435. 69
57, 554, 582. 55
50, 520, 527. 89
8, 075, 595. 60
23, 798, 188. 13
f>, 641, 195. 01
1, 716, 210. 13
154, 137, 191. 23
11, 725, 239. 00
2, 088, 545. 18
9, 94 4, 532. 15
80, 875, 161. 00
51, 190, 000. 00
$686, 347, 755. 81
338, 699, 750. 00
27, 625, 350. 00
27, 476, 650. 00
20, 777, 560. 53
62, 912, 636 82
35, 556, 504. 53
9, 140, 919. 24
23, 859, 271. 17
5, 820, 577 87
1, 809, 070 01
161, 614, 852. 66
11, 524, 447. 00
1, 804. 855. 53
18, 455, 090, 48
80. 934, 119. 00
49, 815, 000. 00
$682, 883, 106. 97
339, 480, 100, 00
18, 704, 000. 00
25, 903, 950. CO
22, 250, 697. 14
56, 669, 562. 84
35, 393, 563. 47
8, 790, 418. 57
25, 169, 188. 95
5, 616, 382. 96
2, 092, 364. 85
108, 809, 817. 37
10, 776, 023. 00
2, 090, 727. 38
23, 002, 405. 8 J
83, 719, 295. 00
45, 845, 000. 00
1. 540, 394, 266. 50
1, 517, 753, 167. 03
1, 564, 174, 410. 65
1, 497, 226, 604. 33
1 8 7.6 .
JANUARY 22.
MARCH 24.
JUNE 9.
OCTOBER 8.
DECEMBER 28.
1,615 banks.
1,615 banks.
1,612 banks.
1,615 banks.
1,648 banks.
TjOans and discounts
Bonds forcirculation
Bonds for deposits . .
U. S. bonds on hand
Ot her stocks a ndb'ds
Duo from red'gag’n!.-
i >uo from nat'l banks
D tie fro n i Sta te ban k s
Real estate, etc . . .
Current, expenses...
Premiums paid
Cash items ...
Cl’r'g-houso exch'gs.
National bank. notes.
Fraet ional currency
Specie .
Legal-tender notes
Th reepercent.ceit'fs
■■Total
$688, 875, 203. 70
029, 3 ."0, 750 00
17, 592, 000 00
24. 677, 100 00
21,082,412 00
71, 641. 486 05
31, 994, 609. 26
9. 319, 560. 54
20, 003,713. 01
3, 469. 588. 00
2, 429,591.41
111, 634, 822. 00
15. 810. 669. 00
2. 476, 966 75
48, 345, 383. 72
87, 708, 502. 00
43, 820, 000. 00
$710. 848, 609. 39
339, 251. 350. 00
16, 102, 000 00
27, 292. 150. 00
20, 524, 291. 55
73, 435, 117. 98
29. 510, 688. 11
10. 238, 219. 85
26, 330, 701.24
6, 681, 189. 54
2, 680, 882. 39
11,267, 703.12
75, 317, 992. 22
14, 226. 817. 00
2, 2’85, 499. 02
37, 090, 543. 44
82, 485. 978. 00
43, 570, 000. 00
$719, 341, 186. 06
338, 845, 200 00
15, 704, 000. 00
28, 270, 600. 00
23, 300, 681. 87
74, 635, 405. 61
36, 128, 750. 60
10, 430, 781. 32
26, 593, 357. 00
6, 324, 955. 47
3, 076, 456. 74
11, 497, 534. 13
83, 930, 515.64
16, 342, 582. 00
2', 184, 714. 39
31, 099, 437. 78
94, 573, 751. 00
43, 465, 000. 00
$715, 928, 079. 81
340, 857, 450. 00
15, 381, 500. 00
22, 323, 800. 00
23, 614, 721. 25
66, 275, 668. 92
33. 918, 805. 65
9, 202, 496. 71
27, 470, 746. 97
5, 871, 750. 02
2, 491, 222. 11
12, 536, 613. 57
79, 089, 688. 39
12, 512. 927. 00
2, 078 178. 05
18, 400, Oil. 47
79, 324, 577. 00
43, 345, 000. 00
$725, 515, 538. 49
344, 104, 200. 00
15, 189, 500. 00
23, 893. 300. 00
22, 686, 358 59
64, S05, 06:!. 88 |
37,478,166.49
9 824, 144. 18
28, 021, 637. 44
6,905,073.32
3, 251, 648. 72
13, 229, 403. 34
76.208.707.00
17.001.846.00 j
2, 150, 522. 89 [
26,807,251.59
80.580.745.00 '
41, 845, 000. 00
1,546,261,357.44
1,529,147,735. 85
•1,565,750.909. 67
1,510,713,236. 92
1,538,098,100. 93
18 7 1.
MARCH 18.
APRIL 29.
JUNE 10.
OCTOBER 2.
DECEMBER 10.
LOSS banks.
1,707 banks.
1,723 banks.
1,767 bauks.
1,700 banks.
Lon ns and discounts
Bonds forcirculation
Bonds for deposits
U. S bonds on hand
Olliorstocksand b’ds
Duo from red’gag’nts
Due from nat'l banks
Duo from State banks
Real estate, oto
Current, expenses. . .
Premiums paid . . .
$767, 878, 490. 59
381, 5.76, 700. 00
15 231, 500. 00
23,911,350.(0
22, 763, 809. 20
83, 809, 188. 93
:<), 201, 119. 99
10,271,605.34
28, 80.7, 814. 79
6 694 oil. 17
3, 929, 995. 20
11,642,644. 74
100, 693,917. 54
18, 137, 006. 00
2, 103, 298. 10
25, 769, 166. tit
91, 072, 349. 00
37, 570, 000. 00
$779, 321, 838. 1 1
354, 427, 200 00
15, 236, 500 00
22. 487, 9»0. 00
22, 414, 0.79. 05
85, 031,016. 31
38, 382, 679. 74
1 1, 478, 174. 71
29,242,762.79
6, 761, 159. 73
4, 414 , 755. 40
12, 749,289.81
130. 855, 698. 15
JO, 632, 828. 00
2, 185, 768.09
22, 782, 027. 02
106 219. 126. 00
88, 935, 0tH> 00
$789, 416, 568. 13
357, 388, 950. 00
15, 260, 500. 00
24,200,300 00
23, 132, 871. 05
92. 369, 246. 71
39, 026, 579. 35
31, 853, 308 00
20 637, 000. 30
6, 295, 099. 46
5, 026, 385. 97
13, 101, 497. 95
102, 001,311. 75
19. 101, 889. 00
8 100,713.22
10,024,036. 16
122, 1,87, 660. 00
30, 090, 000 00
$831, 552, 210 00
364, 473, 800. 00
28. 087. 600. 00
17, 7.T3, 650. 00
24, 517, 059. 35
80, 878, 608. 81
43, 626 362. 05
12, 772, 669. 83
80, 089, 788. 85
0. 153, 370. 29
6, 500, 890. 17
14, 058, 268. 80
101, 1 65, 834. 52
14. 197. 638. 00
2, 095, 485. 79
18, 262, 008. 17
109,414,785. 00
25, d75, OtfO. 00
$818, 996, 311.74
366, 840, 200. 00
23, 155, 100. 00
17, 675, 500. ( 0
28,061,184.20
77.985,600.53
43,313,344.78
13, 069,301.4u
30. 0 0, 330.57
7,330.424.12 !
5, 050, 073. 74
18,18), 424. 70
114. 538, 339 03
13, 085, 004 00
2, 06 1. 600. 80
29, 595, 299. 56
98, 942. 707, 00
21, 400. 000. 00
Cl’r'g-hpuso oxeli’gs.
National banknotes
Fraet lonal currency .
Specie
Legal-tender notes. .
Tlin operront.crit fs
Total . . .
1.627, 032, 030. 28
t, 091.440.912. 94
1,703,415,3,15.63
1,730,506.809. 72
1,715,861,897. 22
REPORT OF THE COMPTROLLER OF THE CURRENCY. 305
Banks from October, 1863, to October, 1887 — Continued.
1 8 « » .
Liabilities.
JANUARY 4.
APRIL 17.
JUNE 12.
OCTOBER 9.
1,628 banks.
1,620 banks.
1,619 banks.
1,617 banks.
Capital stock
$119, 010, 931. 00
$420, 818, 721. 00
$422, 659, 260. 00
$420. 399,151.00
Surplus fund
81. 109. 930. 52
82, 053, 989. 19
82, 218. 576. 47
80, 165, 334. 32
Undivided profits
35, 318, 273. 71
37, 489, 314. 82
43, 812, 898. 70
40, 687, 300. 92
Nat’l bank notes outstanding.
291. 470, 702. 00
292, 457. 098 00
292, 753. 286. 00
293,503,615.00
State bank notes outstanding.
2, 734, 009. 00
2,615,387.00
2, 558, 874. 00
2, 454, 097. 00
Individual deposits
U. S. deposits
508.530 934.11
547, 922, 174 91
574, 307, 382. 77
511,400, 190.63
13,211,850.19
10, 114,328.32
10, 301, 907. 71
7. 112,010.67
Dep’tsU.S. disburs’g officers
3, 472, 884. 90
3, 605,131.61
2, 454, 048. 99
4, 510, 048. 12
Hue to national banks
95, 453, 139. 33
92, 662. 648. 49
100, 933. 910. 03
95,067. 892.83
Duo to Slate banks and b’k’rs.
20, 981, 945. 74
23, 018, 610. 02
28, 040, 771. 30
23, 819, 371. 62
Notes and bills re-discounted
Sills payable
2. 464. 849. 81
1, 870, 913. 26
2, 392, 205. 61
1, 735,289.07
3, 839. 357. 10
2, 140, 363. 12
Total
1, 540, 304, 266. 50
1, 517, 753, 107. 03
1, 564, 174, 410. 65
1, 497, 226, 604. 33
1870.
JANUARY 22.
MARCH 24.
JUNE 9.
OCTOBER 8.
DECEMBER 28.
1,015 banks.
1,615 banks.
1,612 banks.
1,615 banks.
1,648 banks.
Capital stock
$420, 074, 954. 00
$427, 504, 247. 00
$427, 235, .701. 00
$130, 399,301.00
$435, 356, 004. 00
Surplus fund
90. 174, 281.14
90, 229 954. 59
91, 689, 834. 12
94, 061, 428. 95
91, 705, 740. 34
Undivided profits . . .
34, 300, 430. 80
43, 109, 471. 62
42, 801, 712. 59
38, 608, 618. 91
46, 056, 428. 55
Nat’l bank circulat’n .
292, 838, 935. 00
292, 509, 149. 00
291, 183, 614. 00
291, 798 640. 00
296. 205, 446. 00
State baDk circulat’n
2, 351, 993. 00
2, 279, 469. 00
2, 222, 793. 00
2, 128,548.00
2, 091, 799. 00
Dividends unpaid . . .
2, 299, 296. 27
1, 483, 416. 15
1, 517, 595. 18
2, 462, 591. 31
2, 242, 550. 49
Individual deposits.
546, 236, 881. 57
510, 058. 085. 26
542. 201, 563. 18
501, 407, 586. 90
507. 368, 018. 67
U. S. deposits . . .
6, 750, 139. 19
6. 424, 421. 25
10, 677, 873. 92
6, 807. 978. 49
(i, 074, 407. 90
Dep’ts U.S. di?. offic’s
2, 592, 001. 21
4, 778, 225. 93
2, 592, 967. 54
4, 550, 142. 68
4, 155, 304. 25
Due to national banks
108, 351, 300. 33
109, 667, 715. 95
115. 456, 491. 84
102, 348 292. 45
106, 090, 414. 53
Due to State banks . .
28, 904, 849. 14
29, 767, 575. 21
33, 012, 162. 78
29, 693, 910. 80
29, 200, 587. 29
Notes re-discounted
3,812,542. 30
2, 402,617.49
2, 741, 843. 53
3. 843, 577. 67
4, 612, 131.08
Bills payable
1, 543, 753. 49
2,873,357.40
2, 302, 756. 99
4, 592, 009. 76
4, 838, 667. 83
Total
1,546,261,357.44
1,529,147,735. 85
1,565,756,909.07
1,510,713,236. 92
1,538,098,105.93
18 7 1.
MARCH 18.
APRIL 29.
JUNE 10.
OCTOBER 2.
DECEMBER 16.
1,G88 banks.
1,707 banks.
1,723 banks.
1,767 banks.
1,790 banks.
Capital stock
$414, 232, 771. 00
$446, 925, 493. 00
$450, 330, 841. 00
$458, 255, 696. 00
$4G0, 225, 8G6. 00
Surplus funds
Undivided profits ...
96, 862, 081. 66
43, 883, 857. 64
97, 620, 099. 28
44, 776, 030. 71
98, 322, 203. 80
45, 535, 227. 79
101, 112, 071. 91
42, 008, 714. 38
101. 573, 153. 62
48, 630, 925. 81
Nat'lbank circulat’n
Statebank circulat’n .
301, 713, 460 00
2, 035, 800. 00
306, 131. 393. 00
1, 982, 580. 00
307, 793, 880. 00
1, 968, 058. 00
315, 519, 117. 00
1, 921, 056. 00
318, 265, 481. 00
1, 886, 538. 00
Dividends unpaid . . .
1, 263, 767. 70
2, 235, 248.46
1, 408, 628. 25
4, 540, 194. 61
1, 393. 427. 98
Individual deposits..
U. S. deposits
Dep’ts U.S. dis. offic's
561 100,830.41
6,314, 957.81
4, 813, 016. 66
611, 025, 174. 10
6. 521, 572. 92
3, 757, 873. 84
602, 110, 758. 16
6, 265. 167.01
4, 893, 907. 25
COO, 868. 4*6. 55
20,511. 93'.. 98
5, 393, 59'8. 89
596, 586. 487. 54
14. 829, 525. 65
5, 399, 108. 34
Due to national b’nks
Due to State banks..
118. 904. 805. 84
37, 311, 519. 13
128, 037, 469. 17
36, 113,290.67
135, 167, 847. 69
41, 219, 802. 96
131. 720, 713. 04
40, 211, 971. 67
118, 657,614. 16
38, 116, 950. 67
Notes re-discounted.
3, 250, 896. 42
5, 248. 206. 01
3, 573. 723. 02
5, 740, 964. 77
3,120,029. 09
5, 278, 973. 72
3, 964, 552. 57
4, 5‘_8, 191. 12
4, 922, 455. 78
5, 374, 262.67
1,627,032,030.28
1,694,440,912. 94
1,703,415.335.65
1,730,560.899.72
1, 715, 8G1, 897. 22
8770 cur 87 20
306 REPORT OF THE COMPTROLLER OF THE CURRENCY
Aggregate Resources and Liabilities of the National
1872. •
Resources.
FEBRUARY 27.
APRIL 19.
JUNE 10.
OCTOBER 3.
DECEMBER 27.
1,814 banks.
1,843 bauks
1,853 banks.
1,919 banks.
1,940 banks.
Loans and discounts
Bonds for circulation
Bonds for deposits. .
U. S . bonds on baud
Other stocks and b'ds
Dub from n d'u ag’iits
Duo from nat’l banks
Due from State banks
Real osi ate, etc ....
Current, expenses ...
Premiums paid
Cash items
Clear’g- Imuso ex e.h’ps
National-bank notes
Fractional currency.
Specie
Legal-lender notes ..
TT.S.cer’fs of deposit
Tliiee percent.cert’fs
$839 065,077.91
370. 824. 700 00
15. 870. 000 .00
21. 323, 150 00
22, 8 8, 1188 80
89,518 529 98
38 282. 905 8G
12, 269. 812. G8
30. G 37, G7G. 75
6, 2G5. 655. 13
6. 808. 821. 80
12, 148, 40.1. 12
93, 151*819 74
15. 552. 087. 00
2, 278, 143. 21
25. 507, 825. 32
97, 865, 400. 00
$814, 002, 253.49
374, 428. 450 00
15, 169 000 00
10, 292. 10(1 00
21. 5 .8. 914 00
82. 120.017. 24
36, 697, 592. 81
12. 299, 716 9 1
30. 809. 274.98
7. 026. 041.23
6, 544, 279.29
12, 461, 171. 40
114, 195, 906. 36
18. 492, 8 52 00
2, 143, 249.29
24, 433, 899. 46
105, 782, 455. 00
$871, 531, 448. 67
377, 0.9, 700. 00
15, 409, 950 00
16. 458. 250. 00
22,270 010.47
91. 504 269.53
39, 468, 823. 89
13, Oil! 265. 26
31 123,843.21
6. 719, 794. 90
0,616 174.75
13, 458. 753. 80
88, 592. 800. 16
10, 253. 500. 00
2, 069 464. 12
24 256, 644. 14
122, 994, 417. 00
$877, 197. 928. 47
382, 046, 400 00
15. 479, 750 00
12. 142. 550 00
23. 533. 151. 78
80, 717, 071. 30
34, 486, 593. 87
12. 976, 878 01
32, 270, 498. 17
6. 310, 428 79
6,546.818.52
14.916, 784.34
110, 080.815.37
15, 787, 296 00
2, 151, 747. 88
10, 229. 756 79
105, 121, 10 4 00
6, 710 000 00
7, 140, ooo. do
$885. 053, 449. 02
38 1, 458, 500. 00
16, 80 4. 750 00
10, 806, 400. 00
23, ICO. 557. 29
86, 40 1. 459. 44
42, 707, 618. 54
12, 008,843.54
33,0x4. 796.83
8. 454. 803. 97
7,097.847.86
13, 696, 723. 85
90, 145, 482. 72
19, 0,0. 322.00
2, 270, 576. 32
19,047, 336. 45
102, 922, 369. 00
12, 650, 000 00
4, 1^0, 000. 00
18, 980, 000. 00
15, 365, 000. 00
12. 005, 000. 00
Total
11,719,415.657. 34
1,743,652,213. 55
1,770,837,269. 40
1,755,857,098. 24
1.773,550,532.43
18 7 3.
FEBRUARY 28.
ArRIL 25.
JUNF. 13.
SEPTEMBER 12.
DECEMBER 26.
1,947 banks.
1,962 banks.
1,968 banks.
1,976 banks.
1,976 banks.
Loans and discounts.
Bonds for circulation
Bonds for deposits ..
IT. S. bonds on baud
Ot iter stocks and b'ds
Due from red'g ng’nts
Due from nat’l banks'
Due from Statebanks
Real estate, etc
Current expenses ...
Premiums paid
Cash items
Clear'd- lionseexch’gs
National- bank notes
Fractional currency
Specie
Legal-tender notes..
U.S.cert’Is of deposit
Three per cent. cert Ta
Total
$913, 265. 189. 67
384.075.050 00
15. 035. 000. 00
10, 436, 950. 00
22. 063, 806 20
95 773,077.10
39 483,700.09
13. 595. 679. 17
34. 023,057.77
6.977. 831.35
7. 205, 259 67
11, 761. 711. 50
131, 8i o 95
15. 998 779 00
2, 289, 080. 21
17, 777, 673. 53
97, 141. 909. 00
18, 400, 000. 00
1, 805, 000. 00
$912,064, 267.31
380, 763. 800 00
16, 235. 000 00
9, 013, 550. 00
22.449, 146 0 4
88. 815, 557. 80
38, 671, 088. 63
12. 88 i, 353. 37
34, 216. 878 07
7,410,0 45.87
7, 559. 987 07
11, 425, 2li9. 00
94, 132, 125 24
19,310, 202.00
2, 198, 973. 37
16, 86 <, 808. 74
100, 605, 287 00
18, 370. 000. 00
710, 000. 00
$925. 557, 682. 42
388. 080, 100. 00
15. 9. 5. 000 00
9, 789.400 00
22. 912, 415. 03
97, 143,326.94
43, 328, 792. 29
14 073. 287. 77
34. 820. 502. 77
7. 154.211.09
7, 890, 902. 14
13, 036. 482. 58
91,918,526.59
20,294. 772.00
2, 197,559.84
27. 950, 086. 72
100,381,491.00
22, 365. 000. 00
805, 000. 00
$944, 220, 116. 34
388, 31.0, 400 00
14 805, 000 00
8, 824, 850 00
23, 709 034. 53
96, 134, 120 66
41.413, 680 00
12, 022, 873.41
34 661,823.21
6, 985, 426. 99
7, 752, 843. 87
11. 433, 913. 22
88, 9-6. 003. 53
16. 103. 842.00
2, 302, 775. 26
19,868. 469. 45'
92, 522, 663. 00
20, 610, 000. 00
$856. 810, 555, 05
389, 384. 400 00
14. 8.5. 200 00
8, 630, 850 00
24. 358. 125. 06
73, 032, 046. 87
40. 404, 757. 97
11, 185, 253. 08
35, 550. 746.48
8, 678, 270. 39
7,987. 107.14
12, 321, 972. 80
62, 881, 342. 16
21, 403, 179. 00
2, 287, 454 03
26, 907. 037. 58
108, 710. 50li. 00
24, 010, 000. 00
1,839,152,715. 21
1,800,303,280! 11
1,851,234,860.38
1,830,027,845.53
1,729,380,303. 61
1 8 7 4.
FEBRUARY 27.
MAY 1.
JUNE 26.
OCTOBER 2.
DECEMBER 31.
1,975 banks.
1,978 banks.
1,983 banks. *
2,004 banks.
2,027 bauks.
Loans and discounts
Bottds for circulation
Bonds for deposits
U. S. bonds orr band
Other stocks and b’ds
Due from rcs’voag’ls
Duo front ont'l banks
Due from State banks
Real estate, etc —
Current expenses . . .
Premiums paid
Cash items
Clear'd- house excli’gs
National-bank notes
F t act ional currency
Specie
Legal-tender notes..
ll.S.cert "fs of (b-posit
Dep. with U. S. '1 nits
Total
$897, 859, 600. 46
389. 614, 700 1 0
14, 600, 200. 00
11,043,400 00
25 305. 730. 24
101, 502,861.58
30, 021 001.29
11,406, 711.47
86 0 43, 741.50
0, 098, 875. 75
8.741,0-8.77
10. 260, 955.50
02; 768, 1 19. 10
20,00 1,251.00
2, 300, 010. 73
33, 365, 863. 58
102,717,603.00
37, 235, 000. 00
$923, 347 030. 79
389,249 100.00
14, 890, 200. 00
10, 152, 000. 00
25, 460, 460. 20
94,017,603.31
41,201,015.24
12, 374,391.28
30, 708, 060. 29
7, 547, 203. 05
8, t 80 370. 84
11.919,020.71
04. 87., 700.52
20, 673, 452. 00
2. 187. 180.60
82, 600, 060. 20
101,092, 9r.fl.00
40, 186, 000. 00
$920,195,671.70
800,281,700.00
14, 890, 200. 00
10, 450. 900 00
27.0. 0, 727. 48
97,871,517.00
45, 779, 715,59
12, 469, 592. 83
37, 270, 876. 51
7, 550, 125.20
8, 563, 262. 27
10,406, 257.00
63, 890. 271. 31
23, 627, 001, 00
2, 283, 808. 02
22, 320, 207. 27
103, 1 08, 350. 00
47. 780. 000. 00
01, 250. 00
$954, 394, 791. 59
883, 25 1, too. 00
14, 691, 700 00
13, 313, 550.00
27. $07, 826 02
83, 885, 126 94
39, 695, 309. 47
11, 190,011.73
38. 112,926.52
7, 058, 738. 82
8, 376. 659. 07
12, 290,410.77
07, 383, 087. 1 1
18, 450.013.00
2, 224. 943. 12
21,210. 045.23
80,021,016.00
42, 825, 000. 00
20, 349, 950. 15
$955, 862, 580. 51
382. 97(5, 200 00
14, 714, 000 00
15, 290, 300. 00
28, 313,473.12
80, 488, 831.45
48, 100, 812. 62
1 1 , 655, 573. 07
39, 190. 683.04
5. 510, 560. 47
8, 626, 1 12. 16
14,005, 617.33
1 12, 095, 317. 55
22, 532, 336. 00
2, 392, 068. 74
22, 436. 791.01
82, 001. 701.00
33, 670, 000. 00
21,043, 084.36
1.808,500,529. 10
1,807,802,700. 28
1,851,840,018.04
1,877,180,942.44
1,902,400,038. 40
REPORT OF THE COMPTROLLER OF TIIE CURRENCY. 307
Banks from October, 1863, to October, 1887— Continued.
. 18 7 2.
Liabilities.
FEBRUARY 27.
APRIL 1S>
JUNK 10.
OCTOBER 3.
DECEMBER 27.
1, 814 banks.
1, 843 banks.
1, 853 banks.
1, 919 banks.
1, 940 banks.
Capital stock
$tG4, 081, 744. 00
103, 787, 082. 62
43, 310, 344. 40
$467, 924, 318. 00
104, 312, 525. 81
40, 428, 590. 90
$470, 543, 301. 00
105, 181, 943 28
00, 234, 298. 32
$479, 029, 174. 00
110,257 516 45
$482, 600, 252. 00
111, 410, 248. 98
56, 702,411. 89
Undivided profits .. -
40, 023, 784. 50
Nat’l bank ciroulation
State bank cit e ulaliou
321, 634, 675. 00
1, 830, 503. 00
325, 305, 752. 00
1, 763, 885. 00
327, 092, 752. 00
1, 700, 935. 00
333,495,027 00
1, 567, 143. 00
336, 289, 285. 00
1, 511, 396. 00
Dividends unpaid ...
1, 451, 746. 29
1, 561, 914.45
1, 454, 044. 06
3, 149, 749. 01
1, 356, 934. 48
Individual deposits..
TJ. S. deposits
DepTsU.S.di8.officers
593, 645, 606. 16
7, 114, 893. 47
5, 024, 099. 44
620, 775, 205. 78
6, 355, 722. 95
3, 416, 371. 16
618, 801,619.49
6, 993, 014. 77
5, 403, 953. 48
013, 290, 671.45
7, 853,772.41
4, 563, 833. 79
598, 114, 679. 20
7, 863, 894. 93
5, 136, 597. 74
Due to u<ional banks
Due to State banks..
128, 627, 494.44
30, 025, 165. 44
120, 755, 565. 86
35,005,127.84
132, 804, 924. 02
39, 878, 820. 42
110, 047, 347. 67
33, 789, 083. 82
124, 218, 392. 83
34, 794, 903. 37
Notes rediscounted..
3, 818, CS6. 91
6, 062, 896. 91
4, 225, 622. 04
5, 821, 551. 76
4, 745,178. 22
5, 942, 479. 34
5, 549, 431. 88
G, 040, 562. 66
6, 545, 059. 78
6, 940, 410. 17
Total
1,719,415,657.34
1,743,652,213.55
1,770,837,269.40
1,755,857,098.24
1, 773, 556, 532. 43
1 8 7 3.
FERRUARY 28.
APRIL 25.
JUNE 13.
SEPTEMBER 12.
DECEMBER 26.
1, 947 banks.
1, 962 banks.
1, 968 banks.
Ll, 97G banks.
1, 976 banks.
Capital stock
$484, 551, 811. 00
$487, 891,251. 00
$490, 109, 801. 00
$491, 072, 616. 00
$490, 26G, Oil. 00
Surplus fund
114. 081, 048. 73
115, 805, 574. 57
110, 847, 454. 62
120, 314, 499. 20
120, 961, 267. 91
Undivided profits ...
48, 578, 045. 28
52,415, 348.46
55, 306, 154. 69
54, 515, 131. 76
58, 375, 169. 43
Nat'l bank circulation
336, 292, 459, 00
338, 163, 864. 00
338, 788, 504. 00
339, 081, 799. 00
341, 320 256 CO
State bauk circulation
1, 368, 271. 00
1, 280, 2u8. 00
1, 224, 470. 00
1, 188, 853. 00
1, 130, 585. 60
Dividends unpaid ...
1, 465, 993. 60
1, 462, 33C. 77
1, 400, 491. 90
1, 402, 547. 89
1, 269, 474. 74
Individual deposits .
056, 187. 531. 61
610. 848. 358. 25
641, 121, 775. 27
622, GS5, 563. 29
540. 510, 602. 78
U. S. deposits
7, 044, 848. 34
7, 880, 057. 73
8, 691, 001. 95
7, 829. 327. 73
7, G80. 375. 20
Dep’tsU.S.dis.ofiicers
5, 835, 696. 60
4, 425, 750. 14
6, 416, 275. 10
8, 098, 560. 13
4,705,593. 36
Due to national banks
134, 231, 842. 93
126, 631, 926. 24
137, 856, 085. G7
133, 672, 732. 94
114, 990, 660. 54
Dee to State banks..
38, 124, 803. 85
35, 036, 433. 18
40, 741,788.47
39, 298, 148. 14
36, 598, 076. 29
Notes rediscounted.
5, 117, 810. 50
5, 403, 043. 38
5, 515, 900. 67
5, 987, 512. 36
3, 811, 487. 89
Bills payable
5, 072, 532. 73
7, 059, 128. 39
7, 215, 157. 04
5, 480, 554. 09
7, 754, 137. 41
Total
1,839,152,715.21
1,800,303,280.11
1,851,234,860.38
1,830,627,845.53
1, 729, 380, 303. 61
1 8 7 4.
FEBRUARY 27.
MAY 1.
JUNE 26.
OCTOBER 2.
DECEMBER 31.
1, 975 b*nks.
1, 978 banks.
1, 983 banks.
2, 004 banks.
2, 027 banks.
Capital stock
$490, 859, 101. 00
$490, 077, 001. 00
$491, 003, 711. 00
$493, 765, 121. 00
$495, 802, 481. 00
Surplus fund
123, 497, 347. 20
125, 561, 081. 23
126, 239,308.41
128, 938, 106, 84
130, 485, 641. 37
Undivided profits ...
50, 236, 919. 88
54, 331, 713. 13
58, 332, 965. 71
51, 484, 437. 32
51, 477, 629. 33
Nat’l bank circulation
339, 602, 955. 00
340, 267, 649. 00
338, 538, 743. 00
333, 225, 298. 00
331, 193, 159. 00
State bank circulation
1, 078, 988. 00
1, 049, 286. 00
1, 009, 021. 00
964, 567. 00
800, 417. 00
Dividends unpaid ...
1, 291, 055. 63
2, 259, 129. 91
1, 242, 474. 81
3, 510, 276. 99
6, 088, 845. 01
Individual deposits..
595, 350, 334. 90
649, 280, 298. 95
622, 863,154.44
669, 068, 995. 88
682, 846, 607.45
U. S. deposits
7, 276, 959. 87
7, 994, 422. 27
7, 322, 830. 85
7, 302, 153. 58
7, 492, 307. 78
DeptsC.S.dis.officers
5, 034, 024. 46
3, 297, 689. 24
3, 238, 039. 20
3, 927, 828. 27
3, 579, 722. 94
Due to national banks
138, 435, 388. 39
135, 640,418.24
143. 033, 822. 25
125, 102, 049. 93
129, 188, 671. 42
Due to State banks..
48, 112, 223. 40
48, 683, 924. 34
50, 227, 420. 18
50, 718, 007. 87
51, 629, 602. 36
Notes rediscounted..
3, 448, 828. 92
4, 581, 420. 38
4, 430, 256. 22
4, 197, 372. 25
0, 365, 652. 97
Bills payable
4, 275, 002. 51
4, 772, 662. 59
4, 352, 560. 57
4, 950, 727. 51
5, 398, 900. 83
Total
1,808,500,529.10
1,867,802.796.28
1,851,840,913,04
1.S77, 180, 942.44
1,902, 409,033.46
308 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Aggregate Resources and Liabilities of the National
18 7 5.
Resources.
MARCH 1.
MAY 1.
JUNE 30.
OCTOBER 1.
DECEMBER 17.
2,02!) banks.
2,046 banks.
2,076 banks.
2,088 banks.
2,086 banks.
Loans and discounts .
Bonds for circulation
Bonds for deposits ..
F. S. bonds on hand
Other Btocksnud b'ds
Due from res’veag’ts
Due from nat’l banks
Daefrom Sialebauks
Real estate, etc
Current expenses ..
Premiums paid
Cash items
Clear’g-houseexoh’gs
Bills of ol her banks.
Fractional currency.
Specie
Legal-tender notes . .
U.S.cert’fs of deposit
Duo from U. S. Treas
Total
$956, 485, 909. 35
380, 682, 650. 00
14, 492, 200. 00
18, 062, 150. 00
28, 268, 811. 69
89, 991, 175. 34
44, 720, 394. 11
12, 724, 243. 97
39, 420, 952. 12
7, 790, 581. 86
9, 006, 880. 92
11, 734, 762. 42
81, 127, 796. 39
18, 909, 397. 00
3, 008, 592. 12
16, 667,106.17
78, 508, 170. 00
37, 200, 000. 00
21, 007, 919. 76
$971, 835, 298. 74
378, 026, SOO. 00
14, 372, 200. 00
14, 297, 650. 00
29, 102, 197. 10
80, 020. 878. 75
40, 039, 597. 57
12, 094, 086. 39
40, 312, 285. 99
7, 706, 700. 42
8, 434, 453. 14
13, 122, 145. 88
116, 970, 819. 05
19, 504, 640. 00
2, 702, 326. 44
10, 620, 361.64
84,015, 928. 00
38, 615, 000. 00
21, 454, 422. 29
$972, 926, 632. 14
375, 127, 900. 00
14. 147. 200. 00
12, 753, 000. 00
32, 010, 316. 18
89, 788, 903. 73
48, 513, 388. 88
11, 625, 647. 15
40, 969, 020. 49
4, 992, 044. 34
8, 742, 393. 83
12, 433, 100. 43
88, 924, 025. 93
24.261.961.00
2. 620, 504. 26
18, 959. 582. 30
87, 492, 895. 00
47, 310, 000. 00
19, 640, 785. 52
$984, 091. 434. 40
370, 321, 700. 00
14, 097, 200. 00
13, 889, 950. 00
33, 505,045. 15
85, 701, 259. 82
47, 028, 709. 18
11, 963, 768. 90
42,366, 647.65
7,841, 213. 05
8, 670, 091. ) 8
12, 758, 872. 03
75, 142. 863. 45
18, 528, 837. 00
2, 595, 631. 78
8. 050, 329. 73
76, 458, 734.00
48,810. 000.00
19, 686, 960. SO
$962, 571, 807. 70
363,618. 100 00
13, 881, 500. 00
10 009, 550 00
31, 657, 900. 52
81,462.682.27
44. 831,891.48
11. 895, 551. 08
41, 5&3, 311.04
9, 218, 455.47
9, 412, 801. 54
11, 238, 725. 72
67, 886, 967.04
17, 166, 190. 00
2. 901, 023. 10
17, 070, 905.90
70, 725, 077. 00
31, 005, 000. 00
19, 202, 256. 68
1,869,819,753. 22
1,909,847,891.40
1,913,239,201.10
1,882,209,307. 62
1,823,469,752.44
1 8 7 C.
MARCH 10.
MAY 12.
JUNE 30.
OCTOBER 2.
DECEMBER 22.
2,091 banks.
2,089 banks.
2,091 banks.
2,089 banks.
2,082 banks.
Loans anddiscounts.
Bonds for circulation
Bonds for deposits . .
U. S. bonds on hand .
Other stooksand b'ds
Duo from res’ve ag’ts
Duo from nat’l banks
Duo from Stato banks
Real estate, etc;
Current expenses
Premiums paid
$930, 205,555.62
354, 547, 750. 00
14,216, 500.00
25, 910, 650. 00
30, 425, 430. 43
99, 068, 360. 35
42, 341, 542. 67
11, 180,562. J 5
41, 937. 617. 25
8, 296, 207. 85
10,946, 71.3.15
9. 517, 808. 86
58 883, 182. 43
18, 536, 502. 00
3, 215, 594. .30
29, 077, 345. 85
76, 768, 446. 00
30, 8' i5, 000.00
18, 479, 112. 79
$939, 895, 085. 34
344, 537, 350. 00
14, 128, 000. 00
2d, 577, 000. 00
30, 905, 195. 82
86, 769, 083. 97
44, 328, 609. 40
11, 262, 193.98
42, 183, 958. 78
6, 820, 573. 35
10.4L4, 347.28
9, 693, 186. 37
$933, 686, 530. 45
339, 141, 750. 00
14, 328, 000. 00
30, 842, 300. 00
32, 482, 805. 75
87, 089, 900. 90
47, 417, 029. 03
10, 989, 507. 95
42, 722, 415. 27
5, 025, 549. 38
10, 621, 634. 03
11, 724, 592. 07
75, 328, 878. 84
20, 398, 422. 00
1, 987, 897. 44
25, 218, 469. 92
90, 836, 876. 00
27, 955, 000. 00
17, 063, 407. 65
$931, 304, 714. 06
337, 170, 400. 00
14, 098, 000 00
33. 142. 150. 00
34, 4-45, 157. 16
87, 320, 950. 48
47, 525, 089. 98
12, 061, 283. 08
43, 121, 042. 01
6, 987, 644. 46
10, 715,251.10
12, 043, 139. 08
87, 870,817. 66
15, 910, 315. 00
1,417. 203.60
21,360.767.42
84.250.847. 00
29, 170, 000. 00
10,743, 695.40
$929, 066.408.42
336, 705, 300. 00
14, 757. 000. 00
31, 937. 950. 00
81, 505 914. 50
83, 789, 1 74. 65
44.011.664. 97
12.415.841.97
43.498,445.49
9.818. 422.88
10, 811,300. 66
10. 658 709. 26
Clear’g-houseexch'gn
Bills of other banks
Fractional currency.
Specie
Legal-tender notes . .
U. S. cert' is of deposit
Duo from U. S. Treas
56, 806; 632. 63
20, 347, 964. 00
2, 771, 886. 26
21, 714, 594. 36
79, 858, 661.00
27, 380, 000. 00
10, 011, 680. 20
68, 027, 0: 0.40
17,521.663. 00
1, 146.741.94
32,999,647. 89
66,221,400. 00
20, 095, 000. 00
16,359,491.73
Total....
1,834,369,941.70
1,793,306,002. 78
1,825,700,967.28
1,827,265,367.61
1,787,407,093.76
1 8 7 7.
JANUARY 20.
APRIL 14.
JUNE 22.
OCTOBER 1.
DECEMBER 28.
2,083 banks.
2,073 banks.
2,078 banks.
' 2,080 banks.
2,074 bauks.
Loans anil discounts.
Bonds for circulation
Bonds for deposits
U. S. bonds on band
( )ther stocks and b’ds
Duo from res’ve ag’ts
Duo from nat’l banks
Duo ft om Stato banks
Real estate, otc
Current expenses . . .
Premiums paid
$920, 501, 018 65
337, 590, 700. 00
14, 782,000.00
31.988.650.00
31,819, 930.20
88, 098, 308. 85
44,844,016. 88
13, 080, 900. 81
43, 704, 336. 47
4, 131,510.48
10, 991,714. 50
10, 295,40 4. 19
81, 117,889.0 4
18.418.727.00
1,238, 228. 08
49, 700, 207. 65
72, 689, 710. 00
25, 470, 000. 00
10, 44 1,509. 68
$911, 946, 833.88
339, 658, 100. 00
15,084,000. 00
32, 964, 250. 00
32, 554, 594. 44
84, 942,718.41
42, 027, 778.81
11,011,437.86
44, 736, 540. 09
7, 842, 296. 86
10, 494, 505. 12
10,410, 023. 87
85, 159, 422. 74
17, 942, 693. 00
1, 114, 820. 09
27, 070, 0'!7. 78
72,351,573.00
82, 100, 000.00
10,201,040.84
$901, 731, 416. 03
337, 754, 100.00
14, 971, 000. 00
32, 344, 050. 00
85, 653, 755. 29
82, 132, 099. 96
44, 567. 303. 63
11,240, 349. 70
44, 818, 722. 07
7,910,804.84
10, 320, 674. 84
10, 099, 988. 46
$801,920, 593.54
336, 810, 950. 00
14, 903, 000. 00
30, 088, 700. 00
84, 435, 095. 21
73, 284, 188. 12
45. 217, 246. 82
11,415, 761.60
45, 229, 983. 25
6,915, 792.50
9,219, 174.62
11, 674, 587. 50
74,525,215. 89
15, 531,467. 00
900, 805. 47
22, 058, 820, 81
06, 020, 084.00
3:1, 4 10, 000. 00
16, 021,753.01
$881, 856, 744. 87
343, 809, 550. 00
13, 538, 000. 00
28. 479, 800. 00
32. 169,491.03
75. 960, 087. 27
44, 123,924.07
11. 479, 945. 05
45. 511,932.25
8, 958, 903. 60
8, 841, 939. 09
10, 26 4, 059.49
64, 664,415.01
20, 312, 692. 00
778, 084. 78
32, 007, 750. 70
70, 508, 248. 00
26, 615, 600, CO
10, 493. 577. 08
Clear' ir-houseexch’gs
Bills of other banks. .
Fractional currency .
Specie
Legal-tender notes
TJ.S.eert’fs of deposit
Due from U. S. Treas
57i 801 i 481. 13
20,182,948.00
1,055, 123.61
21, 885, 000.00
78, 004, 386. 00
44. 490, 000. 00
17, 032,674.80
Total
1,818,174,517. 68
l ci) : ' *;;> * »
1,774.352,833.81
1,74 1.081. 661. 64
1,737,295. 145. 71>J
REPORT OF THE COMPTROLLER OF THE CURRENCY
soy
Banks from October, 1SG3, to Octorer, 1887— Continued.
1 8 7 5 .
Liabilities.
MARCH 1.
MAY 1.
JUNE 30.
OCTOBER 1.
DECEMBER 17.
2,029 banks.
2,046 banks.
2,070 banks.
2,088 banks.
2,086 banks.
Capital stock
$196,272, 901.00
$498, 717, 143. 00
$501, 568, 563. 50
$504, 829, 769. 00
$505, 485, 865. 00
Surplus fund
131,249, 079.47
131, 604, 608. 66
133, 169, 094. 79
134, 350, 076. 41
133, 085, 422. 30
Undivided profits . . .
51, 07.0, 243. 02
55, 907, 019. 95
52, 160, 104. 68
52, 964, 953. 50
59, 201, 957. 81
Nat’l bankcireulation
324, 525, 349. 00
323, 321, 230. 00
318,148,406. 00
318, 350, 379. 00
314,979,451.00
State bank circula t ion
82-4, 876. 00
815, 229. 00
786, 844. 00
772, 348. 00
752, 722. 00
Dividends unpaid . . .
1, G01, 255. 48
2, 501, 742. 39
6, 105, 519. 34
4, 003, 534. 90
1, 353, 396. £0
Individual deposits
6 47, 735, 879. 09
09“>, 347, 677. 70
GS0, 478, 650. 48
604, 579, 619. 39
618, 517, 245. 74
U. S. deposits
7, 971, 952. 75
0, 797, 972. 00
6. 714, 328. 70
6, 507, 531. 59
0, G52, 550. 07
Dept'sU.S. dis. officers
5, 330, 414. 16
2, 766, 387. 41
3, 459, 061. SO
4, 271, 195. 19
4, 232, 550. 87
Due to nat ional banks
137, 735, 121. 44
127, 280, 031. 02
138, 914, 823. 59
129, 810, 681. 60
119, 843, 665. 44
Due to State banks. .
55, 294, 663. 84
55, 057, 582. 89
55, 714, 055. 18
49, 918, 530. 95
47, 048, 174. 56
Notes re-discounted .
4, 841, 600. 20
5, 671, 031. 44
4, 261,404.45
5, 254, 453. 66
5, 257,160.61
Bills payable
4, 78G, 436. 57
6,079,632.94
5, 758, 299. 85
6, 590, 234. 43
7, 056, 583. 64
Total
1,869,819,753. 22
1,909,847,891.40
1,913,239,201. 16
1,882,209,307. 62
1,823,409,752.44
1876.
MARCH 10.
MAY 12.
JUNE 30.
OCTOBER 2.
DECEMBER 22.
2,091 banks.
2,089 banks.
2,091 banks.
2,089 banks.
2,082 banks.
$504 818,600.00
$500 982 006. 00
$500 393,796.00
$499 802,232.00
$497 482 016.00
Surplus fund
133, 091, 739. 50
131, 795, 199. 94
131, 897,197. 21
132, 202, 282. 00
131, 390, 664. 07
Undivided profits ...
51, 177, 031.26
49, 039, 278. 75
46, 609, 341. 51
46, 445, 215. 59
52, 327, 715. 08
Nat’lbankcirculation
307, 476, 155. 00
300, 252, 085. 00
294, 444. 678. 00
291, 544, 020. 00
292, 011,575. 00
State bankcirculation
714, 539. 00
667, 060. 00
658, 938. 00’
628, 847. 00
608, 548. 09
Dividends unpaid . . .
1, 405, 829. 06
2, 325, 523. 51
6, 116, 679. 30
3, 848, 705. 64
1, 280, 540. 28
Individual deposits .
620. 674, 211. 05
G12, 355, 095. 59
641, 432, 886. 08
651, 385, 210. 10
619, 350, 223. 0G
U. S. deposits
6, 606, 394. 90
8, 493, 878. 18
7, 667, 722. 97
7, 256, 801. 42
fi, 727, 155. 34
Dept'sU.S.dis.officers
4, 313, 915. 45
2, 505, 273. 30
3, 392, 939. 48
3, 746, 781. 58
4, 749, 615. 39
Due to national banks
139, 407, 8S0. 06
127, 880,015.04
131, 702, 164. 87
131, 535, 969. 04
122, 351,818.09
Due to State banks..
54, 002, 131. 54
40, 706, 969. 52
51,403, 995. 59
48, 250, 111. 63
i48, 685, 392. 14
Notes re-discounted .
4, 631, 882, 57
4, 053, 460. 08
3, 8G7, 622. 24
4, 464,407. 31
4,553,158.76
Bills payable
6, 049, 566. 31
5, 650, 126. 87
6, 173, 006. 03
6, 154, 784. 21
5, 882, 072. 15
Total
1,834,309,941. 70
1,793,306,002. 78
1,825,760,967. 28
1,827,265,367. Cl
1,787,407,093. 76
1877..
JANUARY 20.
APRIL 14.
JUNE 22.
OCTOBER 1.
DECEMBER 28.
2,083 banks.
2,073 banks.
2,078 banks.
2,080 banks.
2,074 banks.
Capital stock
$493, 634, 611. 00
$489, 634, 645. 00
$4S1, 044, 771. 00
$479, 467, 771. 00
$477, 128, 771. 00
Surplus fund
130, 224, 169. 02
127, 793, 320. 52
124, 714, 072. 93
122, 776, 121. 24
121, 618, 455. 32
Undivided profits . . .
37,450,530. 32
45, 609, 418. 27
50, 508, 351. 70
44, 572, 678. 72
51, 530, 910. 18
Nat’lbank circulation
292,851, 351. 00
294, 710, 313. 00
290, 002, 057. 00
291, 874, 236. 00
299, 240, 475. 00
Statebankeirculation
581, 242. 00
535, 963. 00
521, 611. 00
481, 738. 00
470, 540. CO
Dividends unpaid . . .
2, 448, 909. 70
1, 853, 974. 79
1, 393, 101. 52
3, 623, 703. 43
1, 404, 178. 34
Individual deposits .
659, 891, 969. 76
641, 772, 528. 03
636, 267, 529. 20
616,403, 987.12
604, 512. 514. 52
U. S. deposits
7, 234. 090. 90
7, 5S4, 267. 72
7, 187, 431. 07
7, 972, 714. 75
0, 529, 031. 09
Dept’sU.S.dis.officers
3, 108, 316. 55
3, 076, 878. 70
3, 710, 167. 20
2, 376, 983. 02
3, 780, 759. 43
Due to national banks
130. 293, 566. 30
125, 422, 444. 43
121,413, 601.23
115. 028, 954. 38
115, 773, 660. 58
Duo to State banks. .
49, 965, 770. 27
48, C04, 820. 09
48, 352, 583. 90
40, 577, 439. 88
44, 807, 958. 79
Notes re-discounted
4, 000, 063. 82
3, 985, 459. 75
2, 953, 128. 58
3, 791,219. 47
4, 654, 784. 51
Bills payable
6, 483, 320. 92
5, 969, 241. 94
6, 249, 426. 88
6, 137, 116. 83
5, 843, 107. 03
Total
1,818,174,517. 68
1,796,603,275.29
1.774.352.833. 81
L 741, 084, 663. 84
1,737,295,145. 79
310 REPORT OF THE COMPTROLLER OF THE CURRENCY
Aggregate Resources and Liabilities of the National
18 7 8.
Resources.
MARCH 15.
MAT 1.
JUNE 29.
OCTOBER 1.
DECEMBER 6.
2,003 banks.
2,059 banks.
2, 056 banks.
2,053 banks.
2,055 banks.
Loans and discounts.
Ronds for circulation
Bonds for deposits ..
TJ. S. bonds on hand.
Otherstocks and b’ds
Due from res've agt’s
Due from nat’l banks
Duo from State banks
Real estate, etc
Current expenses ...
Premiums paid
Cash items
C 1 ear’g-b ouse exch ’gs
Bills of other banks.
Fractional currency.
Specie
Legal-tender notes . .
U. S.cert’fs of deposit
Due from U. S. Treas.
Total
$854, 750, 708. 87
348, 871, 350. 00
13, 329, 000. 00
34, 881,000. 00
34, 674, 307. 21
80,016, 090. 78
39. 092, 105.87
11, 683, 050. 17
45, 792, 303. 73
7. 780, 572. 42
7, 800, 252. 00
10, 107, 583. 76
60. 498, 965. 23
16, 250, 509. 00
697, 398. 86
54, 729, 558. 02
64, 034, 972. 00
20, 605, 000. 00
16, 257, 608. 98
$847, 620, 392.49
345, 256, 350. 00
19, 536, 000. 00
33. 615, 700. 00
34, 697, 320. 53
71, 331, 219. 27
40, 545, 522. 72
12, 413, 579. 10
45, 901, 536. 93
7, 239, 365. 78
7, 574, 255. 95
10, 989. 440. 78
95, 525, 134. 28
18, 363, 335. 00
661, 044. 69
46, 023, 756. 06
67, 245, 975. 00
20. 996, 000. 00
16, 364, 030.47
$835, 078, 133. 13
347, 332, 100. 00
28, 371, 000. 00
40, 479, 900. 00
36, 694, 996. 24
78, 875, 055. 92
41, 897, 858. 89
12, 232, 316. 30
40, 153. 409. 35
4, 718, 618. 66
7, 335, 454. 49
11, 525, 376. 07
87, 498, 287. 82
17, 063, 576. 00
610, 084. 25
29, 251, 469. 77
71, 643, 402. 00
36, 905, 000. 00
16, 798, 667. 02
5833, 988, 450. 59
347, 556, 650. 00
47, 936, 850. 00
46, 785, 600. 60
36, 859, 534. 82
85, 083, 418. 51
41,492, 918. 75
12, 314, 698. 11
40, 702, 476. 26
6, 272, 566. 73
7, 134, 735. 68
10, 982, 432. 89
82, 372, 537. 88
16,929,721 00
515, 601. 04
30,688,606.50
64, 428, 600. 00
32, 690, 000. 00
16, 543, 674. 36
$826, 017, 451. 87
347, 812, 300. 00
49, 110, 800. 00
44. 255. 850. 00
35,816. 810.47
81, 733, 137. 00
43, 144, 220. 68
12, 259. 856. 09
46, 728, 147. 36
7, 608, 128. 83
6, 978. 768. 71
9, 985, 004. 21
61,998,286. 11
19. 392.281.00
496, 864. 34
34, 355, 250. 36
64, 672, 762. 00
32, 520, 000. 00
17, 940, 918. 34
1,729,405,956. 90
1,741,898.959. 05
1,750,464,706. 51
1,767,279,133. 21
1 742,826,837. 37
1 8 79.
JANUARY 1.
APRIL 4.
JUNE 14.
OCTOBER 2.
DECEMBER 12.
2,051 banks.
2, 048 banks.
2,048 banks.
2,048 banks.
2,052 banks.
Loans and discounts
Bonds for circulation
Bonds for deposits. ..
TJ. S. bonds on hand .
Otherstocks and b’ds
Due from rea ve agt’s
Duo from nat’l banks
Due from State banks
Real estate, etc
$823, 906, 765. 68
347, 118, 300.00
66, 507, 350. 00
44, 257, 250. 00
35, 509, 400. 93
77, 925, 008. 08
44,101,948.46
11, 892, 540. 2G
47, 001, 964. 70
4, 033, 024. 07
6, 366, 048. 85
13, 504, 550. 25
100, 035, 237. 82
19, 535. 588. 00
475, 538. 50
41,499, 757. 32
70, 561, 233. 00
28, 915, 000.00
17, 175, 435. 13
$814, 653, 422. 09
348, 487, 700. 00
309, 3-18, 450. 00
54, 601, 750. 00
36, 747, 129. 40
74, 003, 830. 40
39, 143, 388. 90
10, 535, 252. 99
47,401,614. 54
6, 693, 668. 43
6, 609, 390. 80
10,011,294.04
63, 712, 445. 55
17, 068, 505. (10
467, 177. 47
41,148, 563.41
64, 461, 231. 00
21, 885, 000.00
17, 029, 121.31
$835, 875, 012. 36
352, 208, 000. 00
257, 038, 200. 00
62,180, 300.00
37, 617, 015. 13
93, 443, 463. 95
48, 192, 531. 93
11, 258, 520.45
47, 706,108. 26
6, 913, 430. 46
5, 674, 497. 80
10, 209, 982. 43
83, 152, 359. 49
16, 085, 484. 00
440, 217.26
42, 333, 287. 44
67, 059, 152. 00
25, 180, 000.00
10, 620, 980. 20
$878, 503, 097. 45
357, 313, 300. 00
18, 204. 650. 00
52, 942, 100. 00
39, 671, 910. 50
107, 023, 540. 81
46, 692, 994. 78
13, 630, 772.63
47, 817, 169. 36
6,111, 256.56
4,332,419.63
11, 306, 132.48
112, 904, 964. 25
10, 707, 550. 00
■ 306,065.06
42,173, 731.23
09, 196, 696. 00
26, 770, 000. 00
17, 029,065.45
$933, 543, GG1. 93
364, 272, 700. 00
14, 788, 800. 00
40. 677, 500. 00
38, 836, 369. 80
102, 742, 452. 54
55, 352, 459. 82
14, 425, 072. 00
47, 992, 332. 99
7, 474, 082. 10
4, 150, 836. 17
10, 377, 272. 77
112,172, 677.05
10,406,218. 00
374, 227. 02
79, 013, 041. 59
54, 715, 096. 00
10, 8G0, 000.00
17,054,816. 40
Current expenses
Premiums paid
Cask items
Olear’g-bouse exch’gs
Bills of ot her banks
Fractional currency.
Specie
Legal-tender notes . .
U. S. cert’fsof deposit
Due from U. S. Treas.
Total
1,800,592,002. 25
1, 984,068,930. 53
2,019,884,540.10
1,808,787,428.19
1,925,229,017.08
18 80.
FEBRUARY 21.
APRIL 23.
JUNE 11.
OCTOBER 1.
DECEMBER 31.
2,001 banks.
2,075 banks.
2,076 banks.
2,090 banks.
2,095 banks.
Loans and discounts.
Bonds for circulation
Bonds for deposits. ..
U. S. bonds on hand.
Otherstocks and b’ds
Due from res’ve agt’s
Duo from Dat’l batiks
Duo from Stato bauks
Real estate, etc
Current expenses ...
Premiums paid
Cash items
Clear’g-hotmoexcli’gs
Bills of other banks.
Fractional currency.
Specie.
Legal-tender notes ..
(T. S. cert’ Is of deposit
Duo from U.S. Treas.
Total
$974, 295, 300. 70
361,901, 700. fO
14,917,000.00
36, 798, 600. 00
41, 223, 583 33
117, 191,386. 81
53, 230, 034. 03
14, 501, 152.51
47,845,915. 77
0, 404, 743. 54
3, 908. (159. 27
10, 820, 274. 51
166, 736, 402. 64
15, 309, 257. (10
397, 187.23
89, 442, 051. 75
55, 229, 408. 00
10, 700, 000. 00
16,994,381.37
$992, 970, 823. 10
301,274,650.00
14, 722, 000. 00
29, 509, 600. 00
42, 494, 927. 73
103,964.229.81
54,493, 465.(9
13, 293, 775. 04
47, 808, 207. 09
7, 007, 404. 19
3,791,703.33
9, 857, 645. 34
99, 357,050.41
21.064.504.00
395, 747. 67
86, 429, 732. 21
61.048.941.00
7,890, 000.00
17, 220, 060. 01
$004, 712,640.41
859,512,050.00
14, 727, 000. 00
28, 605, 800. 00
44,047,845.75
1 16, 935. 668. 27
50, 578, 444. 69
18,861,682. 77
47, 979, 244. 63
6, 778, 829.19
8, 702,854.00
9, 980, 1 79. 32
122,890, 409.46
21,908, 193.00
887,226. 18
29, 500, 605. 26
04,470,717. 60
12,510,000.00
10, 099, 088. 78
$1,040,977,267.53
357,782.350 < 0
14 K27.000.00
28.793.400.00
48.863,150.22
134.562,778.70
63.023.7J6.8l
15.881.107.74
48.045.832 54
6.380.182.01
3,488,470.11
12,729.002 19
121.095.249 72
18.210.943.00
307.171.73
109,34(1 5i 9 49
50,040,458 00
7. 655.1 >00. 00
17.103.860.00
$1,071,356,141.79
358.C42.550.00
14.720.500.00
25.010.400.00
48,628.372.77
126,155.014 40
69.079,326.15
17,111.241.03
47,784.461.47
4,442,440.02
3,288.602.63
14,713.029.02
220.733 904 59
21,549,367 00
383 021.75
107,172.900.02
59,210.934 00
6,150.000.00
17,125,822.37
2,038,066,498. 46
1,974,600,472.95
2,035.403,280. 15
2,105,786,025.82
2,241,683,820.91
REPORT OF THE COMPTROLLER OF THE CURRENCY,
311
Banks from October, 18G3, to October, 18&7 — Continued.
18 7 8.
Liabilities.
MARCH 15.
MAY 1.
JUNE 29.
OCTOBER 1.
DECEMBER 6.
2,063 banks.
2,059 banks.
2,050 banks.
2,053 banks.
2.055 banks.
Capital stock
$473, 952, 541. 00
$471, 971, 627. 00
$470, 393, 360. 00
$406, 147, 436. 00
$464,874, 900. 00
Surplus fuinl
120, 870, 290. 10
119, 231,126.13
118, 178, 530. 75
116,897, 779. 98
116, 402,118. 84
Undivided profits ...
45, 040, 851. 85
43, 938, 961. 98
40,482, 522.01
40, 936, 213. 58
44, 040, 171. 84
Xat'l bank circnlat’n
300, 926, 284. 00
301,884, 704. 00
299, 621, 059. 00
301,888, 092.00
303, 324, 733. 00
Stato bank circulat'u
439, 339. 00
426, 504. 00
417, 808. 00
413,913. 00
400, 715. 00
Dividends unpaid . . .
1,207, 472. 68
1, 930, 609. 58
5, 400, 350. 52
3,118, 389. 91
1 473,784.80
Individual deposits..
602, 882, 585. 17
625,479, 771.12
621,632,160.06
620.230, 170 82
598 H05, 775. 56
U. s. deposits
7, 243, 253. 29
13, 811,474. 14
22, 686,619.07
41,634,812.08
40, 269, 825. 72
Dep’s U.S.dis. officers
3, 004, 064. 90
2,392, 281.61
2, 903, 531. 90
3, 342, 794. 73
3, 451,430. 56
Due to national banks
123, 239, 448. 50
109, 720, 396. 70
117,845,495. 88
122,496. 513. 92
120, 261,774. 54
Due to State banks..
43, 979, 239. 39
44, 006, 551. 05
43, 300, 527. 86
42, 636, 703. 42
41, 707, 755. 07
notes re-discounted.
2. 465, 390. 79
2, 834, 012. 00
2, 453, 839. 77
3, 007, 324. 85
3, 228, 132. 03
Bills payable
4, 215, 196. 23
4, 270, 870. 74
5, 022, 894. 37
4, 502, 982. 92
4, 525, 017. 45
Total
1,729,465,956. 90
1,741,898,959.05
1,750, 404, 70G. 51
1,767,279, 133. 21
1, 742, 826, 837. 37
18 79.
JANUARY 1.
APRIL 4.
JUNK 14.
OCTOBER 2.
DECEMBER 12.
2,051 banks.
2,048 banks.
2,048 banks.
2,048 banks.
2,052 banks.
Capital stock
$462, 031, 390. 00
$405, 611, 362. 00
$455, 244, 415. 00
$454, 007, 365. 00
$154,498,515. 00
Surplus fund
Undivided profits . . .
116, 200, 863. 52
36, 830, 269. 21
114, 823,310. 49
40, 812, 777. 59
114, 321, 375. 87
45, 802, 845. 82
114, 786, 528.10
41,360, 941.40
115,429, 031.93
47, 573, 820. 75
Xat’l bank circulat’n
State bank circulat’u
303, 506, 470. 00
388, 308. 00
304, 467,139. 00
352, 452. 00
307, 328, 695. 00
339, 9^7. 00
313, 786, 342. 00
325, 954. 00
321, 949, 154. 00
322, 502. 60
Dividends unpaid . . .
5, 816, 348. 82
2, 158, 516. 79
1, 309, 059. 13
2. 658, 337. 46
1, 305, 480. 45
Individual deposits..
U. S. deposits
Dep’s O.S.dis.officers
643, 337, 745. 26
59,701,222.80
3, 556, 801. 25
598, 822, 694. 02
303, 403, 505. 69
2, 689, 189. 44
048,934,141.42
248, 421, 340. 25
3, 682, 320. 67
719,737,568. 89
11,018, 862. 74
3, 409, 060. 02
755, 459, 966. 01
6. 923, 323. 97
8, 893, 217. 43
Due to national banks
Due to State banks
118,311,635. 00
44, 035, 787. 56
110,481, 176. 98
43, 709, 770 14
137, 360. 091. 60
50, 403, 004. 54
149, 200,277.16
52, 022, 453. 99
152, 484, 079. 44
59, 232, 391. 93
Notes re-discounted .
2, 926, 434. 95
3, 942, 659. 18
2,224,491.91
4, 452, 544. 48
2, 226, 386. 39
4,510, 876. 47
2, 205,015.54
4,208, 201.89
2,116, 484. 47
4, 041,649. 70
Total
1,800,592,062. 25
1,984,068,936. 53
2,019,884,549.16
1,808,7b7,428. 19
1,925, 229,617. 08
18 8 0.
FEBRUARY 21.
APRIL 23.
JUNE
11.
OCTOBER 1.
DECEMBER 31.
2,061 banks.
2,075 banks.
2,076 banks.
2,090 banks.
2,095 banks.
Capital stock
$454, 548, 585. 00
$156, 097, 935. 00
$455, 909,
565. 00
$457, 553, 985. 00
$458, 540, 085. CO
Surplus fnnd
117, 044,043. 03
117, 299, 350. 09
118, 102,
014. 11
120, 518,583.43
121, 824,629. 03
Undivided profits . . .
42, 863, 804. 95
48, 226, 087. 61
50, 443,
035. 45
40, 139, 690. 24
47,946, 741. 64
Xat'l bank circulat'n
320, 303, 874. 00
320, 759, 472; 00
318, 088,
562. 00
317, 350, 036. 00
317, 484,496. 00
State bank circulat’n
303, 452. 00
299, 790. 00
290,
738. 00
’ 271, 045. 00
258,499. 00
Dividends unpaid ...
1,365, 001.91
1, 542, 447. 98
1, 330,
179. 85
3, 452,504.17
0, 198, 238. 38
Individual deposits
848, 920, 599. 86
791, 555, 059. 63
833, 701,
034. 20
873, 537, 637. 07
I, 006, 452, 852. 82
U. S. depo- its
7,856,791.97
7, 925, 988. 37
7, 680,
005. 47
7, 548, 538. 67
7, Mis, 100. 94
Dep’s U.S.dis.officer3
3, 009, 880. 74
3, 220, 606. 64
3, 020,
757. 34
3, 344, 386. 62
3, 4i-9, 501. 01
Duo to national bn nk3
170,245, 061.08
157, 201), 759. 14
171, 402,
131. 23
192, 124, 705. 10
192,413,205.78
Due to State banks
65, 439, 334. 51
63, 317, 107. 96
67, 938,
795. 35
75, 735, 077. 00
71, 185,817. 08
Uotes re-discounted .
1,918, 788.88
2, 616. 9»0. 55
2, 258,
544. 72
3, 178, 232. 50
3, 354, 697. 18
Bills payable....
4, 181,280. 53
4, 529, 907. 98
5, 260,
417.43
5, 031,604.90
4, 620. 876 05
Total
2,038,066,498. 46
1,974,000,472. 95
2,035,493
280. 15
2,105,780,625. 82
2,241,083, 829.91
312 REPORT OF TIIE COMPTROLLER OF THE CURRENCY.
Aggregate Resources and Liabilities of the National
18 8 1.
Resources.
MARCH 11.
MAY 6.
JUNE 30.
OCTOBER 1.
DECEMBER 31.
2,091 banks.
■ 2,102 banks.
2,115 banks.
2,132 banks.
2,164 banks.
Loan9 and discounts.
Bonds for circulat ion
Bonds for deposits
T7. S. bonds on hand
Other stocks and b’ds
Duo from res'veag’ts
Due from nat’i banks
Due from State banks
Real estate, etc
Current expenses. .
Premiums paid
$1,073,780,749.70
339,811.950 00
14.851.500.00
40.026.150.00
49 515.151.92
120 8.0.G91.09
62.295 517.34
17.032.261.64
47,525.780 02
7 810 930. 83
3,5 :0 516.71
10.144 682. 87
147,761.543.90
17,733 032.00
386.569. 63
105.156.195. 24
52 156,439. 00
6,120 000 00
17,015,269. 83
$1,093,649,282.18
352,653.500. 00
15 240.000.00
44.116.500.00
52 908 123. 98
128.017,627.03
63,176.225. 67
.16 938,734. 56
47.791,348.36
6.096.109. 78
4 024.763. 60
11.826,603. 16
196.633,558. 01
25.120.933.00
386,950. 21
122,628.562.08
62.516,296 00
8.045.000 00
18,456,600. 14
$1,144.988 9 49. 45
358,287.500.00
15.265.000.00
48.584.950.00
58.0 49.292. 63
' 156,258,637. 05
75,703.599. 78
18 850.775. 34
47.834.060. 20
4,235.911. 19
4,115.980.01
13, 534,227. 31
143.960 230. 84
21.631. 932. 00
372.140.23
128. 6"8 927. 50
58.728.713. 00
9,540.000. 00
17,251,868. 22
$1,173,796.083. 09
363.385.500.00
15.540.000.00
40.866 750.00
61.952,402. 95
132.968,183. 12
78.505.446. 17
19 306.826. G2
47,329,111. 16
6.731.936.48
4,138.485. 71
14.831.879.30
189 222,255. 95
17,732.712 00
373.945 96
114.334.736 12
53.158 441.00
6.740 000. 00
17,472.595. 90
$1,160 177.557. 1G1
368.735.700.00
15 715.000 00
31.884 000. 00;
62.603.218.93
123,530.465. 75
77.633.C02.77j
17,044.704. 62 i
47,445. 050. 4G
4 647,101.04!
3,891.728. 72'
17.337.064.78
217.214.627.10
24.190.534.00
366 361 . 52
113 680.639.60
60.104.287.00
7.920.000.00
18.097,923.40
Clear’g-houseexch’gs
Bills of other banks
Fract ional currency
Specie
Legal-tender notes
TT. S. cert's of deposit
Due from U. S. Treas
Total
2,140,110,944. 78
2,270,226,817.76
2,325,832,700.75
2,358,387,391. 50 2,381,890,866. 85
1 8 8 2.
MARCH 11.
MAY 19.
JULY 1.
OCTOBER 3.
DECEMBER 30.
2,187 banks.
2,224 banks.
2,239 banks.
2,569 banks.
2,308 banks.
Loans and discounts
Bopds for circulation
Bonds for deposits
tT. S. bonds on band.
Other stocks and b’ds
Due from rcs’ve apt's
Due from nat'l banks
Due fromStato banks
Real estate, etc
Current, expenses...
Premiums paid
Cash items
$1,182,661,609.53
367.333.700 00
16 093.000 00
28.523,450.00
6 4.430,686. 18
117.452,719. 75
68.2,01, 645. 12
15.921.432. 07
47.073,247. 45
8.494,036.21
3,762 382.59
13, 208, 120. 70
162.088 077 94
19,440 089 00
389.508. 07
109.984,111.0 4
56.033.572. 00
9.445.000.00
17.720.701.07
$1,189,094,830.35
360.153.800 00
15.920.000. 00
29,662 700 00
65.274 999. 32
124, 189.945. 23
66.88 5,512. 75
16.880. 174. 92
46.956.574.28
6.774,571.86
5.062.314. 52
12,295 256.96
107.270.094.71
25,220.186. 00
390.236.36
112 415 806. 73
65 969.522.00
10.395.000. 00
17,099,385. 14
$1,208,932,655. 92
355.789.550 00
15.920.000. 00
27,242,550 00
66.691,399.56
118.455,012.38
75,366,970. 74
16.344,688. 66
46 425,351.40
3,030 464. 69
5,494,224. 35
20,166,927. 35
159,114,220 08
21,405,758. 00
373.725. 83
111.694.262. 54
64,019.518.00
11.045.000. 00
16,850,407.40
$1,243,203.210. 08
357.631.750 00
16.111 000.00
21 314,750.00
66,168.910. 64
113.277,227. 87
68.516,841.00
17,105,468. 44
46,537,066. 41
7.238,270. 17
6,515.155. 03
14.784,025.21
208,366.540.08
20.089,425. 00
396, 367. 04
102.857,778. 27
63.313.517. 00
8.645,000. 00
17,161,367.94
$1,230,456 213. 97
357,047.050.00
16.344 000.00
15.492 150.00
66 998 0.0. 36
122 006.106. 751
76.073.227. 76
18 405,748. 49,
46.993.408. 41
5! 130.505. 53
6,472.585.82
16,281.315.671
155.951 194. 81
25,344,775.00
401,314. 70
106.427.159. 40 j
08.478.421. 00 !
8,475.000. 00
17.954.069.42
Clear'd’ -honseexch’gs
Bills of other banks
F> actional currency
Specie
Legal-tender notes .
T7.S. cert’s of deposit.
Dne from U. S. Treas
Tottil
2,309,057,088. 72
2,277,92-4,911. 13
2,344,342,686.90 2,309,833,076. 84
2,360,793,467. 09
1 8 8 3.
MARCH 13.
MAY 1.
JUNE 22.
OCTOBER 2.
DECEMBER 31.
2,343 banks.
2,375 banks.
2,417 banks.
2,501 banks.
2,529 banks.
Loans and discounts
Bonds for circulation
Bonds for deposits . .
U. S. bonds on band
Otherstocksand b’ds
Due from res' ve asr’ts
Due from nat'l banks
Due from SI at e ban Us
Beal estate, eto .
Current expenses . . .
Premiums paid . ..
Cash items
Clear'd tr usi rxch'gs
Bills of ol her banks.
Kraut ional currency.
Specie
Legal-tender notes
II. S eei't/soCdennsit
Due from U. S. Tri as
$1,249,114,879. 43
354.746 500.00
16.799.000. 00
17.850.100.00
68.428,685.67
121.024,154. GO
67.203. 503. 86
16.993,341.72
47.063 305. 68
8 9 49.615. 28
7,4-0.939. 81
11.300.731.07
107.790165 17
19.739.520.00
431.931. 15
97 962. 366. 34
60 8'8 068 00
8. 405 000. 00
16.720 451.30
$1,202,339,981.87
354,480.250. 00
16.949.000 00
15.870,600 00
68.340.590. 79
109 306.82'i. 23
68 477.918.02
19.382,129. 33
47.155 009.80
7.754 958 86
7.708.445.04
15 461 050. 16
1 15 900 008 18
22 655 813. 00
440.318 91
103 007.260. 32
68 256.4' 8 00
8 4.0 000 00
17.407.094.31
$1,285 .591.902,19
354.002,900.00
17,116 000. 00
10.978.150.00
68.552.073. 03
126 646 954. 62
66 164,638.21
19.451.498. 16
47.502,103. 52
8.820.278 26
8.079.726. Ot
11.109.701. 18
00,792.075. 08
20.279.850.00
450.447.30
115.354.391 02
73.832.458 00
10.085.000.00
17.407,906.20
$1,309,244,781.61
351,412.850 00
17.081.000 00
13.593.050. 00
71.114,031.11
124.918.728.71
65,714,229. 44
18.266,275. 05
48,337.605. 02
0 808.827. 30
8.064.073. 60
13,581 049.94
96.353.211.76
22.675.447. 00
443.051. 12
107 817.083. 53
70 672.997. 0l
9.970 000.00
16.580,712. 60
$1,307,491,250.34
345.595 800. 00
16.846.000.00
13,151,250.00
71.009.421.62
120,999,000. 92
77.902,785.07
19.402 0 47. 12
49.640,760.35
4.878 318.44
8.647.252.98
17.491.804.43
134.515 273.98
28,809 699.00
427.754. 35
114 270.158.04
80 559.796. 00
10 8 to 000.00
• 16.805,938.85
Total
2,298,918,165.11
2,300,102,235. 85
2.304,833,122.44
2,372,056,364. 82
2,445,880,917. 49
REPORT OF THE COMPTROLLER OF TIIE CURRENCY.
313
Banks from October, 1863, to October, 1887— Continued.
18 8 1.
Liabilities.
MARCH 11.
MAY 6.
JUNE 30.
OCTOBER 1.
DECEMBER 31.
2,094 banks.
2,102 banks.
2,115 banks.
2,132 banks.
2,101 banks.
Capital stock
$458, 254, 935. CO
$459, 039, 205. 00
$400, 227, 835. 00
$403, 821, 985. 00
$165, 850, 835. 00
Surplus fund
122, 470, 990. 73
124, 405, 926. 91
120, 079, 517. 97
128, 140, Gt7. 75
129, 867, 493. 92
Undivided profits...
54, 072, 225.49
54, 906, 090. 47
54, 681, 137. 16
50, 372, 190. 92
54, 221,816.10
Nat’lbank circulation
298, 590, 802. 00
309, 737, 193. 00
312, 223, 352. 00
320, 200, 009. 00
325,018,101.00
State bank circulat ,'n
252, 705. 00
252, 047. 00
242, 967. 00
244, 399. 00
2 41, 701. 00
Dividends unpaid...
1, 402, 118. 43
2, 617, 134. 37
5, 871, 595. 59
3, 836, 445. 81
C, 372, 737. 13
Individual deposits.
033. 392, 430. 75
1, 027, 010. 514. 10
1, 031, 731, 043. 42
1,070 907, 431.71
l, 102, 679, 1G3. 71
U. S. deposits
7, 381, 149. 25
9, 504.081.25
8. 971. 826. 73
8, 476, 689. 74
8, 790. 678. 73
Dep’stl.S.dis.offieers
3, 8o9, 324. 7 /
3.371,512.48
3, 272, 610. 45
3, 631, 803. 41
3, 595, 720. 83
Due to national banks
181, 677, 285. 37
191, 250, 091. GO
223, 503, 034. 19
205, 862, 945. 80
197, 252. 320. 01
Duo to State banks..
71, 579, 477. 47
80, 700, 500. 06
91, 035, 599. 05
89, 047, 471. 00
79, 380. 420. 38
Notes re-discounted .
2, 010, 203. 05
2, 90S, 370. 45
2, 220, 053. 02
3, 091, 105. 30
4, 122, 472. 79
Bills pavablo
4, 581, 231. 47
4. 493, 544. 77
5, 109, 128. 57
4, 664, 077. 12
4. 482, 325. 25
Total
2,140, 110,914.78
2, 270, 226, 817. 76
2, 325, 832, 700. 75
2, 358, 387, 391. 59
2, 381, 890, 800. 85
18 8 2.
MARCH 11.
MAY 19.
JULY 1.
OCTOBER 3.
DECEMBER 30.
2, 187 banks.
2,224 banks.
2,239 banks.
2,269 banks.
2,308 banks.
Capital stock
$409, 390, 232. 00
$473,819,124.00
$477, 184,380. 00
$483, 104, 213. 00
$484, 883, 492. 00
Surplus fund
130, 924, 139. 06
129, 233, 358. 24
131, 079. 251. 16
131, 977, 450. 77
135. 950. 969. 31
Unuivided profits...
60, 475, 704. 98
03, 345, 199. 19
52, 128, 817. 73
61, 180, 310. 53
55, 343, 816. 94
Nat’lbank circulation
323, 051, 577. 00
315, 671, 236. 00
308, 921. 898. 00
314, 721, 215. 00
315, 250. 925 00
State bank circulat'n
2-41, 527. 00
241, 319. 00
235, 173. 00
221, 177. 00
207, 273. 00
Dividends unpaid...
1, 418, 119. 12
1, 950, 554. 88
C, 634, 372. 20
3, 153, 836. 30
6, 805, 057. 82
Individual deposits. .
1, 030, 505, 098. 20
1, 001, 087, 693 74
1, 060, 707, 248. 75
1, 122, 472, 682. 46
1, 006, 901, 719. 85
U. S. deposits
8, 853, 242. 16
9, 741. 133. 86
9, 8! 7. 224.44
8, 817. 411.21
9, 622, 503 50
Dep’s U.S.dis. officers
3, 372, 363. 90
3, 493, 252. 88
2, 867, 385. 63
3, 627, 846. 72
3, 780, 202. 20
Due tonational banks
187, 433. 824. 90
192, 067, 865. 26
194, 898. 025. 46
180. 075, 749. 77
194. 491, 260. 60
Duo to State banks..
78, 359, 675. 85
78, 911, 787. 20
84, 060, 023. 60
79, 885, 652. 22
77, 031, 105. 82
Notes re-discounted.
3, 912. 992. 3S
3, 754, 044. 38
4. 195. 210. 99
5, 747. 614. 68
0. 703, 164. 45
Bills payable
4, 428, 531. 51
5, 008, 343. 00
5, 037, 665. 88
4, 848, 517. 18
3, 856, 056. 54
Total
2, 309, 057, 088. 72 2, 277, 924, 911. 13 2, till, 342, CS0. GO
3, 399,833, 670.81
2, 360, 793, 467. 09
1 8 8 3.
MARCH 13.
MAY 1.
JUNE 22.
OCTOBER 2.
DECEMBER 31.
2,343 banka.
2, 375 banks.
2,417 banks.
2,501 bank’s.
2,529 banks.
Capital stock
$490 450, 932. 00
$493, 903, 069. 00
$500, 2C8, 312. 00
$509, 699, 787. 00
$511, 837, 575. 00
Surplus fund
130, 922. 884. 44
137, 775, 004.39
128. 331. 902 06
141, 991, 789. 18
11 1. 800. 252. 13
Undivided profits...
59, 340, 913. 04
60, 739, 878. 85
68, 354, 1.17. 15
61, 500, 652.04
58, 787, 945. 91
Nat’l bank circulat ion
312, 778, 053. 00
313, 549. 993. 00
311, 963, 302 00
310, 517, 857 00
304, 944,131. 00
State bank circulat'n
200, 779. 00
198, 162. 00
189, 253. 00
184, 357. 00
181, 121. 00
Dividends unpaid. ..
1, 389, 092. 90
2, 849, 029. 87
1, 454, 232. 01
3, 229, 226. 31
7, 082, 682. 28
Individual deposits. .
1, 004,111, 400. 55
1, 007, 962, 238. 35
1, 043, 137, 763. 11
1,019, 437, 700.57
1, 100, 453. 008. 23
U. S. deposits
9, 613, 873. 33
11. 024, 894. 57
10, l: 0. 757. 88
10. 18'!. ICO 95
10. 020, 777. 79
Dep's U.S.dis.officers
3, 787, 225, 31
3, 018. 114. 79
3, 743, 320. 56
3, 980, 250. 28
3, 768, 862. 04
Due to national banks
191, 296, 859. 14
180. 445, 876. 92
194, 150, 676. 41
183. 828. 670. 27
200, 807, 280. 06
Due to State banks. .
80, 251. 908. 26
78, 544, 128. 82
84, 744, 666. 35
8.!, 602, 073. 01
84, 776, 421. 60
Notes re-disconnted.
5, 101, 458. 09
5. 557, 18’<. 69
5. 197, 514. 12
7, 387. 537. 40
8. 248. 562. 07
bills payable
3, 000, 724. 79
3,304. 001.00
3, 137, 259. 77
4, 053, 252. 8 L
4, 100, 297. 78
Total
2. 298, 918, 105. 112, 360, 192, 235. 85
2, 364, 833, 122. 44
2, 372, G50, 304. 82
2, 445, 880, 917. 49
314 REPORT OF THE COMPTROLLER OF THE CURRENCY
Aggregate resources and liabilities of the National
1 8 8 1 .
Resources.
MARCH 7.
APRIL 24.
JUNE 20.
6EPTEM11ER 30.
DECEMBER 20.
2,503 banks.
2,589 banks.
2,625 banks.
2, 664 banks.
2,664 banks.
Loansand discounts
Bonds for circulation
Bonds for deposits
TJ. S. bonds on band.
Other stocks and b'ds
Due from tes’veag’ts
Duo from nat’l banks
Due from State banks
Real estate, etc
Current expenses
Premiums paid
$1,321,548,289.62
339,810.150. 00
10, 850, 000.00
18, 072, 250. 00
73, 155, 084. 00
138, 705, 012. 74
04, 0,;8, 322. 58
17. 937, 970. 35
49,418, 805. 02
7, 813, 880. 50
9, 742, 001.42
11, 383, 792. 57
" 08, 403, 373." 20
23, 485, 124. 00
491, 007. 70
122, 080. 127. 33
75,817, 095.00
14, 045. 000. 00
10, 405, 785. 00
$1,333,433,230. 54
337, 342, 900. 00
17, 135,000.00
15, 5C0, 400. 00
73,424,815. 97
122, 491, 957. 98
08, 031, 209. 90
18, 145, 827. 01
49, 007, 120.87
8 054, 290. 82
9. 820, 380. 76
11, 237, 975. 71
""83,’ 531,’ 472.' 58
26, 525, 120.00
489, 802. 51
114, 744. 707. 09
77,712.028. 00
11,990, 000. 00
17, 468, 976. 5S
$1,209,802,935. 96
334,346, 350. 00
17, 060, 000. 00
14, 143, 000. 00
72, 572, 300. 93
95,247,152.62
64, 891, 670. 13
10, 300, 500.91
50, 149, 083.90
8, 860, 558. 09
10, 605, 343. 49
11, 382, 292. 09
10, 335. 000. 00
69, 498 913. 13
23, 380,695,00
473. 046. 06
109, 601,082.11
76, 917, 212. 00
9, 870, 000. 00
17, 022, 999. 34
$1,245,294,093. 37
327,435,000. 00
16, 840,000.00
13, 579,000.00
71, 363, 477. 46
111, 993, 019. 05
00, 335,544. 57
15, 833, 982. £8
49, 900, 886. 91
6, 913, 508. 85
11, 632, 631. 68
13, 103, 098. 55
1,690, 000.00
66, 257, 118. 15
23, 258. 854. 00
409, 023. 89
128, 609, 474. 73
77,044, 659.00
14,200, 000 .00
17, 739, 906. 28
$1,234,202,220. 44
317, 580. 050. 00
16. 740.000.00
12, 305, 900. 00
73, 449, 352. 07
121, 101, 070. 80
69, 459, 884.45
18, 329, 912. 01
49, 889, 936. 06
9, 070, 996. 14
11, 923. 447. 15
11, 924, 152. 89
1, 870. 000. 00
75. 195, 955. 95
22, 377, 965 00
456. 778. 20
139, 747, 079. 53
76. 369, 555. 00
19, 0 10 000. 00
15, 442, 306. 52
Cl’g-housoloan cert’s
Clear’g-houseexc’gs
Bills of other banks
Fractional currency.
Specie
Legal-lender notes ..
TJ.S. cert’s of deposit.
Due from U.S. Treas.
Total
2, 390, 500, 038. 51
2, 390, 813, 834. 92
2, 282, 598, 742. 06|2, 279, 493, 880. 07
2, 297, 143, 474. 27
1 8 § 5.
MARCH 10.
MAY 6.
JULY 1.
OCTOBER 1.
DECEMBER 24.
2,G71 banks.
2,078 banks.
2,6S9 banks.
2,714 banks.
2,732 banks.
Loans and discounts
Bonds foreirculat ion
Bonds for deposits. .
U. S. bonds on band.
Other stocks atidb’ds
D uc from res’ voag’ Is
Duo from nat’l banks
Due fromStatebanks
Real estate, etc
Current expenses...
Premiums paid
Cash items
Cl’g-houseloan cert’s
Clear’ g-lmuse exc’gs
Bills of other banks.
Fractional currency
Trade dollars
$1,232,327,453.69
313, 106, 200. 00
10,815,0 0 00
14, G07, 650. 00
75, 152, 919. 35
130, 402, 273. 26
66,412, 051.87
17, 572, 822. 65
49,099,501. 42
7, 877, 320. 27
12, 330, 437. GO
11, 228, 850. 82
1, 530, 000. 00
59, 085, 781.99
22, 013, 314 00
519, 529. 96
$1,241,450,619. 79
312, 108, 500. 00
10,740, 000.90
14, 769, 250. 00
75,019, 2U8. 99
130, 903, 103. 77
67, 836, 050. 57
17, 348, 938. 11
49, 880, 378. 87
7, 090, 208. 00
12, 358, 082. 70
11, 270, 026. 48
1,430, 000.00
72, 259, 129. 39
20, 217, 171. 00
513, 200. 12
$1,257,055,547. 92
310, 102, 200. 00
17, 6l)7, 000 00
14, 588, 800. 00
77, 249, 159. 42
132, 733, 904. 34
77, 220, 972. 29
17,180, 008.40
50, 729, 896. 08
3, 533, 759. 49
12, 090, 003. 41
17, 214, 373. 52
1, 380, 000. 00
113, 158, 075. 32
23, 465, 388. 00
480, 927. 18
$1,306,143,990.46
307,057, 059.00
17, 457,009.00
14, 329, 400. 00
77, 495. 230. 25
138, 378, 515. 15
78, 907, 097. 86
17, 987, 891. 44
51,293, 801. 16
6, 853, 392. 72
12, 51 1, 333. 41
14, 347, 579. 53
1, 110,000 00
81, 926, 720. 70
23, 002, 705. 00
477, 055. 17
1, 005, 703. 09
174, 872, 572. 54
09,738,119.90
18 809,000.00
14, 897, 114. 24
$1,343,517,559.90
304, 770, 750. 00
18,012, 000.00
12, 005, 750.00
77, 533, 841. 38
139, 239, 444. 80
79, 452, 309. 67
18, 553, 940. 40
51,903, 002.01
9,410,071.01
11, 802, 199. 86
12, 810, 187. 04
620, 000. 00
92, 351, 296. 77
23, 178, 052. 00
415,082.64
1,079,961. 77
165, 354, 352. 37
67, 585, 406. 00
11, 705, 600. 00
14,981,021. 79
Specie
Legal-tender notes. .
U.S. cert's of denosit
Due from U.S.Treas.
Total
167, 115, 873. 67
71,017, 322.00
22, 760, 030. 00
15, 079, 935. SO
177, 433,119. 30
77, 336, 099. 00
19, 135, 000. ('0
15, 473, 270. 84
177, 012, 492. 02
79, 701, 352. 00
22, 920, 000. 30
14, 017, 897. 02
2, 312, 74-4, 247. 35 2, 346, 682, 452. 99
2, 421, 852, 010. 47
2, 432, 913, 002. 38
2, 457, 075, 250. 13
188G.
MARCH 1.
JUNE 3.
AUGUST 27.
OCTOBER 7.
DECEMBER 28.
2,708 banks.
2,809 banks.
2,849 banks.
2,852 banks.
2,875 banks.
Loans and discounts
Bonds forcirculation
Bonds for deposits. .
U. S. bonds on baud
Other stocksand b’ds
Due from res’ve ag’ts
Due from nat’l banks
Duo fromStatebanks
Real estate, etc
Current expenses...
Premiums paid
Cash items
Cl’g-bottseloan cort.’s
Clcar’g-hnuse exe’gs
Bills of other banks.
Fractional currency
Trade dollars
Specio
Legal-tender notes. .
U. S. cert’s of deposit
5% fund with Treas
Due from U. S. Treas
Total
$1,307,705,252 80
296,001,400 00
18, 037,000. 00
10, 58n, 050. 00
80, 227, 288. 98
142, 805, 080. 91
70, 933, 570. 07
18, 834, 235. 88
52, 202, 718. 07
7, 705, 850. 57
12, 237, 089. 15
15, 135, 538. 48
5(15, 000. 00
99,923,056.84
20, 503, 303. 00
471), 175. 18
1,681,530. 05
171,015,919. 39
07,014 886 00
12, 430, 001). 00
12. 953, 248. 20
1,513,019. 67
$1,398,552,099. 71
279, 414, 400. 00
18,810, COO. 00
12, 535, 550. 00
83, 347, 1 19. 03
133, 027, 130. 53
77, 032, 198 47
17, 720, 924. 20
53, 117,564.42
8, 681, 072.33
13, 298, 200. 28
12, 181,455.80
205, 000. 00
70, 140, 330. 00
25, 129,938. 00
452,301.34
1, 713. 381. 35
157, 459, 870. 49
79, 650, 788. (10
11,850,000. 00
12, 198, 526. 43
1,416, 892. 00
$1,421,547,199. 22
270, 315, 850. 00
19, 984,900. CO
14, 368, 950. 00
82,439,901.04
143, 715, 221. 45
78, 091,411.58
18, 387,215. 76
53, 834, 583. 58
5, 837, 175. 21
13, 611, 4G3. 72
10, 408, 081. 58
85, 000. 00
62,474, 005. 00
21,002, 061.00
451,308. 89
1,857,011.50
149, 000. 492. 10
64,039 751.00
8, 1 15, 000 00
11, 868, 912. 52
1, 599, 303. 30
$1,450,957,051. 93
258, 498, 950. 00
20, 105, 900. 00
12, 320,500.00
81, 825, 206.40
140, 704, 579. 01
80, 526, 015. 77
20, 140, 250. 27
64. 090, 070. 94
7, 438, 741. 12
14, 303, 529. 55
13, 277, 109. 04
” 05,538, oii.'is
22, 734, 085. 00
434, 220. 93
1, 889, 794. 55
150, 387, 090. 00
02, 812, 322. 00
5, 855, 000. 00
11,358,014.07
2, 592, 042. 94
$1,470,157,081. 13
228,381,350.00
21, 040, 900. 00
10, 570, 200. 00
81, 431, 000.00
142, 117, 079. 28
88,271,097. 90
21, 405, 427. 08
54, 703, 530. 37
10, 283, 007. 79
15, 100,021.67
13, 218, 973. 44
”70,' 525, i20. 92
20, 132, 330. 00
447, 833. 09
1,827,804.20
100,983,550 01
07, 739. 828. 00
0, 195.000.00
10, 050, 1.8 39
975, 370. 90
2, 404, 337, 129. 4t'2, 474, 544, 481. 89
2, 453, COG, 930. 07
2, 513. 854. 751. 17
2, 507, 753, 912. 95
REPORT OF THE COMPTROLLER OF TIIE CURRENCY. 315
Banks from October, 1863, to October, 1887 — Continued.
1884.
Liabilities.
MARCH 7.
APRIL 24.
JUNE 2o.
SEPTEMBER 30.
DECEMBER 20.
2, 563 Winks.
2, 589 banks.
2,625 banks.
2, 004 banks.
2, 664 banks.
Capital stock
Surplus fund
Undivided«profits ...
Nat'l bank circn'ati'n
State bauk circulau'n
Dividends unpaid . . .
Individual deposits..
U. S. deposits
Dep’sU. S. dis. ofiic’rs
Due to national banks
Due to State banks. .
Hotes re-discounted .
Bills payable
Cl’g-liouse loan cert’s
Total
$515, 733, 003. 00
145, 741, 679. SO
03,614. 861. 56
298, 791, 610. 00
180, 589. 00
1, 422, 901. 91
1,046, 050,167. 90
9, 956, 875. 24
3, 856, 461, 66
207, 461, 179. 63
88, 460, 363. 80
6,234, 202.32
2, 968, 740. 50
$518, 471,844. 00
146, 047, 958. 07
67, 450, 459. 00
297, 506, 243. 00
180, 576. 00
1, 415, 889. 5S
1, 000,778,388.00
11,233,495. 77
3, 588, 980. 50
192, 868. 942. 31
80, 778, 138. 85
7,299,284. 58
3, 193, 635. 20
$522, 515, 996. 00
145, 763, 416. 17
70, 597, 487. 21
295, 175. 334. 00
179, 666. 00
1, 384, 086. 71
979, 020, 349. 63
10, 520, 759. 44
3, 064, 320. 13
155, 7S3, 35t. 44
70, 480, 617.11
11, 343, 505. 55
4, 262, 244. 57
11, 895, 000. 00
$524, 271, 345. 00
147, 055, 037. 85
63, 234, 237. 02
289, 775, 123. 00
179, 653. 00
3, 086, 160. 33
975, 243, 795. 14
10, 367, 909. 92
3, 703, 804. 34
173, 979, 149. 80
72, 408, 206. 85
11, 008, 595. 07
4, 580, 862. 15
$524, 089, 065. 00
146,867,119. 06
70, 711, 369.95
280, 197,043.00
174, 045. 00
1, 331, 421. 54
987, 649, 055. 08
10, 655, 803. 72
3, 749, 969. 85
187, 296, 348. 30
72, 572, 384. 43
8,433, 724.67
3,415,524. 07
2, 390, 500, 638. 51
2, 396, 813, 834. 92 2, 282, 598, 742. 96
2, 279, 493, 880. 07
2, 297, 143,474.27
18 8 5.
MARCH 10
MAY 6.
JULY 1.
OCTOBER 1.
DECEMBER 24.
2, 671 banks.
2, 678 banks.
2, 683 banks.
2, 714 banks.
2, 732 banks.
Capital stock
Surplus fr.nd'
Undivided profits . . .
Nat’l bank circulati’n
State bank circulati’n
Dividends unpaid . . .
Individual deposits. .
U. S. deposits
Dep’s U.S. dis. offic’rs
Due tonationalbanks
Due to State banks..
Notes re-discounted
Bills payable
Total. ..i
$524, 255, 151. 00
145, 907, 800. 02
60, 296, 452. 56
274, 054, 157. 00
162, 581. 00
1, 301, 937. 73
996, 501,647.40
11,006,919.47
3, 039,046.40
205, 877, 203. 09
82, 190, 567.43
6, 299, 722. 15
1, 850,462.10
$525, 195, 577. 00
145, 103, 776. 01
60, 184, 358. 12
273, 703, 047. 00
144, 498. 00
2, 577, 236. 08
1,035, 802,188. 5G
11, 690, 707. 52
3, 330, 522. 70
199, 081, 104. 40
81, 966, 092. 25
5, 736, 012. 02
2, 167,333.33
$526, 273, 602. 00
146,523, 799.94
52, 229, 946. 61
269, 147, 6E0. 00
144, 480. 00
6, -114, 263. 98
1, 106, 376, 516. 80
10, 995, 974. 68
3, 027, 218. 02
203, 932, 800. 05
88,847,454. 7b
5, 864, 000. 85
2, 074, 259. 76
$527, 524, 410. 00
146, 624, 642.06
59, 335, 519. 11
268, 869, 597. 00
136, 898. 00
3, 508, 325. 38
1, 102, 372, 450. 35
11, 552, 621. 98
2, 714, 399. 37
213, 534, 905. 08
86, 115, 061. 25
8, 432, 792.61
2, 191, 380. 16
$529, 360,725.00
150, 155, 549. 52
69, 229, 645. 82
267, 430, 837. 00
133, 932. 00
1, 360, 977. 27
1,111,429. 914. 98
12, 058, 768.36
3, 005, 783. 11
216,564, 533.96
85, 060, 162.27
9, 932, 828. 24
1,951,598.60
2, 312, 744, 247. 35
2, 340, 682, 452. 99
2, 421, 852, 016. 47
2, 432, 913, 002. 38
2, 457, 675, 256. 13
1 8§G.
MARCH 1.
JUNE 3.
AUGUST 27.
OCTOBER 7.
DECEMBER 28.
2, 768 banks.
2, 809 banks.
2, 849 banks.
2, 852 banks.
2, 875 banks.
Capital stock
Surplus fund
U ndivided profits. . .
Nat’l bank circulati’n
State bank circulati’n
Dividends unpaid...
Individual deposits . .
U. S. deposits
Dep'sU.S. dis. ofiic'rs
Due to national ba’ks
Due to State banks..
Notes re discounted.
Bills payable
Total
$533, 360, 615. 00
152, 872, 349. 01
59, 376, 381. 80
256, 972, 158. 00
133, 931. 00
1, o34, 90a. 54
1, 152, 660, 492. 06
12,414. 506. 52
3, 019, 018. 72
219, 778, 171. 80
92, 663, 570. 46
8, 376, 095. 20
1, 174, 874. 29
$539, 109, 291. 72
153. 642, 934. 80
67, 662, 886. 02
244, 893, 097. 00
132, 470. 00
1, 526, 776. 0G
1, 146, 246, 911. 43
13, 670, 721. 76
2, 798, 864. 55
204, 405, 273. 11
90, 591, 102. 81
8,718,911. 71
1, 145,240. 26
$545, 522, 598. 00
157. 003, 875. 60
62,211, 505.63
238, 273, 685. 00
128, 330. 00
1, 8G3, 303. 62
1, 113, 450, 187. 35
14,295.927.74
2. 884, 805. 62
218, 327, 437. 33
90, 366, 354. 90
7, 948, 693. 27
1, 381, 095. 01
$548, 240, 730. 00
157, 249, 190. 87
66, 503, 494. 72
228, 672, 610. 00
125, 002. 00
2, 227, 810. 59
1, 172, 968, 308. 64
13, 842, 023. 69
2, 721, 276. 77
218, 395, 950. 54
90, 246, 483. 31
10, 594, 176. 56
2, 0G7, 693. 48
$550, 698, 675. 00
159, 573, 479. 21
79, 298, 286. 13
202, 078, 287. 00
115, 352. 00
1, 590, 345. 06
1, 169, 716,413.13
13, 705, 700. 73
4, 276, 257. 85
223, 842,279.46
91, 254, 533. 23
9, 159, 345. 79
2, 444, 958. 36
2,494,337, 129.44
2, 474, 544, 481. 89
2, 453, 600, 930. 07
2, 513, 854, 751. 17
2, 507, 753, 912. 95
316 REPORT OP THE COMPTROLLER OP THE CURRENCY,
Aggregate Resources and Liabilities of the National
1887.
Resources.
March 4.
May 13.
August 1.
October 5.
2,909 hanks.
2,955 hanks.
3,014 hanks.
3,049 hanks.
Loans and discounts
U.S. bonds to secure circ’lat’n
U. S. bonds to secure deposits
U. S. bonds on band
Otb’r stocks, b'ds, and mortal’s
Due from ap’r’d reserve ag’ts
Due from national banks . . .
Duefrom State b’ksaudb’k’rs
Real estate, furnit ure, etc . . .
Current exp's and taxes paid
Premiums paid
Checks and other cash items
Exchanges for cl’ng-house ..
Bills for other hanks
Uncurrcnt, and minor coins. .
Trade dollars
Specie
Legal-tender notes
TJ. S. certificates of deposit .
5% fund with Treasurer
Duefrom U. S. Treasurer...
Total
$1. 515, 534, C74. 67
211, 537, 150. 00
22, 976, 900. 00
9, 721, 450. 00
87, 441, 034. 86
163, 161,181.37
80, 460, 829. 09
21, 725, 805. 99
55, 128, COO. 78
8, 004. 292.40
15, 537, 721. 22
13, 308, 520.01
89, 239, 194. 59
22, 235, 200. 00
577, 878. 03
1, 803. 601, 40
171, 678. 900. 15
66, 228. 158. 00
7, 645, 000. 00
9, 280, 755. 33
1, 850, 195. 13
$1, 560. 291, 810. 73
200, 452, 300. 00
24, 990, 500. 00
8, 157, 250. 00
88, 031, 124. 15
148, 067, 874. 43
105. 576, 841. 99
22, 746, 190. 43
55, 729, 098. 76
7, 781, 151. 97
16, 806, 431. 83
13, 065, 603. 79
86. 829, 363. 73
25, 188, 137. 00
556, 186 75
184, 203. 08
167, 315, 665. 62
79, 595, 088. 00
8, 025, 000. 00
8, 810, 585. 35
1, 113, 554. 81
$1, 500, 371, 741. 05
189, 032, 050. 00
20, 402, 000. 00
7, 808, 000. 00
88, 374, 837. 99
140, 270, 155. 75
99, 487, 767. 80
20, 952, 187. 86
56, 954, 622. 58
5, 158, 940. 86
17, 353, 130. 17
16, 914, 070. 02
128, 211,628. 48
22, 962, 737. 00
564, 266. 72
63, 671. 97
165, 104, 210. 28
74, 477, 342. 00
7, 810, 000. 00
8, 341, 988. 77
660, 818.42
$1, 587, 549, 133. 76
189, 083, 100. 00
27, 757, 000. 00
6, 914, 350. 00
88, 831, 009. 96
140, 873. 587. 98
93,302,413.94
22, 103. 077. .18
57, 968, 159. 71
8, 253, 890. 72
17, 288, 771. 36
14, 691, 373. 38
88, 775. 457. 99
21, 937, 884. 00
540, 594. 50
509. 25
105, 085, 454. 38
73, 751, 255. 00
6, 190, 000. 00
8, 310, 442. 35
985, 410. 14
2, 581, 143, 115. 05
2, 629, 314, 022. 42
2, 637, 276, 167. 72
2, 620, 193, 475. 59
REPORT OF TI1E COMPTROLLER OF THE CURRENCY. 317
Banks from October, 18G3, to October, 1887— Continued.
18 8 7.
Liabilities.
March 4.
May 13.
August 1.
October 5.
2,909 banks.
2,955 banks.
3, 014 banks.
3,049 banks.
Capital stock paid in
$555, 351, 765. 00
$565, 629, 068.45
$571, 643, 311. 00
$578, 462, 765. 00
Surplus fund
164, 337, 132. 72
167, 411,521. 03
172, 348, 398. 99
173, 913, 440. 97
Undivided profits
67, 248, 949. 16
70, 153, 368. 11
62, 294, 634. 02
71, 451, 167. 02
Nat’l bank-notes outstanding
186, 231, 498. 00
17G, 771, 599. 00
166, 625, 658. 00
167, 283. 343. 00
State bank notes outstanding
106, 100. 00
98, 716. 00
98, 697. 00
98, 699. 00
Dividends unpaid
1,441,628.17
1, 977, 314. 40
2,239, 929. 46
2, 495, 127. 83
Individual deposits
1, 224. 925, 698. 26
1, 266. 570 537. 67
1, 285, 076, 978. 58
1, 249, 477, 126. 95
U. S deposits
15, 233, 909. 94
17, 536, 485. 93
19. 180, 7i2. 77
20, 392, 284. 03
Deposits U. S. disb’ng offic’rs
4, 277, 187. 61
3, 779 735. 14
4, 074, 903. 62
4, 831, 666. 14
Due to national banks
249, 337, 482. 40
244, 575,' 545. 12
235, 966, 622. 46
227, 491, 984. 15
Due to State banks
103,012, 552.48
102, 089, 438.63
103, 603, 598. 14
102, 094, 625. 68
Notes and bills rediscounted
7, 556, 837. 10
10. 132, 799. 64
11, 125, 236. 08
17. 312, 806. 39
Bills payable
2, 082, 374. 21
2, 567, 953. 30
2, 985, 987. 60
4,888,439.43
Total
2,581,143,115.05
2, 629,314,022.42
2, 637, 276, 167. 72
2, 620, 193, 475. 59
✓ .
✓
A SUMMARY
OF THE
STATE AND CONDITION
OF
THE NATIONAL BANKS
ON
December 28, 1886, March 4, May 13, August 1, and October 5, 1887.
Arranged by Slates, Territories, and Reserve Cities.
Note. — The abstract of each State is exclusive of any reserve city therein.
319
320 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 1886,
MAINE.
Resources.
Loans and discounts
Bonds forcirculation.
Bonds for deposits ..
U.S. bonds on hand. .
Other stockaand b'ds
Duofromres'voag'ts
Duo from nat '1 banks
Due from Rtal o banks
Real estate, etc...
Curren t expenses .
Premiums paid...
Cash, items
Clear’ g-housoexoh’gs
Bills of ot her banks .
Uncnr't& minor coin
Tradedollars
Specie
Legal-tender notes .
IT. S. cert's of deposit
H % fund with Treas
Due from U. S. Treas
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
71 banks.
71 banks.
72 banks.
72 banks.
72 banks.
$18,231,448. 55
$17, 976. 009.75
$18, 309, 203. 20
$18,502,167.80
$19, 174, 026. 59
7, 351, 000. 00
6, 501,0(10.00
5, 878. 600. 00’
5, 558, f 00. 00
5, 483, 5i 0. 00
DO. 0(10. 00
170, 000. 00
170 000.(i0
170*000. 00
17 0 000 00
10, 6 0 00
11, 750. 00
10,400 00
,0,400. 00
10. 4t 0. 00
77!), 273. 04
816, 977. 69
805. 954. 35
803,014. 02
S2S. 932. S3
1, 984, 959. 25
1,624, 733.48
1,615,264. i5
1, 586, 391.92
1, 0n0, 388. 87
710, 767. 16r
546, 101. 59
461, 201. 54
40!, 190 00
587, 018. 27
21, 425. GO
14, 765. 12
15,473. 48
12, 283. 39
15,510. 33
513, 906. 64
513, 783. 91
513, 246. 91
496, 910. 03
492, 729. 57
77. 043. 58
49, 784. 34
02, 535. 58
32, 205. 45
54,473.76
267, 244. 69
260, 237. 48
274, 191. 13
272, 280. 70
260, 404. 10
264, 379. 39
239, 655 61
213,013 69
199, 073. 84
207, 454 64
85,615.61
79. 372. 16
60, 795. 98
72 573.37
06, 580. 98
449, 930. 00
276 029. 00
299. 949. 00
330.410. 00
321, 995. 00
2, 796. 53
3, 707.61
3, 114.42
3,416. 74
3,003. 09
1, 983. 00
488. 00
231 (10
22. 00
763, 114. 86
793, 955. 17
687, 780. 49
676,498.61
093, 629. 93
239, 808. 00
184, 548. 00
185, 377. 00
197, 099. 00
219,296.00
321, 255. 00
281,865. 00
254, 750. 00
245, 482. 50
238. 627. 50
4, 788. 55
10, 780. 00
7, 532. 00
9, 670. 10
5, 950. 00
32, 251, 449. 71
30, 372, 543. 91
29, 828, 574. 02
29, 041, 650. 63
30, 439, 981. 40
N E W HAMPSHIRE.
49 hanks.
49 banks.
49 banks.
49 banks.
49 banks.
Loans and discounts.
Bonds forcirculation.
Bonds for deposits. . .
U. S. bonds on hand . .
Other stocks and b’ds
Due from res’ voag’ts.
Duo from nat 1 banks.
Duo from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
ClearV-houso exch’gs
Billsof other banks. .
TJnour*t& ruiuorcoins
Tr ade dollars
Specie
Legal-tender notes . .
IT. S. cert’s of deposit.
3% fund with Treas.
Due from U. S. Treas .
Total
$9, 10 L, 003. 29
4,449, 500. 00
350, 000. (JO
30'). 00
1, 674, 904. 94
1,371.739. 93
107, 564. 73
56, 798. 28
198, 493. 69
68, 140. 75
269, 341.88
120, 399. 39
$8. 993, 811.58
4, 304. TOO. 00
350, 000. (-0
0u0 00
1, 769,412. 03
1, 272, 851.45
. 144, 021. 35
48, 402. 05
195, 941. 62
48, 954. 93
245, 060. 40
109, 091. 29
$9,020, 81”. 42
4, 289, 500. 00
350, 010 00
4 250. 00
1,716, 862.58
1, 580. 289. 09
100, 459. 0 !
65, 458. 14
207, 077. 52
44 001. 17
268, 422. 96
140, 403. 66
$9, 357, 5S9. 87
4, 019, 500, 00
350, 000. 00
5, 000 00
1,703, 589.97
1, 151, 839. 56
147, 305. 04
46,267.86
207, 682. 46
35, 140. 88
291,171.60
190, 932. 31
$0 695, 037. 37
4,019 500.00
350, 000. 00
1, 600. 00
1. 753, 393. 98
1, 505, 535. 95
178, 512. 12
43. 524. 55
210, 474. 15
44, 478. 10
292, 540. 02
228, 541. 75
328, 978. 00
4, 789. 42
132. 25
387, OT’O. 4 1
141, 730. 00
239, 914. 00
4, 848. 03
407. 25
372, 756. 87
124, 706. 00
270. 141.00
5, 823. 21
407. 00
379, 240 15
132. 141. 00
252, 485. 00
4, 984. 54
27. 00
385, 159. 54
138, 235. 00
225, 149. 00
5,138. 06
394, 034. 15
122, 493. 00
199, 609. 07
6, 818. 34
104, 077. 50
4, 451. 20
192, 302. 50
1, 481. 20
180, 102. 50
1, 960. 00
178. 782. 50
1,432. 16
18, 837, 323. 97
18, 484, 517. 61
18, 850, 573. 23
18, 4G9, 032. 03
19, 250, 196. 95
VERMONT.
49 banks.
49 banks.
49 banks.
49 banks.
49 bunks.
Loans and discounts.
Bonds forcirculation.
Bonds for deposits ..
U.S. bonds on hand. .
Other stocks and b'ds
Duefrom res’voag'ts
Duo front nat’lbauks
Duo from State banks
Real estate, etc
Current expenses —
Premi urns paid
Cash items
Clear'g-houBoexch’gs
Bills ot other banks. .
Uncur't&ininorcoins
Tradedollars
Specie
Legal-tender notes .
IT. S. ccrt'sof deposit
3% fund with Treas.
Due from U. S. Treas.
Total
$12,080, 041.46
4, 076, TOO. 00
100, 000.00
129, 900. 00
824, 621. 17
1, 002, 860. 56
191, 317. 68
24, 805. 77
221, 128.00
50, 074. 06
140, 102. 02
90, 708. 08
$11,938,056.79
4,571.000. 00
1( 0 000. to
160, 950. 00
806, 554. 60
1,016.910 61
174, 526. 69
42,030.02
224, 183. 98
27, 926. 64
126, 159. 59
83, 005. 23
$12, 205, 214. 64
3, 954, 500. 00
100, COO. 00
160, 100. 00
768, 436. 28
1, 240, 382. 13
212, 134.92
02,072.30
223, 319. 80
51, 168.44
133. 561.40
63, 303. 90
$12,541, 864.26
3, 898, 5i 0 00
150, GOO. 00
122, 850 00
772, 242. 94
998, 880. 01
109, 090. 94
39, 020 22
215, 85G. 61
15.414.70
152, 109 00
67, 830. 10
$12, 879, 765. 21
3, 891,000. 00
150, 000. 00
128. 600. U0
820, 911.80
993, 278. 39
213,415 46
24, 898. 43
217, 650. 78
41. 252. 90
151, 680. 10
69, 090. 88
165, 467 CO
3, 684. 15
4,731.01
400, 082. 78
197, 701. 00
”'200,348.’ 29
3C0. 00
120, 990. 00
4, 684. 76
4, 781. 86
400, 992. 49
141, 433. 00
122, 360. 00
4. 270 61
2, 518. 00
384, 824. 26
172, 719. 00
121,810. 00
3,815.27
507. 00
305, 767. 91
101, 270. 00
123, 579. 00
4, 349. 05
4 00
387, 693. 58
174, 399. 00
201, 905. 00
585. 00
173, 872. 50
10. 00
172, 060. 00
340. 00
101, 903. 50
1, 310. 00
20, 577, 225. 03
20, 140, 200. 21
20, 095,417.14
19, 999, 380. 96
20, 434, 803. 14
REPORT OF TIIE COMPTROLLER OF TlfE CURRENCY
321
by States and reserve cities.
MAINE.
Liabilities.
DKCRM1IKK 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBKU 5.
71 banks. •
71 banks.
72 banks.
72 bauks.
72 banks.
Capital stock
$10, 200, 000. 00
•
2, 346, 128. 02
1, 370, 360. 34
6, 538, 054. 00
$10, 360, 000. 00
2, 374, 735. 09
1, 160, 447. 50
5, 756, 770. 00
$10, 385,000. 00
2, 396, 222. 03
1, 349, 712. 12
5, 231, 561. 00
$10,410, 000. 00
2, 414, 708. 45
1,191,330. 69
4, 944, 497. 00
$10, 440, 700. 00
2, 401, 404. 86
1, 343, 946. 34
4, 875, 561. 00
Undivided profits
Nat’l-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits . .
48, 058. 25
10, 018, 758. 52
73, 532. 53
63, 780. 26
647, 422. 77
62, 072. 02
92, 677. 00
49, 254. 50
9, 730, 874. 18
70. 650. 72
64, 867. 58
492, 577. 73
172, 330. 50
140, 036. 11
48, 984. 87
9, 506, 709. 64
91,691.23
61,702.84
546, 623. 17
79, 557. 00
130, 807. 12
74, 163. 61
9, 724, 629. 75
76,419. 50
72, 971.07
491, 044. 18
97, 429. 73
140,410. 45
4, 052. 20
73, 158. 70
10, 116, 282. 26
64. 277. 60
101, 859. 81
551, 540. 42
196, 317. 72
267, 180. 55
7, 752. 20
Dep'ts l/.S.dis.ofticers
Due to national banks
Due to State banks. .
Notes re-discounted. .
Total
32. 251, 449. 71
30, 372, 543. 91
29, 828, 574. 02
29,641,656. 63
30. 439, 981. 46
NEW HAMPSHIRE.
49 banks.
49 banks.
49 banks.
49 banks.
49 banks.
Capital stock
$6, 155, 000. 00
$6, 155, 000. 00
$6, 205, 000. 00
$6, 205, 000. 00
$6 205, 000. 00
Surplus fund
Undivided profits
1,331, 176.61
1, 397, 072. 60
1, 434, 547. 60
1,451,274.77
1, 453, 624. 77
639, 058. 42
747. 884. 54
576, 163. 83
595,190.03
537, 726. 39
Nat’l-bank circulation
3, 966, 995. 00
3, 892, 185. 00
3, 792, 8.79. 00
3, 588, 310. 00
3,588,015.00
State-bank circulation
6, 834. 00
6, 833. 00
6, 833. 00
6, 833. 00
6, 829. 00
Dividends unpaid
34, 610. 36
20, 629. 4C
30, 609. 80
40, 497. 26
34, 580. 12
Individual deposits ..
5, 576, 309. 26
5, 378, 933. 01
5,511,929.27
252, 883. 33
5, 632, 125. 05
6, 123, 423. 51
U. S. deposits
Dep’ts U.S.dis.oflicers
246, 377. 40
254, 507. 53
265, 029. 29
223, 031. 17
60, 174. 15
54, 286. 57
61, 817. 95
66, 992. 22
114,561.02
Due to national banks
466, 189.61
405, 450. 4G
578, 110. 26
406, 830. 61
500, 895. 52
Due to State banks . .
222, 703. 36
317, 674. 01
346, 831. 6S
245, 771. 19
341, 208. 42
Notes re-discounted. .
22,619. 68
25, 7S2. 20
24,171.31
17, 112. 00
15, 000. 00
Bills payable
450. 00
9, 810. 00
5, 530. 85
4, 970. 00
Total
18, 837, 323. 97
18, 484, 517. 61
18, 850, 573. 23
18, 469, 032. 63
19, 250, 196.95
VERMONT.
49 banks.
49 banks.
49 banks.
49 banks.
49 banks.
Capital stock
$7,641, 000. 00
$7, 591, 000. 00
$7, 516,000. 00
$7, 516, 000. 00
$7, 566, 000. 00
Surplus fund
1, 514. 978. 05
<1,551,346. 50
1, 552, 479. 33
1, 568, 887. 23
1,571,863.75
Undivided profits
740, 355. 38
532, 669. 71
688,419. 95
499, 807. 30
668, 328. 88
Nat’l-bank circulation
4, 175, 065. 00
4, 076, 725. 00
3, 531, 505. 00
3, 404, 035. 00
3, 478, 100. 00
State-bank circulation
3, 500. 00
3, 500. 00
3, 500. 00
3, 500. 00
3, 500. 00
Dividends unpaid
36, 012. 83
14,249. 93
9, 962. 55
24, 042. 75
9, 095. 60
Individual deposits. .
6, 124, 700. 31
5, 939, 958. 06
6, 239, 836. 44
6, 416, 438.48
6, 627, 089. 66
U. S. deposits
Dep'ts U.S.dis.otficers
47, 345. 32
00, 505. 72
69, 598. 48
115, 921.43
134, 515.47
5, 840. 88
4, 333. 23
4, 997. 89
7, 463. 15
8, 924. 22
Due to national banks
170, 995. 52
210, 607. 79
275, 731.26
225, 381. 42
216, 530. 49
Due to State banks...
71,483.59
70, 973. 90
90, 238. 79
82, 057. 59
86, 297. 70
Notes re-discounted. .
45, 933. 52
84, 247. 12
113,118. 20
75, 757. 36
44, 528. 12
Bills payable
14. 03
29. 25
29. 25
29. 25
20, 029. 25
Total
20, 577, 225. 03
20, 146, 206. 21
20, 095, 417. 14
19, 999, 380. 96
20, 434, 803. 14
8770 CUR 87 21
322
REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 1886, arranged
MASSACHUSETTS.
Resources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
197 banks.
197 banks.
198 banks.'
198 banks.
198 banks.
Loans and discounts.
Bonds for circulation .
Bonds for deposits. . .
U. S. bonds on band . .
Other stocks and b’ds
Due from res’voag’ts.
Due from nat’l banks
Due from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear "'-house exch’gs
Bills of other banks . .
U ucur’t&minor coins
Trade dollars
Specie
Legal-tender notes . .
B. S. cert’sof deposit.
5 % fund with Xreas .
Duefrom U. S. Treas
Total
$89, 493, 330. H)
30, 541, 750. 00
320. 000. 00
230,150.00
4, 006, 097. 09
7, 040, 530. 64
1, 190, 325. 81
182, 993.01
2, 176, 188. 71
571, 577. 37
1, 052, 865. 80
709, 396. 00
06, 969. 58
1, 486, 329. 00
35, 419. 55
16, 825.44
3, 185, 693. 34
1, 370, 831. 00
180. 000. 00
1, 360, 773, 50
39,810.41
$89. 802, 784. 01
27, 317,250.00
320, 000. 00
221, 050. 00
4,684,393.28
9, 186,0)7.18
1,094,910.87
174, 964. 53
2, 173,304.04
577, 029. 99
1,006, 824.62
705, 560. 36
59, 304. 32
1, 160, 929. 00
50,481.97
16,298.14
3, 063, 864. 64
1, 197, 636. 00
175, 000. 00
1, 223, 066. 00
57,528.80
$91,900,537.80
25, 899, 250. 00
320, '000. 00
188, 950. 00
4, 394, 989. 05
8, 009, 322. 16
941, 484. 39
239, 452. 00
2, 189. 762. 45
236, 848. 83
1, 004, 957. 30
763, 574. 49
66, 445. 76
1, 339, 270. 00
40, 736.37
6, 061. 40
3, 120, 546. 69
1,301,263. 00
185, 000. 00
1, 163, 136. 00
34, 525. 00
$91,379, 755. 60
24, 404,250. 00
300, 000. 00
136, 100.00
4, 373, 494. 71
6,611,982.37
1, 201, 728. 52
169, 113. 53
2, 233,010. 87
356, 581. 52
1, 007,891.86
672, 608. 33
72, 593. 19
1, 006, 893. 00
43, 539. 33
1, 507. 00
3, 022, 099. 84
1, 201, 142. 00
190, 000. 00
1, 092, 531. 00
12, 596. 00
$91, 685, 952. 03
24, 064, 250. 00
300, 000. 00
180, 450. 00
4, 405, 426. 40
8, 764, 060. 86
952, 151. 53
208. 443. 13
2, 235, 153. 65
266, 198. 31
1, 037, 096. 11
894, 714. 29
70, 652. 56
1, 215, 864. 00
41,616. 11
3, 047, 952. 85
1, 221,311.00
195, 000. 00
1, 078, 461. 45
68, 201. 99
146,464,403.14
14-4, 388, 197. 75
143, 352, 112. 69
139, 489, 478. 67
141, 882, 956. 27
CITY OF BOSTON.
54 banks.
54 banks.
54 banks.
54 bank 8.
54 banks. .
Loans and discounts
Bonds for circulat ion
Bonds for deposits . .
U. S. bonds on baud . .
< Ither stocks and b ds
Due from res Yeag’ t s
Due from nat’l banks
Duo from State bunks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear’ g-house exch’gs
Bills of other banks. .
Uncur’t&miuor coins
Trade dollars
$125, 688, 037. 76
14, 826, 650. 00
275, 000. 00
24, 400. 00
3, 039, 101. 47
11, 319, 756. 32
10, 775, 408. 57
541, 560. 24
2, 807, 686. 20
706, 623. 94
295, 702. 83
448, 070. 69
7,340, 877. 13
1, 947, 045. 00
11, 378. 32
405. 00
9, 869, 367. 39
3, 026, 330. 00
365, 000. 00
653, 953. 15
74, 359. 22
$129, 723, 753. 35
12, 751, 650. 00
530, 000. 00
76, 700. 00
3, 365, 554. tt
12,171, 284.30
8, 861, 981. 28
129, 195. 62
2, 875, 396. 40
1, 138, 941. 97
410, 136. 89
381, 713. 89
9, 055, 781. 22
1, 168, 818. 00
16, 278. 04
498. 00
10, 594. 860. 62
2, 045, 842. 00
475, 000. 00
552, 261. 75
104, 660. 00
$127, 804, 391. 26
11. 314, 650. 00
730, 000. 00
57, 800. 00
3, 159, 000. 62
14, 398, 329. 56
11, 315 440. 22
715, 060. 73
2,914, 482.81
207, 600. 65
428, 367. 79
511, 381.67
12, 206, 292. 15
1, 462, 937. 00
13, 515. 19
$123, 316, 945. 24
9, 958, 150. 00
1, 255, 000. 00
86, 900. 00
3, 012, 895. 52
10, 534, 835. 56
10, 208,044.44
464, 494. 83
2, 922, 555. 01
664, 845. 88
693, 347. 93
485, 490. 23
10, 742, 667. 69
971,866.00
13, 318. 78
$124, 083, 033. 53
9, 908, 150. 00
1,535,000.00
38, 250. 00
2, 057, 201. 50
12, 923, 926. 40
10, 164, 069. 35
500,171.67
2, 924, 685. 92
42, 568. 85
681, 945. 60
398, 207. 72
8, 039, 147. 87
1, 387, 176. 00
14, 927. 12
Specie ....
Legal-tender notes . .
U. S. cert’s of deposit
H % fund with Treas
Due from U. S. Treas
Total
11,891,720.79
2, 637, 947. 00
25, 000. 00
505, 397. 25
50, 887. 50
9, 300, 409. 27
2, 049, 027. 00
175, 000. 00
439, 405. 75
37,601.00
9, 996, 676. 28
2, 204, 262. 00
195, 000. 00
445, 831.75
48, 780. 00
194, 030, 719. 21
196, 430, 307. 77
202, 350, 202. 19
187, 332, 800. 13
188, 159, 071. 56
RHODE ISLAND.
61 banks.
61 banks.
61 banks.
61 banks.
61 banks.
Loans and discounts.
Bonds for circulation.
Bonds for deposits. ..
U. S. bonds on hand . .
Other stocks and b’ds
Due from res’ ve ag’ts
Due from nat'lbanks
Duo from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear’ g-house exch’gs
Bills of other banks. .
Uncur’t&ininor coins
Trade dollars
Specie
Legal-tender notes ..
17. S. cert's of deposit .
H% fund with Treas.
Duo from U. S. Treas
Total
$33, 149, 447. 06
8,515, 150. 00
150, 000. 00
236, 200. 00
1, 288, 308. 10
1, 987, 622. 52
599, 885. 67
95, 624. 96
009, 609. 62
127. 642. 57
365, 062. 02
208, 882. 99
287, 074. 13
491,021.00
10, 815. 90
708. 00
001.027.57
579, 499. 00
$33, 501, 439. 37
6, 675, 400. 00
150, 000. 00
150, 800.00
1,320,946. 39
2,411,839. 86
857, 368. 53
30, 715.72
625, 205. 26
98, 426. 58
389, 841. 74
185, 659. 85
450, 850. 21
323. 117. 00
14, 320. 38
302. 00
682, 503. 17
478. 179. 00
$35, 307, 344. 04
5,818,400.00
150, 000. 00
128, 650. 00
1. 331,100.70
2, 303, 312. 27
737, 749.81
76, 507. 76
624, 049. 96
105,391. 67
417, 486. 54
174,131.88
331,523. 91
345. 211. 00
13,915. 48
510.00
687, 863. 23
558. 958. 00
$34, 633, 821. 36
5, 183, 900. 00
150, 000. 00
84. 250. 00
1,371.004.91
2,017, 140.01
1,012,102. 64
50, 247. 25
024, 486. 38
76, 599. 17
409, 090. 65
229, 351. 58
312, 120. 33
296, 131.00
12,466.51
216. 00
687, 798. 15
583, 503. 00
$34, 521, 408. 47
5, 183, 900. 00
150, 000.00
136, 700. 00
1,380,601.01
2,283,583.61
807, 982. 49
51, 639. 94
635, 976. 51
100, 159.89
417, 933. 89
190, 103. 78
357, 095. 86
270, 421. 00
9, 932. 47
1.00
675, 491. 52
610, 347. 00
361,317.38
17, 155. 00
296,013.00
28, 186. 25
262, 363. 00
7, 257. 50
228, 165. 50
21, 132. 50
229, 345. 50
10, 352. 50
49,803, 343.49
48, 731,114.31
49, 391, 732. 75
47, 983, 542. 97
47, 923, 276.44
323
REPORT OF THE COMPTROLLER OF
the
CURRENCY.
by States and reserve cities — Continued.
MASSACHUSETTS.
Liabilities.
DECEMBER 28. | MARCH 4.
MAY 13. | AUGUST 1.
OCTOBER 5.
197 banks.
197 bauks.
198 banks. 198 banks.
198 banks.
Capital stock
Surplus fund
Undivided profits
Nat’l-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits. . .
U. S. deposits
Dep’ts U.S.dis.officers
Due to national banks
Due to State banks . .
Notes re-discounted . .
Bills payable
Total
$45, 240, 500. 00
13, 757,100.49
5, 022, 750. 88
27, 179, 800. 00
$45, 110, 500. 00
13, 996, 065. 43
5,296,731.41
24, 288, 906. 00
$45, 065, 500. 00
11,156,123. 09
4, 348, 837. 67
23, 123, 906. 00
$44, 690, 500. 00
14. 187, 383. 48
4, 911, 521. 96
21, 785, 854. 00
$44, 790, 500. 00
14, 226, 514. 11
4, 170, 526. 94
21, 459, 692. 00
107, 723. 18
52, 409, 610. 95
268, 467. 43
19, 0G9. 65
1, 848, 039. 86
222, 030. 79
379, 369. 97
10, 009.00
99, 599. 73
52, 896, 301. 86
259, 537. 29
31, 576. 57
1, 980, 638. 02
232, 486. 01
185, 855. 43
10, 000. 00
181, 347. 13
53, 413, 309. 88
258, 600. 21
38, 909. 79
2, 334, 730. 16
199, 312. 71
221, 386. 05
10, 000. 00
ISO, 025. 05
51, 674, 748. 47
250, 702. 89
21/896. 23
1, 384, 743. 14
252,191.54
139, 911. 91
10, 000.00
533, 791. 53
53, 872, 217.39
270,216.52
2, 615. 73
2, 031, 262. 84
231, 545. 03
258, 610. 23
35, 463. 95
146, 464, 403. 14
144, 388, 197. 75
143, 352,112. 09
139, 489, 478. 67
141, 882, 956. 27
CITY OF BOSTON.
54 banks.
54 banks.
54 banks.
54 banks.
54 banks.
Capital stock
Surplus fund
Undivided profits
Nat’l-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits. .
U. S. deposits
Dep'ts U.S.dis.officers
Due to national banks
Due to State banks. . .
$50, 950, 000. 00
11,816, 205.23
4, 675, 846. 15
13, 252, 945. 00
$50, 950, 000. 00
11, 820, 705. 23
5,974,277.42
11,347,210. 00
$50, 950, 000. 00
12, 377, 607. 29
3, 868, 704. 45
10, 038, 910. 00
$50, 950, 000. 00
12, 377, 607. 29
5, 303, 708. 18
8, 923, 375. 00
$50, 950, 000. 00
12, 592, 035. 50
3, 549, 120. 00
8, 854, 500. 00
44, 580. 29
75.815,177. 79
100, 479. 71
36, 840. 79
29, 064, 889. 50
8, 159, 754. 75
31, 628. 29
77, 551, 8G0. 06
283, 447. 51
54, 596. 58
30, 103, 652. 92
8, 312, 929. 76
63, 726. 67
88, 391, 171. 34
589, 570. 29
30, 444. 62
27, 391, 769. 59
8, 498, 797. 94
43, 428. 87
73, 904, 586. 59
1, 024, 948. 75
49, 936. 64
26, 237, 461. 62
8, 312, 447. 19
364, 648. 7o
74, 255, 437. 80
1, 440, 298. 60
45, 044. 28
28, 087, 958. 10
8, 010, 527. 98
Bills payable
Total
90, 000. 00
149, 500. 00
205, 300. 00
9, 500. 00
194,036,719. 21
196, 430, 307. 77
202, 350, 202. 19
187, 332, 800. 13
188, 159, 071. 56
RHODE ISLAND.
61 banks.
61 bauks.
61 banks.
61 banks.
61 banks.
$20, 340, 050. 00
$20, 340, 050. 00
$20, 340, 050. 00
$20 340 050.00
$20 340 p50. 00
Surplus fund
4, 119, 905. 71
4, 146, 705. 24
4, 188, 265. 39
4,221,736. 60
4, 243, 887. 72
Undivided profits
1, 964, 033. 89
1, 735, 430. 86
1, 858, 773. 90
1,749, 726.46
1,887,273.13
Nat’l-bank circulation
7, 612, 193. 00
5, 946, 398. 00
5, 278, 738. 00
4, 641, 643. 00
4, 642, 913. 00
State-bank circulation
884. 00
884. 00
884. 00
884. 00
890. 00
Dividends unpaid
73, 812. 34
99, 657. 01
99, 009.49
126, 400. M
145, 621. 11
Individual deposits ..
13, 100, 614. 06*
13,542, 264.40
14, 547, 315. 78
13, 939, 686. 52
13, 918, 046. 52
U. S. deposits
62, 0.-9. 66
49, 156. 26
96,610.52
63, 054. 80
70, 265. 35
Dep’ts U .S.dis.oilicers
55, 113. 72
74, 224. 59
24, 379. 02
42, 847. 41
52, 053. 74
Due to national banks
1, 583, 638. 95
1, 679, 137. 21
1, 690, 243. 20
1, 500, 415. 98
1, 582, 004. 28
Due to State banks. .
891, 008. 16
1, 117, 206. 68
1, 260, 873. 45
1, 357, 097. 60
1,040,271.59
Notes re-discounted . .
Bills payable
Total
49, 803, 343. 49
48, 731, 114. 31
49, 391, 732. 75
47, 983, 542. 97
47,923,276.44
324 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 1886, arranged
CONNECTICUT.
Resources.
Loans and discounts
Bonds for circulation
Bonds for deposits .
IT. S. bonds on hand .
Other stocks and b’ds
Due fromres’ve ag’ts
Due from nat’l banks
Due from State banks
Real estate, etc
Current expenses. .
Premiums paid
Cash items
Clear’ g-bouse exch’gs
Bills of other banks. .
Uucur’t&minor coins
Trade dollars
Specie
Legal-tender notes . .
B. S. cert’s of deposit.
5 % fund with Treas.
L)uo fromU. S. Treas.
Total 75,610,141.68
DECEMBER 28.
MARCH 4.
84 banks.
84 banks.
$43, 642,
12, 417,
360,
264,
3, 439,
5, 291,
2,511,
293,
1,456,
292,
814,
355,
247,
813,
13,
33,
1, 888,
892,
662. 92
100. 00
000. 00
350. 00
169. 84
039. 74
025. 97
242. 88
850. 62
348. 90
717. 55
015.25
565. 50
196. 00
884. 08
605. 51
290. 87
841.00
552, 932. 25
30, 299, 80
$43, 689,
11, 224,
386,
225,
3, 337,
5, 624,
1, 902,
231,
1,164,
167,
814,
381,
240,
643,
20,
31,
1, 857,
788,
838. 64
100. 00
000. 00
150. 00
257. 52
758. 80
529. 87
101.23
096. 60
081.32
624. 83
205. 23
435. 54
416. 00
139. 22
275. 57
703. 00
381. 00
484. 732. 25
24, 246. 00
73, 538, 132. 62
MAY 13.
84 banks.
$44,213,
10,583,
546,
174,
3, 328,
5, 635,
2, 683,
297,
1,476,
240,
827,
362,
282,
87 ih
19,
8,
1, 793,
881,
092, 14
600. 00
000. 00
650. 00
957. 33
873. 08
171.82
625. 03
113. 34
811.20
351.41
810.51
481. 77
169. 00
492. 80
774. 27
147.02
390. 00
453, 194. 75
25, 893. 37
74, 707, 599. 44
AUGUST 1.
83 banks.
$44, 067,
9, 831,
611,
150,
3, 4()5,
3, 740,
2, 829,
251,
1, 479,
117,
777,
463,
398,
737,
18,
5,
1,793,
770,
483. 33
100. 00
000. 00
750. 00
016. 54
145.45
832. 66
167. 21
040. 21
605. 88
854. 49
306. 78
198. 41
309. 00
280. 78
130, 00
935. 57
081. 00
417, 568. 55
14, 120. 50
71, 878, 986. 36
OCTOBER 5.
83 banks.
$43, 114,
9, 716,
636,
105,
3, 297,
4, 551,
1, 985,
254,
1,461,
209,
703,
441.
268,
603,
17,
1, 748.
691,
000. 64
100. 00
000. 00
750. 00
401. 05
553. 96
439. 91
436. 65
700. 01
508. 47
630. 69
289. 88
299. 64
100. 00
045. 97
161.00
294 62
103. 00
412, 979. 16
18, 040. 55
70, 295, 835. 20
NEW YORK.
268 banks.
268 banks.
270 banks.
270 banks.
269 banks.
Loans and discounts
$95, 505, 736. 85
$96,
117,424.20
$98, 198,422. 69
$98, 031, 328. 24
$99, 198,
788. 59
Bonds for circulation
21, 913, 700. 00
21,
258, 700. 00
20, 529, 920. 00
19 481, 050. 00
19,468,
550. 00
Bonds for deposits . .
952, 000. 00
992, 000. 00
1, 048, 000. 00
1, 127, 000. 00
1, 127,
000, 00
U. S. bonds on hand
1,121,050.00
1,
114, 450. 00
999, 700. 00
900, 450. (10
880,
650. 00
Other stocks and li ds
8, 368, 766. 40
8,
358, 253. 89
8, 371, 880. 20
8,462,031.68
8, 599,
195.12
Due from res’veag’ts.
13, 195, 193. 23
13,
885, 506. 30
13, 855. 395. 89
11,731,896. 94
12, 941,
822. 68
Due from nat’l banks
2, 650, 931 . 23
2,
025,109.31
2, 859, 614. 24
2,658,424.20
2, 408,
729. 26
Due from State banks
711, 259. 02
853, 543. 57
736, 232. 01
596, 892. 60
680,
157. 53
Real estate, etc
3, 385, 895. 09
376, 276. 85
3, 388, 812. 71
3, 372, 209. 87
3, 370,
287. 19
Current expenses
712, 683. 61
442,449. 16
561,011.53
233, 629. 86
509,
200. 02
Premiums paid
1,419, 378. 78
1,
362, 626. 06
1, 406, 445. 50
1, 340, 383. 60
1, 313,
616. 24
Cash items
1, 727, 303. 98
1,
392, 250. 27
1,618,484. 24
3,318,414.78
1, 728,
977. 40
Clear'g-house exch’gs
31, 104.53
37, 654. 57
45. 361. 05
57, 764. 31
47,
829. 99
Bills of other banks . .
1, 443, 109. 00
1,
310, 695. 00
1, 517, 564. 00
1, 081, 779. 00
1, 237,
440.00
Uncur’t&minorcoins
33, 434. 64
42, 121. 40
41, 565. 13
35, 053. 16
34
406. 84
Trade dollars
252, 179. 63
245, 202. 75
31,814. 19
14, 323. 02
45. 40
Specie
5, 431, 671. 44
5,
594, 308.21
5, 320, 827. 1 1
5, 225, 481. 70
5, 199,
687. 15
Legal-tender notes . .
3, 041, 742. 00
2,
721, 186. 00
3, 040,865.00
2, 822, 606. 00
2, 953,
729. 00
U. S. cert’s of deposit
5 % fund with Treas.
280, 000. 00
340, 000. 00
320, 000. 00
240, 000. 00
240,
000. 00
972, 779. 81
941,368.20
911,658.07
864, 402. 39
867,
979. 09
Due from U. S. Treas .
32, 983. 38
25, 453. 66
20, 056. 88
18, 931. 40
29,
210.24
Total
163, 182, 963. 22
162,
430, 705. 40
164, 823, 680. 44
161, 614, 052. 75
162, 837,
368. 35
NEW YORK CITY.
45 banks.
45 banks.
46 banks.
46 banks.
47 banks.
Loans and discounts.
$254,206,176. 91
$272, 874, 508. 38
$267, 105, 520. 97
$261,465,671.03
$258, 074, 593. 47
Bonds for ci illation
9, 492, 000. 00
9, 211, 000. 00
9, 751, 000. 00
9, 545, 000. 00
9, 695, 000. 00
Bonds for deposits ..
1, 370, 000. (10
1,405,000. 00
‘2, l it), 000. 00
2, 470, 000. 00
2, 820, 000. 00
U. S. bonds on hand .
2, 619, 050. 00
1, 767, 750. 00
1, 368, 050. 00
1, 182, 900. 00
525, 30(1. 00
Other stocks and b’ds
Due fromres ' vo ag' ts .
Due from nat’l banks
14, 305, 331. 05
16, 703, 783. 63
17, 907, 229. 53
17, 848, 579. 70
16, 492, 593. 25
21,519, 991.12
19, 631,291. 08
25, 573, 968. 33
23, 420, 700. 70
22, 300, 733. 46
1 )uo from State banks
2, 777, 845. 54
10, 374, 168. 90
2,221,748. 14
2, 346, 726. 77
1, 905, 570. 65
2, 611,215.76
Real estate, etc
10,145, 921.94
10, 157,565.28
10, 348, 935.64
10,484,819.03
Current expenses
1, 300, 864. 27
612,933.97
984, 623. 99
305,849. 91
1,139, 902.04
Premiums paid
1, 143, 850.28
999,414.68
1 , 425, 950, 23
1,405,932. 35
1,124,837.54
Cash items
1 , 780, 560. 06
1,670,715.59
1,840,357. 07
2, 303, 020. 25
92, 869, 103. 28
1,792,795.14
Clear’g-house oxcli'gs
44,769,948.56
58, 822, 085. 28
55, 991, 869. 1 1
60,514,349. 13
Bills of other banks.
2, 186,488.00
1, 379, 982. 00
1,776, 346. 00
1, 948, 576. 00
1,408. 873. 00
1 1 ncur't&minor coins
Trade dollars
Specie
20,857. JO
212 054.05
44,213. 62
205, 771. 05
74,878,084.65
44,7r>i.or>
188. <»i)
39, 033. 36
40, 613.48
73,475,913. 07
63, ODSi 494. 17
64, 9911, 456. 59
63, 622, 928. 9 1
I.egal-tender notes
12, 437, 729. 00
12,979, 934. 00
17, 243, 850. 00
15, 845, 149. 00
14, 464,861.00
I i. S. cert’s of deposit
5 % fund with Treas
1, 065, 000. 00
1, 980, 000. 00
1 , 530, 000. 00
1 , 385, 000. 00
1, 605, 000. 00
413, 640. 00
400, 995. 00
423, 045. 00
413,695. 00
421, 900. (10
Due from U. S. Treas.
311,153.83
1,083, 215.43
386,273. 01
140, 284. 95
280, 598. 09
Total
456, 893, 622. 40
489, 024, 301. 44
481,638, 800. 11
510,005,058. 44
409,420, 973. 33
REPORT OP TItE COMPTROLLER OF THE CURRENCY
325
by States and reserve cities — Continued.
CONNECTICUT.
Liabilities.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
84 banks.
84 banks.
84 banks.
83 banks.
83 banks.
Capital stock
Surplus fund
Undivided profits
Nat’l-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits. .
U. S. deposits
Dep’ts U.S.dis.ollicers
Duo to national banks
Duo to State banks. . .
Notes re-discounted. .
Bills payable
Total
$24, 071, 820. 00
0, 859, 108. 60
2, 572, 000. 40
11,042,494. 00
9, 047. 00
57,375.46
25, 542, 888. 26
300, 440. 28
8,113. 99
3,580,347.41
715,317.32
101, 122. 90
150, 000. 00
$24, 071,820. 00
6, 971,024.71
1,883, 985. 59
9, 967, 078. 00
4, 785. 00
65,488.70
26,470,056.44
290, 814. 58
4, 495. 65
2, 589, 063. 17
470, 915. 12
61,575. 06
75, 000. 00
$24, 081, 820. 00
6, 932, 150. 71
2, 193, 444. 99
9, 432, 506. 00
4, 785. 00
58, 702. 83
26, 062, 276. 06
407,463.91
4, 537. 22
4, 06S, 330.21
790, 298. 42
21, 158. 09
50, 000. 00
$24,049,370. 00
6, 926, 004. 80
1, 655, 627. 15
8, 788, 130. 00
4, 785. 00
88, 214. 79
26, 272, 589. 19
536, 388. 91
11,396.80
2, 202, 331. 55
493, 540. 17
115, 601.94
75, 000. 00
$24, 505, 410. 00
0, 908, 034. 74
1,937, 197.33
8, 698, 693. 00
4, 785. 00
67,148.01
24, 478, 665. 09
526, 964. 12
78,169.18
2, 310, 853.23
503, 462. 15
200, 703. 35
75, 750. 00
75,610, 141.68
73, 538, 132. 62
74, 707, 599. 44
71, 878, 986. 30
70, 295, 835. 20
NEW YORK.
268 banks.
208 banks.
270 banks.
270 banks.
269 banks.
Capital stock
$34, 884, 870. 00
$34, 884, 870. 00
$34, 780,716. 45
$34, 7G3, 956. 00
$34, 724, 260. 00
Surplus fund
9,028,018.99
9, 751,989.53
9, 880, 086. 97
10, 048, 314.14
10,121,879. 68
Undivided profits
7, 101,014. 83
0, 031, 812. 56
0, 710, 477. 07
5, 641, 658. 73
6, 499, 409. 40
Nat’l-bank circulation
19, 577, 736. 00
IS, 925, 550. 00
18, 271, 525. 00
17, 384,168.00
17, 406,488. 00
State-bank circulation
29, 181. 00
24, 193. 00
24,191.00
24, 191. 00
24, 191. 00
Dividends unpaid. ...
87, 002. 54
76, 109. 80
70, 576. 78
141,861.83
78, 541.57
Individual deposits . .
85, 236, 407. 17
87, 163, 368. 18
87, 002, 834. 98
87. 530, 431. 47
87, 269, 212. 02
U. S. deposits
671, 925. 40
770. 234. 1 1
851,807.06
869, 437. 85
903, 172. 96
Dep’ts U.S.clis.officers
110,268.91
79, 935. 00
75,117. 74
189, 575. 98
130, 968. 65
Due to national banks
4, 109, 490. 42
3, 072, 330. 32
5, 050, 8G8. 73
3, 331, 100. 39
3, 613, 199. 74
Due to State banks. . .
1, 259,611. 10
1, 2C9, 951. 61
1,395, 702.44
1, 037, 175. 04
1,151,446.08
Notes re-discounted . .
300, 393. 64
330,141.71
639, 101.00
572, 039. 25
738, 146. 21
Bills payablo
06, 383. 22
50, 207.40
G4, 075. 22
80, 143. 07
176, 453. 04
Total
163, 182,963. 22
162, 436, 705.40
164, 823, 680. 44
161, 614, 052. 75
102, 837, 368. 35
NEW YORK CITY.
45 banks.
45 banks.
46 banks.
46 banks.
47 banks.
Capital stock
$45, 150, 000. 00
$45, 150, 000. 00
$48, 650, 000. 00
$48, 830, 000. 00
$49, 150, 000.00
Surplus fund
20, 779, 409. 69
27, 523, 704. 21
28, 050, 704. 21
29, 585, 762. 28
30, 585, 762. 28
Undivided profits
12, 210, 004. 70
10, 005, 438. 77
11, 210, 869. 02
9, 103, 573. 97
10, 091,007. 05
Nat’l-bank circulation
7, 949, 812. 00
7, 678, 532, 00
8, 327, 412. 00
8, 151, 352. 00
8, 295, 502. 00
State-bank circulation
31, 172. 00
31, 171.00
24, 365. 00
24, 305. 00
24, 365. 00
Dividends unpaid
291, 205. 30
228, 883. 70
172, 852. 06
255, 570. 59
196, 005. 44
Individual deposits . .
220, 820, 901. 92
237,112,207.80
236, 554, 285. 73
264,693, 380.91
228, 221, 855. 09
U. S. deposits
758,150.54
930, 009. 55
1, 202, 604. 45
1, 786, 256. 96
2, 344,591.20
Dept’s U. S.dis. officers
201,554. 03
184, 538. 17
199, 532. 43
218, 322. 26
240, 096. 59
Due to national banks
101, 009, 006. 59
120, 093, 404. 49
110, 302, 328. 22
110, 217,532. 49
103, 538, 530. 81
Due to State banks. .
34, 532, 285. 57
39,480,411.69
36, 943, 855. 99
37, 058, 935. 98
36, G33, 197. 27
Notes re-discounted..
100, 000. 00
Bills payable
•
Total
456,393,022.40
489,024,301.44
. 481, 638, 809. 11
510, 005, 058. 44
469, 420, 973. 33
326
REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 1S8G, ar ranyed
CITY OF ALBANY.
Resources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
6 banks.
6 banks.
6 banks.
6 banks.
6 banks.
Loans and discounts.
Bonds for circulation .
Bonds for deposits . . .
U. S. bonds on hand. .
Other stocks and b’ds
DuefromresVeag’ts
Due from nat’lbanks
Due from State banks
Beal estate, etc
$7, 943, 044. 00
1,218, 000.00
100, 000. 00
400.00
551, 133. 37
1, 285, 581. 04
668, 867. 85
133, 136. 90
276, 500. 00
$8, 179, 455. 29
1, 218, 000. 00
150, 000. 00
500. 00
426, 622. 12
1, 299, 385. 78
747, 135. 03
66, 809. 20
276, 500. 00
$8, 568, 676. 93
1, 218, 000. 00
150, 000. 00
$8, 455, 604. 43
1, 148, 000. 00
150,000. 00
$8, 781, 559. 14
1, 148, 000. 00
150, 000. 00
380, 501. 20
1, 471,881. 90
821,105.02
77. 187. 53
279, 651. 34
315, 284. 72
2,080, 541.69
889, 397. 32
51, 275. 15
307, 675. 08
310, 204.22
1,765,140.10
857, 183. 80
60, 473. 74
307, 675. 08
Premiums paid
Cash items
Clear’g-houso exch’gs
Bills of other banks..
Uncur’t&minorcoins
Trade dollars
Specie
Legal-tender notes . .
H. S. cert’s of deposit
5 % fund with Treas.
Du e from IT. S. Treas
Total
157, 047. 25
63, 402. 09
114, 293. 02
132, 828. 00
1,153. 47
600. 00
892, 015. 75
185, 207. 00
200, 000. 00
54, 807. 50
7, 025. 43
158, 114. 75
112, 348.49
162, 075. 20
91,553.00
1, 491. 99
too. 00
920, 777. 50
158, 700. 00
200, 000. 00
54, 807. 50
410. 00
168, 260. 00
72, 406. 93
131,801.84
126, 645. 00
1, 076. 00
480. 00
1,017,920.50
157, 300. 00
150, 000.00
54, 807. 50
8, 874. 00
105, 690. 00
73, 648. 78
214,672.70
67, ,957. 00
1,114.43
577. 00
957, 430. 70
81,296.00
150, 000. 00
50, 897. 50
3, 238. 00
165, 120. 00
74, 541.06
191, 834. 83
92, 608. 00
822. 07
935,191.50
98, 850. 00
200, 000. 00
51, 657. 50
9, 522. 00
13, 985, 042. 67
14, 225, 285. 85
14, 856, 697. 69
15, 164, 300. 50
15, 200, 443. 04
NEW JERSEY.
75 banks.
76 banks.
76 banks.
80 banks.
81 banks.
Loans and discounts
Bonds for circulat ion
Bonds for deposits . .
TJ. S. bonds on hand . .
Other stocks and b’ds
D uo fr< >m res’ voag’ts
Due from nat'lbuuks
Duo from State banks
Real estate, etc
C urreut expenses
Premiums paid
Cash items
Clear’ g-kouseexch’gs
Bills ot other banks . .
Uncur’t& minor coins
Trade dollars
Specie
Legal-tender notes . .
IJ. S. cert’s of deposit.
5 % fund with Treas .
Duo from TJ. S. Treas
Total
$35, 602, 963. 00
7, 030, 850. 00
250, 000. 00
647, 600. 00
4, 013, 271. 25
6, 126, 0u3. 49
1,512, 654.40
183,959.54
1, 600,401.32
292, 198. 00
450, 589. 95
779, 248. 10
$30, 342, 255. 60
7, 165, 850. 00
350, 000. 00
465, 200. 00
3, 952, 505. 00
6, 509, 493. 21
1, S68, 559. 81
206, 834.97
1,613,845. 82
163, 313. 33
443, 582. 84
717, 262. 26
$37, 587,912. 94
6, 750, 350. 00
350, 000. 00
275, 100. 00
4, 117, 488. 24
6, 864,086.19
1, 682, 395. 14
318, 612. 63
1, 583, 831. 08
210, 267. 20
437,410. 70
688, 891. 79
$38, 503, 595. C5
6, 849, 600. 00
450, 000. 00
177, 800. 00
4, 383, 321. 30
6, 214, 489. 43
1, 420, 247. 39
237, 852. 90
1, 046, 179. 35
123, 115. 75
546, 038. 15
1, 237, 972. 72
$40, 407, 838 08
6, 874, 600. 00
500, 000. 00
182, 050. 00
4, 328, 180. 96
6, 092, 858. 93
1,404,541.02
216, 652. 31
1, 669, 565. 69
170, 271.78
549, 985. 73
761, 439. 36
566, 756. 00
20, 403.39
82, 193. 98
2, 062, 785. 49
1,744, 489. 00
10, 000. 00
337, 683. 00
19, 617. 00
434, 208. 00
22, 758. 20
82, 979. 53
1,870,431.96
1, 712, 592. 00
10,000. 00
319, 595. 00
9, 827. 00
471,251.00
20, 348. 79
11,652. 00
1, 846, 549. 92
1, 908, 368. 00
10, 000. 00
298, 485. 00
20, 202. 00
499, 088. 00
21, 543. 94
5,615. 00
1, 762, 777. 37
1, 678, 504. 00
10, 000. 00
303, 005. 00
12, 212. 00
497, 674. 00
17, 091. 38
4. 00
1, 852, 443. 99
1, 807, 669. 00
10, 000. 00
305, 660. 95
6, 062. 00
03, 939, 666. 97
63, 821, 094. 53
05, 453, 232. 02
66, 083, 017. 35
67, 714, 589. 78
PENNSYLVANIA.
232 banks.
232 banks.
234 banks.
236 banks.
237 banks.
Loans and discounts.
Bonds for circulation
Bonds for deposits . .
IT. S. bonds on hand . .
Other stocks and b’ds
Due from res’ voag’ts
Due from nat’lbanks
Due from State banks
Real estate, etc
Current expenses —
Premiums paid
Cash items
$74,187,601.11
18, 726, 300. 00
480, 000. 00
560, 800. 00
9, 422, 295. 78
11, 528,604284
2, 896, 034. 01
1,282, 6S6.77
3, 608, 527. 30
800, 734. 92
1, 376, 058. 20
791,544. 84
$74, 702, 183. 80
10, 931 , 050. 00
480, 000. 00
633, 650. 00
9, 433, 336. 82
13, 054, 572. 80
2, 244, 405. 34
1,092,749.81
3, 670, 093. 53
545, 820. 73
1, 368, 287. 89
810, 142. 34
$77,481,606.21
16, 242, 800. 00
480, 000. 00
655, 800. 00
9, 674, 185.20
13, 440, 992. 25
8,807,405.88
1,387, 851.60
3, 698, 928. 22
378, 286. 33
1,425, 121.76
794, 089. 01
$77, 984, 378. 04
15, 452, 800. 00
480, 000. 00
495, 950. 00
9, 792, 622. 99
12,280,021.93
3, 132, 009. 29
1,342, 927. 00
3, 739, 525. 26
288, 777. 86
1,416, 948.71
799, 418. 86
$80,471,568. 05
15, 198, 800. 00
480, 000. 00
490, 250. 00
9, 829, 900. 88
12, 335, 758. 74
2,358, 841.61
962,961.74
3, 768, 389. 17
531.454.50
1,383, 775). 37
905, 835. 73
Clear’g-liouse exch’gs
Bills of other banks. .
T 'ncur’t& minor coins
1, 247, 970. 00
38, 042. 27
653, 676. 16
5,011,818.11
2, 767, 928. 00
10, 000. 00
821,090.38
45, 998. 68
1, 005, 343. 00
53,487. 79
672, 316. 81
4, 613,850. 54
2, 588, 699. 00
10,000.09
751, 545. 40
, 43, 445. 26
1, 106, 587. 00
49,188. 11
66,876. 15
4, 846. 730. 87
2, 889, 804. 00
10, 000. 00
704,441.50
38, 559. 27
1,030, 202. 00
46,269.08
20,080. 13
4, 722,217. 43
2, 819, 571. 00
10, 000. 00
676,044.12
28, 501. 36
1, 106, 988. 00
45, 783. 38
5. 00
4, 774, 820. 34
2, 927, 227. 00
10, 000. 00
671, 127.40
51,071.09
Specie
Legal-tender notes . .
U. S. cert’s of deposit.
!i % fund with Treas.
Due front U. S. Treas
Total
135, 847, 723. 37
134, 650, 086. 36
138, 077, 700. 00
130, 552, 900. 50
138, 304, 502. 06
REPORT OF THE COMPTROLLER OF THE CURRENCY. 327
by Staten and reserve cities — Continued.
CITY OF ALBANY.
Liabilities.
DECEMBER 28.
MAltCH 4. | MAY 13.
AUGUST 1.
6 banks.
OCTOBER 5.
6 banks.
6 banks. | 6 banks.
0 banks.
$1. 750, 000. 00
1, 237, 000. 00
258, 706. 29
1,077,330 00
$1, 750, 000. 00
1, 240, 000. 00
206, 507. 75
1, 083, 120. 00
$1,750, 000. 00
1,240, 000. 00
227, 876. 68
1,084,180. 00
$1, 750, 000. 00
1, 243, 000. 00
228, 992. 92
1,021,380. 00
$1, 750, 000. 00
1, 243, 000. 00
259, 858. 02
1, 016, 400. 00
Undivided profits
Nat’l-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits . .
18, 647. 20
G, 077, 294. 33
88, 357. 38
1,642. 62
2, 332, 461. 00
543, 603. 79
12, 050. 85
6, 458, 056. 85
101,427. 40
412. 56
2, 759, 711. 15
583, 993. 29
2, 210. 69
7, 496, 793. 18
130, 000. 00
549. 53
2,319,370.49
605, 717. 12
21,887. 54
8,110,810. 69
141, 544. 66
483. 74
2, 303, 230. 59
342, 970. 36
14, 934. 04
7, 0G2, 421. 07
139, 284. 28
1, 808. 78
2, 365, 219. 13
447, 360. 52
Dep’ts if.S.dis. officers
Due to national banks
Due to State banks. . .
•
Total
13,985,042.67
14, 225, 285. 85
14, 856, 697. 69
15, 164, 300. 50
15, 200, 443. 04
NEW JERSEY.
75 banks.
76 banks.
76 banks.
80 banks.
81 banks.
$12, 373, 350. 00
4, 117, 352. 47
2, 402, 264. 79
6, 777, 047. 00
8, 357. 00
t '
41,261.40
34, 619, 886. 82
212, 331.42
14, 826. 62
2, 995, 405. 20
327, 806. 17
15, 078. 08
34, 700. 00
$12, 444, 500. 00
4, 248, 580. 08
1, 967, 589. 49
6, 311,169. 00
8, 357. 00
76, 045. 63
35, 407, 669. 20
230, 397. 94
30, 885. 45
2, 6G8, 429. 75
387, 470. 99
$12, 478, 070. 00
4, 312, 080. 08
2, 215, 506. 93
5, 925, 839. 00
8, 357. 00
48, 059. 28
36,540,919. 68
309, 116. 82
8, 744. 47
3,113, 308. 93
401,020.46
72, 209. 97
20, 000. 00
$12,805, S90. 00
4,441,767.99
1,908, 379. 89
6, 033, 648. 00
8, 358. 00
124, 546. 05
37,599,018. 63
363, 467. 98
13,816.30
2, 232, 245.46
392,479. 05
$13, 024, 220. 00
4, 501, 267. 99
2, 137, 149. 36
6, 060, 523. 00
8, 358. 00
10G, 025. 06
38,644, 239.13
437, 968. 02
11, 717. 34
2, 253, 927. 29
340, 368. 47
48, 826. 12
140, 000. 00
Undivided profits
Nat'l-bank circulation
State-bankjcirculat ion
Dividends unpaid
Individual deposits. . .
Dep’ts if. S.dis. officers
Duo to national banks
Duo to State banks. .
Ifotes re-discounted . .
40, 000. 00
100, 000. 00
Total
G3, 939, 666. 97
63, 821,094.53
65, 453, 232. 62
G6, 083, 017. 35
67, 714, 589. 78
PENNSYLVANIA.
232 banks.
232 banks.
234 banks.
236 banks.
237 banks.
Capital stock
$33, 082, 840. 00
$33, 103, S40. 00
$33, 414, 630. 00
$33, 650, 340. 00
$33, 551, 140. 00
Surplus fund
10, 714, 276. 73
10, 931,808. 97
11, 107, 2S5. 10
11,418.204.91
11, 480, 946. 46
Undivided profits
3, 740, 499. 49
3, 544,416.23
3, 256, 546. 32
2, 976, 141. 25
3, 957, 379. 87
Nat’l-bank circulation
16, 582, 015. 00
14, 922, 719. 00
14, 284, 635. 00
13, 573, 645. 00
13, 379, 865. 00
State-bank circulation
4, 745. 00
4, 745. 00
4, 745. 00
4, 745. 00
4, 745. 00
Dividends unpaid
180, 396. 70
158, 363. 69
408, 577. 38
231,106. 18
153, 356. 31
Individual deposits. .
66, 854, 270. 61
68, 947, 226. 15
• 70,914,791.79
71, 993, 295. 74
72, 564, 898. 01
U. S. deposits
396, 340. 04
419, 843. 68
436, 649. 03
434, 758. 50
421,682. 05
Dep'ts U.S.dis.officers
30, 743. 90
13, 449.82
9, 046. 17
14, 116. 79
12, 355.67
Due to national banks
3, 621, 379. 09
2, 159, 696. 74
4, 180, 014. 93
1, 749, 648. 23
2, 3GG, 498. 25
Due to State banks. . .
450, 378. 76
326, 936. 73
456, 356. 38
233, 432. 90
273, 082. 08
Notes ro-discounted. .
189, 347. 77
101,550. 07
189, 332.71
248, 041. 78
160, 123. 08
Bills payable
490. 28
15,490. 28
14,490. 28
25, 490. 28
38, 490. 28
Total
135,847, 723. 37
134, 650, 086. 36
138, 677, 701). 09
136, 552, 906. 56
138, 364, 562. 0G
328 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since October 7, 18SG, arranged
CITY OF PHILADELPHIA.
Resources.'
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
40 banks.
41 banks.
41 banks.
43 banks.
43 banks.
Loans and discounts.
Bonds l'or circulation
Bonds for deposits. . .
U. S. bonds on hand. .
Otherstocksand b’ds
Due fromres’vo ag’ts
Due from nat’l banks
Duefrom State banka
Real estate, etc
Current-expenses ...
Premiums paid
Cash items
Clear’g-bouseexch’gs
Bills of other banks. .
TTucur’t&minor coins
Trade dollars
Specie
Legal-tender notes ..
1J. S. cert’s of deposit
5 % fund with Treas.
Due from U. S. Treas.
Total
$79, 457, 036. 82
4, 604, 300. 00
250, 000. 00
71.100. 00
3, 716, 254. 75
5, 618, 646. 98
5, 580, 547. 46
821,890.27
- 3,252,069.81
272, 187.73
336, 404. 24
712,052.81
8, 333, 354. 22
792, 238. 00
34, 434. 75
293, 124. 00
10, 580,134.11
4, 232, 939. 00
1, 330, 000. 00
209, 737. 50
87, 310. 00
$81, 313, 540. 35
4, 094, 300. 00
250, 000. 00
1, 100. 00
3, 861,774.14
7, 922, 438. 69
4, 913, 637. 87
1,013, 963. 54
3, 291, 485. 64
542, 385. 00
333, 836. 44
543, 534. 68
9, 401,233.79
363, 575. 00
34, 156. 96
278, 943. 00
10, 003, 054. 27
3, 625, 923. 00
1,820, 000.00
• 183,883.74
20, 940. 00
$83, 188, 101.55
4, 094, 300. 00
250, 000. 00
1, 100. 00
3, 552, 968. 30
7, 594, 519. 82
6, 783, 252, 00
1,169, 242. 33
3, 356, 325. 05
116, 167.60
322, 833. 05
429, 226. 77
7, 330, 378. 82
600, 037. 00
35, 883. 25
4, 760. 00
9, 886, 897. 75
4, 395, 642. 00
3, 270, 000. 00
184, 183. 74
35, 680. 00
$85, 574, 872. 54
2, 737, 500. 00
250, 000. 00
1, 100. 00
2, 544. 406. 50
7, 185, 654. 77
5, 590, 180. 39
854, 829. 19
3, 389, 597. 09
360, 400. 88
428. 267. 03
728, 118. 69
10, 800, 589. 06
495, 882. 00
47, 809. 88
2. 595. 00
9, 960, 082. 69
3, 659, 154. 00
2, 900, 000. 00
160, 158. 74
42, 071. 00
$83, 440,47b 17
2, 737, 500. 00
250, 000. 00
1, 100. 00
3, 216, 808. 64
8, 173, 712. 07
5, 733, 655. 73
1, 003, 812. 54
3, 389, 096. 30
644, 352. 84
407, 767. 83
609, 925.31
8, 095, 823. 22
477, 872. 00
45, 092. 23
11,558, 935.47
4, 334, 432. 00
1, 230, 000. 00
123, 133. 74
38, 860. 00
130, 649, 362. 45
133,813,706.11
130, 001,559. 21
137, 719, 275. 45
135,512, 351.09
CITY OF PITTSBURGH.
23 banks.
23 banks.
23 banks.
23 banks.
23 banks.
Loans and discounts
Bonds for circulation
Bonds for deposits . .
IT. S. bonds on hand . .
Other stocks and b’ds
Duefromres’veag’ts
Due from nat’l banks .
Due from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear’ g-liouse exck’gs
Bills of other banks. .
TTncur’t&miuor coins
Trade dollars
Specie
Legal-tender notes . .
TL S. cert’s of deposit .
5 % fund with Treas.
Due from U. S. Treas.
Total
$28, 625, 299. 39
5, 060, 500. 00
250, 000. 00
500. 00
421,655. 70
2, 562, 143, 74
976, 394. 49
250, 243. 54
1, 551, 520. 19
137,047.81
99, 236. 75
200, 522. 91
1, 328, 079. 45
472, 943. 00
9, 749. 66
12, 790. 00
2, 497, 486. 67
1, 684, 073. 00
$28,971,811.37
4, 196, 500. 00
300, 000. 00
2, 200. 00
288,160. 52
3, 254, 598. 30
1,441,115. 69
1G8, 808. 09
1, 553,4755. 78
134,617. 89
112, 637. 97
220, 996. 44)
1, 089, 094. 55
437, 057. 00
10, 966. 72
14, 668. 00
2, 731,315. 64
1, 643, 794. 00
$31,720,419. 35
3, 092, 500. to
400, 000. 00
3, 400. 00
377, 571.47
2, 298, 223. 50
1, 126, 506. 24
172, 392. 63
1, 557, 064. 38
124, 314. 05
428, 949. 71
283, 028. 31
1, 098, 291. 80
473, 680. 00
14, 215. 12
3, 934. 00
2, 952, 005. 97
2, 129, 355. 00
$31,910,013. 63
1, 765, 500. 00
400, 000. 00
1,000.00
330, 280. 47
2, 599, 525. 59
1,499,451.07
219,288.49
1, 547, 395. 92
84, 239. 24
126, 390. 86
243, 129. 43
1, 116,385. 30
488, 233. 00
15,515.22
385. 00
3, 070, 903. 22
2, 044, 227. 00
$31,989,826. 00
1, 765, 500. 00
400, 000. 00
5, 400. 00
347, 740. 59
2, 707, 541. 98
1, 094, 335. 46
200, 014. 20
1, 549, 822. 63
151.T91.98
126, 101.97
306, 071. 65
1, 302, 340. 52
448, 975. 00
14,133. 43
21.00
2, 980, 3WT. 21
1, 699, 013. 00
226,902.50
18, 790. 70
184, 162. 50
34, 846. 26
139, 137. 50
4, 033. 26
79, 422. 50
16, 412. 16
79, 422. 50
25, 241. 20
40, 385, 885. 50
46, 791, 167. 37
48, 049, 002. 35
47, 557, 704. 70
47,193,071.38
DELAWARE.
16 banks.
16 banks.
16 banks.
17 banks.
17 banks.
Loans and discounts.
Boudsfor circulation
Ronds for deposits ..
$4, 744, 403. 44
1, 585, 200. 00
50, 000. 00
$4, 685, 929. 24
1,585, 200. 00
50, 000. 00
$4, 677, 160. 93
1, 585, 200. 06
50, 000. 00
$4,913,719. 86
1,586, 700. 00
50, 000. 00
$5, 003, 555. 37
1, 596, 700. 00
50, 000. 00
< Ither stocks and b’ds
Due from res’ veag’ts.
Duefrom nat’l banks.
Due from State banks
Real estato, etc
Current expenses
Premiums paid
Cash items
( llear’g-lwmse exoh’gs
Bills of other banks . .
ITneur’t&minor coins
Trade dollars
Specie -.
Legal-tender notes ..
IT, S. cort’s of deposit.
!i % fund with Treas.
Due from U. S. Treas.
Total
325, 194. 87
903, 405. 38
221, 950. 99
71,086. 81
254, 390. 00
35, 848. 09
139,711.37
70, 019. 22
305, 660. 34
1, 032, 955. 09
131,238. 67
47,719.48
251,388. 06
17,278. 36
J37.7T3. 87
84, 651.18
376, 084. 03
765, 275. 92
201, 200. 32
76, 143. 15
255, 585. 10
26, 291. 0(1
137, 792. 37
74,071.11
269, 057. 75
636, 088. 08
240, 752. 11
39, 758. 43
258, 424. 61
14, 158. 88
137,346. 74
71, 575. 19
200, 502. 75
735, 252. 29
143,648.88
45, 157. 28
261,917.52
28, 114.12
134, 841.74
33, 835. 75
32, 802. 39
82, 322. 00
2, 080. 78
273, G39. 21
140, 253. 00
10,000, 00
71,771.94)
8, 150. 00
103, 268. 00
1,659.97
22, 959. 75
295, 087. 50
123, 593. 00
10, 000. 00
70, 392. 50
0, 179.23
85, 603. 00
2, 721. 19
23, 036. 75
286, 189. 88
117,570.00
10,000. 00
68, 642. 50
5, 750. 00
90, 610. 00
2, 560. 07
6, 269. 00
246, 306. 00
1 13, 260. 00
10,000.00
69, 142. 50
1, 530. 00
127, 740.00
2, H40. 28
2, 936. 00
287, 566. 09
125, 468. 00
10,000.00
71,799. 60
7, 260. 00
9. 038, 010. 24
1 ’
8, 902, 247. 61
8, 704, 494. 70
8, 803, 197. 52
8, 914, 440. 02
REPORT OF THE COMPTROLLER OF THE CURRENCY. 329
by States and reserve cities — Continued.
CITY OF PHILADELPHIA.
Liabilities.
DKCKMBKU 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOISRK 5.
40 banks.
41 banks.
41 banks.
43 banks.
43 banks.
Capital stock
$21,007,110. 00
9, 988, 803. OS
2, 031, 159. 54
4, 106, 179. 00
$21, 558, 000. 00
10, 260,803. 08
2, 339, 665. 28
3, 594, 729. 00
$21, 558, 000. 00
10. 547, 803. 08
1, 553, 852. 07
3, 576, 509. 00
$22, 438, 930. 00
10, 550, 803. 08
2, 050. 074. 66
2, 390, 839. 00
$22, 658, 000. 00
10, 550, 803. 08
2, 764, 033. 20
2, 401, 149. 00
Surplus fund
Undivided profits
Nat’l-bank circulation
State-bank, circulation
Dividends unpaid
Individual deposits . .
61, 958. 71
75, 659. 444. 24
213, 349. 85
42, 223. 66
75, 901, 365. 96
210,795. 79
170,151.71
79, 232, 345. 53
216, 405. 09
60, 240. 80
78,555, 301.78
218,008. 22
42,783.12
78, 195, 378. 68
212,911.90
Dep’ts tf.S.dis.officers
Duo to nat ional banks
Duo to Stato banks. . .
Notes re-discounted . .
14, 230, 534. 97
3, 189, 755. 35
87, 007. 71
14. 000. 00
16, 304, 743. 79
3, 527, 379. 55
15, 720, 396. 35
4, 006, 090. 38
17,514,264.91
3, 920, 752. 94
14, 085, 297. 80
3, 810, 850. 08
35, 144. 17
150, 000. 00
14, 000. 00
14, 000. 00
20. 000. 00
130, G49.302.45
133, 813, 700. 11
136,601,559.21
137,719, 275.45
135, 512, 351.09
CITY OF PITTSBURGH.
23 banks.
23 banks.
23 banks.
23 banks.
23 banks.
Capital stock
$10, 180, 000. 00
$10, 180, 000. 00
$10, 180, 000. 00
$10, 180, 000. 00
$10, 180, 000. 00
Surplus fund
3,911,508.20
4, 066, 476. 32
988, 090. 92
4,108,885.14
4, 334, 877. 29
4, 334, 877. 29
Undivided profits
1, 117, 544.39
1, 008, 737. 20
912, 532. 18
1,209,617. 87
Nat’l-bank circulation
4, 517, 805. 00
3, 036, 405. 00
2, 757, 300. 00
1, 572, 440. 00
1, 569, 260. 00
Dividends unpaid
81, ICO. 00
81, 910. 50
125, 874. 75
103, 160. 00
88, 96J. 00
Individual deposits..
21,826, 772. 48
22, 580, 517. 52
24, 588, 561. 56
24, 741,119.56
24, 478, 664. 65
U. S. deposits
Dep’ts U.S.dis. officers
206, 700. 93
184, 235. 63
329, 991. 02
217, 776. 59
154, 037. 35
49, 169. 10
109,847. 43
63, 084. 35
176, 891. 69
233, 079. 45
Due to national banks
2, 928, 295. 74
3,152, 233. 75
3, 035, 833. 76
3, 175, 834. 35
3, 030, 922. 0G
Due to State banks. . .
1, 526, 929. 72
1, 780, 217. 40
1,817, 793. 27
2, 133, 073. 04
1, 857, 243. 71
Notes re-discounted..
30, 000. 00
15, 232. 90
22, 941. 24
52, 000. 00
Bills payable
10, 000. 00
10, 000. 00
10, 000. 00
10, 000. 00
5, 000. 00
Total
46, 385, 885. 56
46, 791, 167. 37
48,019, 002. 35
47, 557, 704. 70
47, 193,671.38
DELAWARE.
16 banks.
16 banks.
16 banks.
17 banks.
17 banks.
Capital stock
$2, 033, 985. 00
$2, 033. 985. 00
$2, 033, 985. 00
$2, 071, 985. 00
$2, 083, 985. 00
Surplus fund
Undivided profits
753, 500. 00
207, 809. 52
771,250. 00
192, 066. 28
771,250. 00
228, 025. 51
798, 350. 00
166, 912. 35
799, 350. 00
237, 853. 97
Nat’l-bank circulation
State-bank circulation
1, 402, 390. 00
• 604.00
1.412, 490. 00
004. 00
1,408,150 00
594. 00
1, 424, 590. 00
594. 00
1 415.8G0.00
594. 00
Dividends unpaid. ..
6, 683. 64
10, 155. 14
7, 378.11
13, 05G. 26
7, 938. 59
Individual depoait9 . .
4, 008, 872. 45
48, 881.69
3, 925. 74
4, 168, 488. 72
29, 695. 78
3, 845. 83
3, 774, 735. 58
39, 728. 90
3, 239. 47
4, 033, 176. 77
39, 062. 04
3, 025. 47
4, 050, 362. 24
37, 854. 91
4, 171.90
Dep'ts U.S.dis.officers
Dno to national banks
42G, 754. 28
293, 095. 90
413, 243. 4G
2G0, 588. 47
258, 310. 61
Duo to Stato banks. . .
15, 403. 92
2, 45G. 05
21, 815. 59
3. 537. 88
11, 658. 80
Notes re-discounted..
9, 800. 00
44, 114.91
62,349. 08
42,319. 28
6, 500. 00
Bills payable
Total
9, 038, 610. 24
8, 962, 247. 61
8. 764, 494. 70
8, 803, 197.52
8, 914, 440. 02
330 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since October 7, 188G, arranged
MARYLAND.
Resources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
30 banks.
30 banks.
30 banks.
30 banks.
31 banks.
Loans and discounts
Bonds for circulation .
$0, 234, 091. 31
1, 960, 500. 00
$6,180, 741.68
1, 826, 500. 00
$6, 599, 783. 25
1, 733, 500. 00
$6, 767, 370. 99
1, 504, 500. 00
80, 000. 00
42,100. 00
825, 750. 65
908, 917. 32
452, 956. 06
34, 335. 75
334, 768. 82
29, 087. 96
117, 150. 56
42, 217. 35
$6, 900, 912. 90 •
1,517,000. 00
80, 000. 00
118, 600. 0 i
820, 570 70
939, 177. 90
455, 436. 26 1
39,730.65
344,810.68
59,846.01
131,430.32 !
60,561.09
U. S. bonds on hand. .
Other stocks and b’ds
Due from res' ve ag’ts
Due from nat'lbanks
Due from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear’ g-liouse exch’gs
Bills of other banks . .
TJ ncnr’t & minor coins
Trade dollars
Specie
Legal-tender notes . .
TJ. S. cert’s of deposit.
5 % fund with Treas
Due from U. S. Treas.
Total
83, 500. 00
594, 502, 78
939, 243. 91
673, 054. 94 ’
74, 232. 28
316, 768.12
59, 779. 23
140,026. 42
34, 066. 14
130, 500. 00
685, 913. 17
859, 616. 03
593, 929. 97
88, 864. 42
323, 453. 17
42, 002. 37
132, 549. 13
38, 890. 79
73, 600. 00
774, 792. 83
674, 717. 06
538, 503. 20
78, 107. 38
325, 572. 08
60, 972. 60
119,622. 56
37, 228. 12
57, 929. 00
3, 341. 82
15, 677. 69
389, 214. 17
310, 096. 00
59, 583. 00
3, 724. 89
16,349.49
422, 963. 44
307, 448. 00
69, 329. 00
4, 177. 73
4, 358. 74
444, 301.01
392, 793. 00
62, 841. 00
2, 901.68
1, 206. 92
420, 618. 15
358, 525. 00
54, 032. 00
3, 474. 75
440, 974. 73
377, 513. 00
81, 045. 31
5, 362. 50
79, 460. 50
11,200.00
73, 644. 50
3, 06u. 00
65, 259. 50
2, 646. 00
61, 567. 69
5, 262. 93
11, 978, 431.62
11,803, 690. 05
12, 008, 063. 06
12, 053, 243. 71
12, 470, 907. 50
CITY OF BALTIMORE.
17 banks.
17 banks.
17 banks.
17 banks.
17 banks.
Loans and discounts
$26, 271, 791.05
$27, 319, 734. 73
$27, 442, 848. 07
$26, 928, 990. 88
$26, 160, 608. 13
Bondsforcirculation
3, 460, 000. 00
2, 960, 000. 00
2, 050, 060. 00
2, 050, 000. 00
2, 050, 000. 00
Bonds for deposits . .
300, 000. 00
400, 000. 00
400, 000. 00
400, 000. 00
400, 000. 00
Other stocks aud b’ds
292, 890. 87
739, 628. 75
913, G92. 09
946, 459. 57
940, 745. 80
Due from res’veag’ts
1,919, 831. 60
1, 652,214. 63
2, 021, 822. 04
1,437, 144.74
2, 075, 849. 23
Due from nat’l ban ks
1, 861, 301. 37
1,317,459.73
1, 251,258.33
1, 295, 743. 34
1,848,175. 95
Duo from State banks
247. 530. 99
161,477. 78
215, 808. 37
177, 846. 68
295, 5G3. 83
Real estate, etc
774, 092. 15
790, 558. 25
790, 472. 08
119, 491.03
773, 903. 39
784, 393. 99
Current expenses. . . .
159, 166.95
98, 428. 70
87, 474. 55
15C, 577. 86
Premiums paid
51,306.31
38, 199. 02
59, 993. 37
63, 478. 13
63, 240. 63
Cash items
70,870. 89
35, 313. 36
41,397.45
36, 258. 95
56, 510. 08
Clear' g-house exch’gs
1, 129,228. 77
2,012, 680. 77
1,100, 431.97
1, 520, 960. 75
1, 192, 507. 42
Bills of other banks . .
402,911.00
253, 100. 00
249, 614. 00
235, 369. 00
248,111.00
Uneur’t& minor coins
8, 033. 03
7, 573. 24
6, 081. 30
9, 803. 81
0, 755. 26
Trade dollars
86, 381. 00
85, 413. 00
66. 00
9. 00
Specie
2, 492, 432. 12
2, 508, 627.07
2,370,917.73
2, 174, 109. 13
2, 130, 100. 33
Legal-tender notes . .
1, 288, 546. 00
1, 155, 273. 00
1, 451, 735. 00
1,093, 125. 00
877,182. 00
U. S. cert’s of deposit
930, 000. 00
1,460, 000.00
1, 030, 000. 00
1, 235, 000. 00
810,000.00
5% fund with Treas.
155, 700. 00
133,200.00
200. 00
92, 250. 00
92, 250. 00
93, 260. 00
Due from U. S. Treas
5, 240. 00
30, 000. 00
2, 200. 00
4, 050. 00
Total
41, 907,314. 10
43, 219, 142. 63
41,706,970. 03
40, 560, 126. 92
40, 216, 621. 51
DISTRICT OF COLUMBIA.
1 bank. | 1 bank.
1 bank.
1 bank.
1 bank.
Loans and discounts
Bondsforcirculation .
$331, 988. 32
250, 000. 00
$311,712.06
250, 000. 00
$337, 1 13.46
250, 000. 00
$323, 531. 94
250, 000. 00
$347, 202. 43
250, 000. 00
*
U. S. bonds on hand. .
Other stocks and b'ds
I)uo from rcs’voag’ts
Due from nat’l banks
Due from State banks
151,200 00
188, 930. 00
90, 204. 49
4, 649. 80
10. 00
20, 000.00
7.50
31,444.68
6, 494. 60
151, 200. 00
188, 930. 00
102, 523. 32
12, 847. 0L
151,200. 00
J 97, 930. 00
123, 856. 57
12,218. 70
1, 106.53
20, 000. 00
4, 547. 49
32,357. 18
5, 237. 34
151, 200. 00
197,930. 00
98, 978. 58
6,151.72
244. 03
20, 000. 00
244. 73
32, 357. 18
10, 980. 00
151,200. 00
192, 930. 00
81, 594. 03
11,373.35
404. 09
21), 000. 00
3, 573. 76
82, 357. 18
0. 736. 00
20, 000. 00
2, 430.34
31,444.68
18, 518. 50
Current expenses —
Premiums paid
Clear’g-bonseexcb'gs
Bills of other banks. .
TJn<mr't& minor coins
5, 398. 00
89. 22
4,450,00
53. 75
1, 560. 00
23. 98
70 00
170, 040. OU
1)0, 378. 00
5, 292. 00
33. 03
3, 040. 00
25. 14
156, 773. 00
56, 300. 00
163, 752. 00
82, 530. 0(1
167, 120. 50
81, 050. 00
168, 658. 75
105, 140. 00
Legal-tender notes . .
5% fund withTreas-
Dtie from U. S. Treas.
Total
11, 250. 00
11, 250.00
11, 250. 00
11, 250. 00
11,250. 00
1,304,739.61
1,351,041. 30
1,408, 889.25
1,350, 364.32
1,385, 491.93
REPORT OF TIIE COMPTROLLER OF TIIE CURRENCY
331
by States and reserve cities — Continued.
MARYLAND.
Liabilities
I)ECKMBF.lt 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOHF.lt 5.
30 banks.
30 banks.
30 banks.
30 banks.
31 banks.
Capita, itock
Surplus fund
Undivided profits
N at'l ban k circulation
Stato-bankcirculation
Dividends unpaid
Individual deposits . .
$2, 771, 700. 00
871,147. 05
339, 120. 41
1, 710, 11C. 00
$2, 746, 700. 00
871,078. 11
282, 785. 92
1, 593, 961.00
$2, 706, 700. 00
871, 183. 59
300, 555. 80
1, 529, 010. 00
$2, 760, 700. 00
901,580. 48
241, ’324. 04
1, 329, 200. 00
$2, 796, 700. 00
901,580.48
312, 757. 99
1, 332, 140. 00
31,118.44
5, 837, 032.13
17, 004. 65
5, 985, 393. 98
17, 880. 12
6, 048, 239. 87
36, 0S6. 74
6, 360, 871. 17
58, 771. 40
28, 613. 61
6, 650, 594. 56
80, 000. 00
Dep’ts tf.S.dis.officers
Due to national banks
Due to State banks. .
Notes re-discounted. .
Bills payablo
Total
319, 915. 11
38, 795. 46
39, 487. 02
20, 000. 00
185, 396. 19
42, 403. 64
53, 966. 56
25, 000. 00
284, 857. 14
43, 305. 68
50, 324. 80
30, 000. 00
JOS, 836.03
35, 400. 08
94, 407. 77
60, 000. 00
257, 957. 57
51,563. 29
19, 000. 00
40, 000. 00
11, 97S, 431. 62
11, 803, 690. 05
12, 008, 003. 06
12, 053, 243. 71
12, 470, 907. 50
CITY OF BALTIMORE.
17 banks. | 17 banks.
17 banks.
17 banks.
17 banks.
Capital stock
Surplus fund
Undivided profits
Nat’l-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits. . .
U. S. deposits
Dep’ts u.S.dis.officers
Due to national banks
Due to State banks . . .
Notes re-discounted..
$11,713, 200. 00
3, 178, 500. 00
1, 664, 569. 29
3, 062, 360. 00
16, 063. 00
40, 830. 13
18, 432, 968. 33
109, 014. 96
45, 594. 58
3, 119, 005. 44
518, 548. 37
$11,713, 260. 00
3, 399, 000. 00
1, 197, 014. 27
2, 601, 190. 00
16, 663. 00
54, 509. 87
19, 694, 641. 95
290, 801. 73
63, 136. 74
3, 642, 754. 13
546, 110.94
$11,713, 260.00
3,419,000. 00
1, 289, 557. 45
1, 796, 540. 00
16, 563. 00
84, 216. 43
19, 282, 554. 90
330, 724. 43
29, 181.25
3, 263, 309. 86
482, 062. 71
$11, 713, 260. 00
3, 544, 400. 00
897, 124. 39
1, 818, 580. 00
16, 543. 00
80, 377. 82
18, 880, 358.71
310, 950. 17
57, 521. 91
2, 792, 019. 99
448, 990. 93
$11, 713, 200. 00
3, 544, 400. 00
1, 157,434.87
1, 822, 900. 00
16, 543. 00
62. 907. 62
18,188,191.39
317,607.88
38. 238. 59
2, 827, 208. 32
527, 809. 84
Bills payablo
Total
41, 907, 314. 10
43, 219, 142. 63
41,706,970. 03
40, 560, 126. 92
40,210, 621.51
DISTRICT OF COLUMBIA.
1 bank.
1 bank.
1 bank. | 1 bank.
1 bank.
Capital stock
Surplus fund *
Undivided profits
Nat’l-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits . .
U. S. deposits
$252, 000. 00
00, 000. 00
47, 395. 17
207, 600. 00
$252, 000. 00
60, 000. 00
56, 190. 63
212, 020. 00
$252, 600. 00
'co, 000. 00
64, 141. 03
208, 860. 00
$252, 000. 00
60, 000. 00
55, 100. 91
199,630. 00
$252, 000. 00
60, 000. 00
63, 238. 97
194, 130. 00
13, 980. 00
708,228. 60
4, 268. 00
757, 114. 98
4, 236. 00
811,190.95
3, 388. 00
776, 275. 47
3, 080. 00
805, 809. 96
Dep’ts if.S.dis.officers
Due to nat ional banks
Due to State banks . . .
Notes re-discountcd. .
15,315.98
219. 80
9,491. 91
556. 14
8, 257. 44
203. 93
9, 562. 06
407. 88
6, 867. 99
365. 01
Bills payable
Total
1,304,739.61
1,351, 641.66
1, 408, 889. 25
1, 356, 364. 32
1,385, 491.93
I
332 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 1886, arranged
CITY OP WASHINGTON.
Resources.
DECEMBER 28.
MARCH 4. MAY 13. AUGUST 1.
OCTOBER 5.
6 banks.
7 banks.
7 banks. j 7 banks.
7 banks.
Loans and discounts.
Bon d s for circulation
Bonds for deposits. . .
IT. S. bonds on band . .
Other stocks and b’ds
Duo from res' ve ag’ts
Duo from uat’l banks
Due from State banks
Real estate, etc
0 urrent expenses
Premiums paid
Cash items
Clear’g-liouse cxch’gs
Bills of other banks . .
TTncur’t&minor coins
Trade dollars
$3, 507, 240. 13
630, 000. 00
100, 000. 00
804, 750. 00
312,219. 18
417, 424,. 72
265, 901. 01
15, 866. 09
420, 532. 42
55, 808. 52
179, 058. 01
258, 310. 16
$3, 570, 623. 98
680, 000. 00
100, 000. 00
847, 050. 00
312, 800. 43
898, 356. 76
451,766. 69
23, 536. 35
454, 653. 72
23, 850. 60
183, 772. 48
220, 992. 28
$3, 937, 926. 51
680, 000. 00
100, 000. 00
861, 450. 00
314, 238. 58
912, 391.72
450, 943. 27
20, 454. 27
454, 891. 13
47, 932. 52
186, 230. 40
235, 457. 59
$4,013,181.35
680, 000. 00
100, 000. 00
866, 000. 00
345, 781. 82
740, 621. 39
434, 645. 41
15, 231. 56
572, 842. 86
11,379.77
182, 500. 85
82, 051. 66
89,166. 60
26, 963. 00
7, 320. 39
$4, 028,111.36
680, 000, 00
100, 000. 00
844, 400. 00
356, 133. 02
649, 036. 53
265, 775. 35
7, 785. 21
587, 592. 50
34, 788. 51
187, 350. 60
84, 132. 23
59,212. 95
27,162. 00
7, 972. 45
39, 179. 00
8, 144. 14
8, 039. 00
819, 203. 00
622, 537. 00
200, 000. 00
24, 734. 50
2, 015. 50
31, 783. 00
8, 048. 28
8, 039. 00
891, 706 25
695, 053. 00
30, 000. 00
24, 703. 50
46. 50
41,506. 00
8, 132. 06
712. 00
1, 015, 156. 75
720, 874. 00
10, 000. 00
24, 970. 00
1, 360. 00
Specie
Legal-tender notes . .
TT. S. cert's of deposit.
5 % fund with Treas.
Due from U. S. Treas
Total
909, 504. 00
718, 955. 00
100, 000. 00
26, 866. 00
34. 00
945,334. 00
587, 596. 00
80, 000. 00
26, 841. 00
59. 00
8, 750, 968. 38
9, 456, 782. 82
10, 024, 626. 80
9, 923, 045. 66
9, 559, 283. 31
VIRGINIA.
25 banks.
25 banks. 1 25 banks.
25 banks.
25 banks.
Loans and discounts
Bonds for circulation .
Bonds for deposits . .
U S. bonds on hand. .
Other stocks and b’ds
Due from res’veag’ts.
Due from nat’lbanks
Due from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
$10, 566, 880. 33
2, 115, 850. 00
650, 000. 00
58, 400 00
567, 240. 62
1, 107, 859. 32
467, 859. 22
280, 037. 81
395, 087. 85
139, 409. 59
257, 974. 35
143, 662.71
15, 531. 14
289, 837. 00
4, 690. 03
8, 521. 00
524, 893. 89
761, 154. 00
$10, 680, 250. 12
1, 465, 000. 00
800, 000. 00
03, 400. 00
750, 748. 04
990, 157. 72
605, 165. 61
230, 319. 91
394, 552. 52
52, 709. 87
320, 721.62
317, 025. 50
$10, 475,483. 93
1, 390, 000. 00
975, 000. 00
18, 400. 00
818, 454. 04
811,802. 10
565, 087. 96
219, 170. 88
394, 541.75
103, 221.70
306, 332. 91
212, 786. 34
$10, 420, 144. S8
1, 352, 500. 00
1, 250, 000. 00
108,700.00
835, 276. 90
1, 024, 452. 22
615,061.89
268, 082. 98
395, 375. 36
29, 736. 09
320,146.18
291,668.80
$10, 825, 495. 50
1, 352, 500. 00
1, 250, 000. 00
9, 200. 00
916, 709. 38
883, 478. 96
710, 047. 65
260, 915. 38
395, 288. 58
76, 650. 48
320,271. 18
228, 455. 53
Clear’ g-houseexch’gs
Bills of other banks. .
Uneur’t&minor coins
167, 983. 00
5, 906. 07
8, 877. 35
538, 749. 02
645, 264. 00
245, 797. 00
5, 545. 61
1, 463. 85
607, 867. 51
759, 935. 00
277, 806. 00
4, 196. 65
350. 00
623, 325. 56
771, 221. 00
236, 836. 00
2, 913. 32
1.20
606, 840. 38
754, 434. 00
Legal-tender notes . .
IT. S. cert's of deposit.
5 % fund with Treas.
Due from U. S. Treas
Total
88, 862. 50
20. 00
00, 424. 06
647. 50
55, 502. 16
747. 50
58, 882. 50
939. 60
59, 745. 00
1,960.57
18, 443, 831. 36
18, 103, 902. 51
17, 967, 140. 24
18, 647, 926. 37
18, 891,803.11
WEST VIRGINIA.
19 banks.
19 banks.
20 banks.
20 banks.
20 banks.
Loans and discounts.
Bonds for circulation.
Bonds for deposits ..
$3,457,531.75
821, 250. 00
$3, 593, 057. 47
•771, 250. 00
$3, 774, 317. 33
780, 250. 00
$3, 851,439.42
780, 250. 00
$4, 018, 987. 40
, 761,250.00
50, 000. 00
44, 500. 00
81,064. 23
364,638.18
242,815. 17
71, 406. 57
230, 782. 01
24,421. 12
63, 795. 03
27, 198. 28
IT. S. bonds on hand . .
Other stocks and b’ds
Due from rcs’veag’ts.
Due from nat’lbanks.
Due from State banks
Real estate, et c
Current expenses
Premiums paid
89, 500. 00
63, 730, 20
373,990. 16
254, 261. 98
58,416. 49
228, 320. 35
56, 989. 83
73, 325. 32
18, 977. 68
89, 500. 00
61, 636. 20
355, 315. 61
221,556.47
57, 438. 38
231, 004. 50
20, 780. 14
73, 792. 00
22, 172. 17
44, 500. 00
74, 630. 20
265, 012. 02
236, 841. 75
57, 473. 65
231,059.44
34, 904. 57
69, 082. 80
20, 595. 65
44, 500. 00
81, 004. 23
284,181.20
228, 963. 84
32, 468. 93
238, 265. 89
10, 924. 67
62, 893. 76
20, 657. 30
Clear g-housooxeh'gs
Bills of other banks. .
Uncur't&miuor coiiiB
Trade dollars
93, 028. 00
1,463.00
7, 540. 73
254, 520. 46
241,870.00
78, 465. 00
1, 739. 44
5, 373. 28
265, 762. 93
220, 892. 00
85, 897. 00
1,719.55
3, 892. 75
278, 439. 99
238, 431. 00
87,201. 00
1, 682. 68
995. 80
279, 495. 12
273, 535. 00
60, 196. 00
1,829. 64
16. 00
275, 962. 36
249, 056. 00
Legal-tender notes ..
rt. S. cert’s of deposit.
•i % fund with Treas.
Due' from U. S. Treas.
Total
80, 630. 25
096. 32
33, 750. 25
1,716. 07
31, 806. 25
450. 07
33, 931.25
304. 82
30, 473. 75
2, 736. 13
6, 132, 057. 52
0, 105, 207.91
6, 238, 318. 92
6, 318, 754. 81
6, 601, 186. 87
REPORT OF THE COMPTROLLER OF THE CURRENCY. 333
by States and reserve cities — Continued.
CITY OF WASHINGTON.
Liabilities.
DECEMBER 28.
MARCH 4.
1
MAY 13.
AUGUST 1.
OCTOBER 5.
6 banks.
7 banks.
7 banks.
7 banks.
7 banks.
Capital stock
Surplus fund
Undivided profits
Nat'lbank circulation
State-bank circulation
Dividends unpaid
Individual deposits . .
U. S. deposits
Dep’ts U.S.dis.officers
Due to national banks
Due to State banks..
$1, 325, 000. 00
383, 000. 00
268, 995. 28
490, 080. 00
$1,450,000. 00
401,500.00
186, 546. 65
489, 510. 00
$1, 532, 300. 00
401, 500. 00
249, 934. 12
533, 720. 00
$1, 575, 000. 00
479, 703. 75
132,118.75
534, 980. 00
$1,575, 000. 00
481,203.75
183, 328. 17
534, 895. 00
994. 50
6, 029, 6:14. 90
46, 746. 96
2, 040. 50
6, 674, 368. 65
52, 014. 91
1, 188. 00
7, 000, 313. 68
91, 075. 01
3, 566. 50
6, 869, 360. 79
54, 865. 75
2, 848. 00
6,465, 834.37
53, 965. 95
151, 542. 98
550, 003. 76
133, 520. 63
42, 281.48
157, 931. 67
31, 664. 32
183, 493. 48
27, 456. 64
160, 432. 17
39, 275. 90
Bills payable
Total
25, 000. 00
25, 000. 00
62, 500. 00
62, 500. 00
8, 750, 968. 38
9, 456, 782. 82
10, 024, 626. 80
9, 923, 045. 66
9, 559, 283. 31
VIRGINIA.
25 banks.
25 banks.
25 banks.
25 banks.
25 banks.
Capital stock
$3, 776, 300. 00
$3, 791, 300. 00
$3, 796, 300. 00
$3, 796, 300. 00
$3, 796, 300. 00
Surplus fund
Undivided profits
1, 237, 779. 75
1, 352, 300. 73
1, 352, 300. 73
1,414,502.45
1,414.892.31
703, 661. 85
445, 945. 60
586, 776. 39
386, 646. 95
487, 539. 50
Nat’lbank circulation
State-bank circulation
Dividends unpaid
1, 862, 860. 00
1,311,900. 00
1, 245, 410. 00
1, 210, 550. 00
1, 204, 380. 00
1,758. 65
3, 705. 65
1, 544. 65
8, 125. 65
3, 781. 05
Individual deposits . .
9, 630, 986. 07
9, 615, 368. 06
8, 959, 617. 31
9, 836, 879 76
9, 786, 470. 26
U. S. deposits
Dep’ts U.S.dis.officers
327, 653. 93
403, 194. 62
604, 757. 52
895, 199. 55
1, 002, 263. 10
110, 695. 27
97, 763. 80
79, 867. 61
103,814. 42
92, 871. 19
Due to national banks
404, 519. 94
401, 090. 14
463, 522. 27
326, 345. 17
462, 255. 00
Dire to State banks. ..
291, 745. 72
383, 027. 75
434, 424. 39
487, 995. 03
410, 631.28
Notes re-discounted..
80,870.18
80, 378. 66
246, 681. 87
136,629. 89
120, 418.82
Bills payable
15, 000. 00
217, 937. 50
195, 937. 50
44, 937. 50
110, 000. 00
Total
18. 443, 831. 36
18, 103, 962. 51
17, 967, 140. 24
18, 647, 926. 37
18,891,803.11
WEST VIRGINIA.
19 banks.
19 banks.
20 banks.
20 banks.
20 banks.
Capital stock
$1,801,000. 00
$1,861,000. 00
$1,911, 000.00
$1,911,000.00
$1, 961, 000. 00
453, 214. 54
163, 327. 55
458, 243. 75
81, 153. 25
457, 093.75
135,766.73
406, 120. 98
77, 110. 01
469, 120. 08
121, 819. 65
Undivided profits
"Nat7 1-bank circulation
State-bank circulation
719, 690. 00
676, 540. 00
688, 605. 00
687, 325. 00
655, 525. 00
Dividends unpaid
12, 729. 00
20, 197. 00
14, 572. 00
23, 992. 00
15, 713. 00
Individual deposits. - .
U. S. deposits
2, 635, 099. 78
2, 776, 556. 77
2, 749, 544. 41
2, 909, 186. 33
3, 079, 587. 22
4, 907. 25
Dep’ts O’. S.dis. officers
Due to national banks
147, 274. 30
117, 368.14
144, 625. 92
119, 502. 37
153, 745. 80
Due to State banks . . .
89, 733. 85
57, 235. 50
", 839. 61
42, 307. 12
73, 238. 97
Notes re-discounted. .
38, 9S8. 50
52, 541. 50
61, 900. 50
51, 122. 00
61, 000. 00
Bills payable
11, 000. 00
1, 372. 00
7, 371. 00
1, 029. 00
5, 529. 00
Total
6, 132, 057. 52
6, 105, 207. 91
6, 238, 318. 92
6, 318, 754. 81
6, 601, 186. 87
334 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 188G, arranged
NORTH CAROLINA
Resources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
17 banks.
17 hanks.
18 banks.
18 banks.
18 banks.
Loans and discounts
Bonds for circulation
Bonds for deposits . .
U. S. bonds on hand . .
Other stocks and b’ds
Duo from res’voag'ts.
Duo from nat'lbanks
Duo from State banks
Real estate, etc
Current expenses
$4, 576, 557. 14
972, 000. 00
100, 000. 00
5, 000. 00
215, 797. 72
' 703, H0S. 24
355, 116. 87
132, 782. 06
277, 125. 83
60, 948. 40
82, 040. 96
61.245.94
$4, 828, 540. 02
929, 500. 00
100, 000. OO
$5, 157,010.33
928, 500. 00
100, 000. 00
$5, 254, 464. 62
928, 500. 00
100, 000. 00
$5, 323, 203. 27
928, 500. 00
100,000.00
27*3, 674. 55
599, 7781 62
356, 463. 36
123,637.90
296, 102. 39
22, 528. 86
76, 924. 34
48, 922. 96
292, 563. 87
374, 014. 37
252, 306. 54
34, 791. 32
297, 477.11
47, 419. 03
78, 877. 47
32, 922. 99
290,935.84
351,891. 18
157, 072. 28
53, 743. 70
307, 496. 50
18, 260. 20
80, 407. 47
15, 838. 81
313, 207. 84
446, 320. 97
219, 268. 80
102, 613.42
299, 496. 90
42, 924.21
83, 657. 47
51, 426. 12
Clear’g-liouse exch’gs
Bills of other banks . .
Uncu r’t&ininor. coins
134. 465. 00
2, 060. 34
330.10
274, 027. 26
287. 199. 00
133, 833. 00
2, 210, 48
214. 50
325, 106. 78
296, 680. 00
125, 111.00
2, 745. 26
40. 00
365, 428. 80
279.216. 00
63, 252. 00
3,017. 93
99. 35
267, 423. 67
192, 236. 00
100, 344. 00
2, 999. 38
93. 65
195,240.38
254, 222. 00
Legal-tender notes . .
TJ. S. cert’s of deposit.
Si % fund with Treas
Due from U. S. Treas
Total
39, 699. 50
662. 99
39, 038. 00
1, 081.79
38, 803. 00
3, 262. 99
40,816.31
2, 162. 99
41, 251. 25
2, 300. 70
8, 280, 367. 35
8, 459, 237. 55
8, 410, 490. 08
8, 127, 618. 85
8, 507, 090. 36
SOUTH CAROLINA.
Loans and discounts.
Bends forcirenlation .
Bonds for deposits . .
U. S. bonds on hand . .
Ot her stocks and b’ds1
Duo from res’voag'ts J
Due from uat’l banks. !
Duo from State banks!
Real estate, etc
Current expenses
Premiums paid
Cash items
( dear' g-house exch 1 gs
Bills of other banks. . I
Unour’t&minor coins
Trade dollars
Specie
Legal-tender notes . .
U. S. cort’s of deposit .
5 % fund with Treas
Duo from TJ. S. Treas .
Total
16 banks.
16 banks.
16 banks.
16 banks.
15 banks.
$3, 898,516. 68
830, 350. 00
300, 000. 00
23,200. 00
596,311.13
1, 579, 543. 38
667, 172. 27
180, 427. 08
188, 180. 18
87, 926.31
56, 296. 70
57, 405. 95
$4, 260, 546. 78
773, 850. 00
300, 000. 00
173, 100. 00
815, 530.40
791,152. 03
733, 749. 44
156, 690. 35
192, 897. 52
39, 859. 04
66, 590. 45
52, 369. 84
$4, 899, 264. 58
712, 350. 00
300, 000. 00
23, 100. 00
691, 699. 59
420, 154. 25
327, 666. 95
110,456.93
192, 855. 02
83, 189. 93
71, 589. 51
28, 397. 57
$5, 068, 293. 54
662, 250. 00
350, 000. 00
23, 100. 00
650, 702. 22
148, 769. 50
144, 378. 40
45, 536. 72
180,016. 91
14,907.40
35, 244. 69
23, 079. 43
$4, 944, 297. 69
624, 750. 00
375. 000. 00
23, 100. 00
754, 170. 94
250, 077. 80
202,614.75
194, 559. 84
188, 580. 29
40, 838. 74
34, 072. 82
66, 169. 37
281. 703. 00
1, 172. 96
25. 00
337, 763. 71
551. 747. 00
142, 401. 00
2, 911. 20
88, 379. 00
3, 546. 33
10. 00
298, 536. 20
313, 368. 00
62, 521. 00
2, 336. 25
10. 00
326, 245. 60
221, 426. 00
106, 579. 00
2, 034. 45
321, 004. 70
341, 556. 00
325, 300. 95
470, 681. 00
36, 385. 75
254. 00
34, 322. 75
12, 200. 00
30, 905. 25
22, 923. 00
28, 915. 25
10, 700. 00
27,513. 25
2, 500. 00
9, 690, 381. 10
9,210,731.50
8,618, 372. 11
8, 004,432.91
8, 632, 840. 89
GEORGIA.
17 banks.
17 banks.
18 banks. 1 19 banks.
21 banks.
Loans and discounts
Bonds forcirenlation
Bonds for deposits. . .
U. S. bonds on hand . .
Other stocks and b’ds
Due from res'voag'ts
Due from uat'l banks
Due from State, banks
Real estate, etc
Current expenses. . .
Premiums paid
Cash items
t /'loar'g-housoexch’gs
Btllsof other banks.
Tlnour’t&minor coins
$5, 871, 065. 96
888, 500. 00
110,000. 00
25, 000. 00
329, 487. 51
1,022, 840. 19
220, 041. 28
191.324. 43
464, 505. 66
119, 589. 12
56, 301 . 53
123, 065. 21
$6, 230, 697. 73
888, 500 00
150,000.00
25, 000. 00
305, 233. 37
807, 721.45
228, 889. 52
184,461.79
456, 022. 72
86, 927. 47
71,407.78
171,396.12
$8,494, 128. 22
913, 500. 00
150, 000. 00
$7, 166,861.20
938, 500. 00
ISO, 000. 00
$7, 789, 358. 14
988, 500. 00
150, 000. 00
200, 321. 32
510, 470. 67
220, 734. 71
152, 687.18
441, 835. 12
74, 804. 37
72, 254. 65
80, 835. 95
245, 818. 17
256, 492. 83
129, 371.34
100, 571.15
464, 498. 65
21, 50H. 00
77, 700. 65
116, 458. 51
256, 933. 61
216,072.40
330, 816. 63
321, 190. 84
465, 889. 64
65, 645. 75
80, 803. 86
180, 705. 00
243, 163. 00
2, 924. 56
234, 641. 00
4, 128. 70
241,066. 00
4,041. 85
176, 814. 00
3, 179. 40
226, 809. 00
4, 081,24
Specie
Legal-tender notes
TT. S. cert’sof deposit
!i % fund with 'Treas
Due from U. S. Treas
464, 729. 86
400, 925. 00
647, 098. 05
844, 320. 00
539, 133. 83
305, 620. 00
506, 387. 58
278, 143.00
547,316. 35
400, 1 16. 00
39. 532. 50
3. 040. 90
38, 692. 50
5, 327. 60
30, 239. 04
10,889.40
40,604.04 1 44,482.50
4,951.60 12,350.20
Total
10, 582, 195. 71
10, 830, 474. 80
10,542, 067.31
10, 677, 958 11 12, 158, 131. 10
REPORT OF THE COMPTROLLER OF THE CURRENCY
335
by States and reserve cities — Continued.
NORTH CAROLINA.
Liabilities.
DECEMBER 28. | MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
17 banks.
17 banks.
18 banks.
18 banks.
18 banks.
Capital stock
$2, 370, 000. 00
505, 805. 40
344, 382. 00
834, 340. 00
$2, 376, 000. 00
532, 548. 83
226, 268. 89
794,850.00
$2, 401, 650. 00
532, 548. 83
296, 836. 63
* 780, 300. 00
$2,412, 280. 00
542, 490. 60
207, 420. 05
788, 510. 00
$2, 412, 280. 00
544,490. 06
271,059.35
795, 710. 00
Undivided protits
Nat ’1-bank circulation
State- bank circulation
Dividends unpaid
Individual deposits. . .
3, 121. 00
3,704,842.42
53, 244.37
. 41, 538. 22
101, 725.71
45, 073. 43
180, 244. 11
4, 091. 00
4,101,380.14
37,715. 39
30, 041. 68
175, 173. 76
40, 570. 78
139, 997. OS
3, 042. 00
3, 875, 648. 15
46, 003. 59
23, 653. 08
150, 147. 39
60, 483. 42
240, 176. 99
6, 908. 50
3, 431, 074. 18
57, 765. 52
16, 879.47
106, 076. 47
50, 096. 33
463, 117.61
45, 000. 00
6, 150. 50
3,537, 066.46
48, 684. 31
26, 492. 16
196, 640. 02
27, 513. 61
541, 002. 69
100, 000. 00
Dep’tsLf.S.dis.officors
Due to national banks
Due to State banks. . .
Notes re-discounted. .
Total
8, 280, 307. 35
8, 459, 237. 55
8, 410, 490. 08 8, 127, 618. 85
8, 507, 090. 36
SOUTH CAROLINA.
16 banks.
16 banks.
16 banks.
16 banks.
15 banks.
Capital st ock
$1,798,000. 00
785, 000. 00
741, 014.42
728, 890. 00
$1,729, 640.00
770, 000. 00
659, 070. 21
670, 325. 00
$1,748, 000.00
770, 000. 00
770, 939. 29
617, 9.10. 00
$1,748, 000. 00
788, 800. 00
627, 117. 94
575, 705. 00
$1,698, 000. 00
778, 800. 00
709, 151. 07
559, 875. 00
Undivided profits
Nat .’1-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits. ..
8, 437. 50
4, 932, 725. 27
202, 936. 09
43, 221. 98
174, 287. 29
273, 218. 55
300. 00
2, 350. 00
10, 840. 50
'4, 527, 916. 32
218, 347. 18
57, 285. 19
297, 861. 68
250, 519. 87
18, 925. 55
8, 967. 50
4, 004, 362. 32
228, 476. 37
43, 974. 72
173, 709. 97
181, 460. 18
70, 491.76
14, 879. 00
3, 295, 394. 63
2S3, 661. 92
53, 064. 45
122, 807. 34
204, 042.72
219, 003.41
71, 956. 50
9, 748. 50
3.545,114. 11
323, 549. 14
43, 387. 57
174,049.61
273, 483.11
137, 720. 38
379, 962. 40
Dcp’ts U.S.dis. officers
Due to national banks
Duo to State banks . . .
Notes re-discounted. .
Bills payable
Total
9,690, 381.10
9, 210, 731. 50
8, 618, 372. 11
8. 004, 432. 91
8, 632, 840. 89
GEORGIA.
17 banks.
17 barflis.
18 banks.
19 banks.
21 banks.
Capital stock
$2, 736, 000. 00
$2, 736, 000. 00
$2, 823, 375. 00
$2, 903, 780. 00
$3, 050, 520. 00
892, 651.88
576, 076. 04
921, 832. 99
441, 738. 65
921, 832. 99
574, 761. 90
951,731.71
422,614.09
951, 731. 71
513, 005. 18
Undivided profits
Nat’l-bank circulation
799, 050. 00
783, 890. 00
785, 370. 00
801, 395. 00
877, 650. 00
Dividends unpaid
1, 721. 50
2, 712. 00
1,851.00
4, 606. 50
3, 525. 00
Individual deposits..
4, 937, 831. 26
57, 988. 69
37, 742. 64
5, 066, 051. 28
91, 268. 13
4, 637, 184. 07
108, 669. 67
21, 138. 44
4, 323, 486. 72
108, 364. 68
25, 182. 26
5, 003,216. 43
111, 147.49
Dep’ts U.S.dis.officers
35, 445. 12
35, 202. 27
Due to national banks
179, 391.09
258, 282. 30
228, 372. 87
181,904.64
351, 580. 97
Due to State banks. ..
315,088. 91
403, 290. 16
223,781.15
239, 989. 49
292, 982. 55
Notes re-discountcd..
48, 053. 70
19, 778. 17
215, 730. 10
087,841.02
910, 563. 56
Bills payable
10,180. 00
27, 000. 00
55, 000. 00
Total
10, 582, 195. 71
10,&30,474. 80
10, 542, 007. 31
10, 677, 956. 11
12, 156, 131. 16
336 REPORT OF THE COMPTROLLER OF THE CURRENCY,
Abstract of reports since October 7, arranged
FLORIDA.
Resources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
9 banks.
9 banks.
9 banks.
8 banks.
Shanks.
Loans and discounts.
Bonds for circulation -
Bonds for deposits . .
U. S. bonds on band. .
Other stocks and b’ds
Due from res’veag’ts.
Due from nat’l banks
Due from State banks
Real estate, etc
Current expenses. . .
Premiums paid
Cash items
Clear’g-house exch’gs
Bills of other banks . .
Uncur’t&minor coins
Trade dollars
$1, 379, 795. 65
200, 500. 00
100, 000. 00
300. 00
116, 162. 44
218, 310. 19
77, 741. 60
97,211.66
95, 999. 78
29, 585. 68
32, 725. 52
28, 522. 29
$1,365,414.06
200, 500. 00
100, 000. 00
76, 258. 83
323, 070. 29
125, 291.18
91,002.61
99, 581. 80
24, 662. 97
32, 255. 43
27, 832. 02
$1, 333, 838. 30
200, 500. 00
100, 000. 00
69, 496. 69
364, 513. 33
251, 352. 07
93, 409. 16
101,773. 33
22, 331. 48
30, 759. 01
39, 425. 73
$1, 393, 026. 25
180, 500. 00
100, 000. 00
1,000. 00
67, 566. 70
189, 568.97
103, 915. 77
64, 095. 56
89, 807. 35
15, 408. 68
29, 664. 01
16, 583. 00
$1, 441, 829. 15
180, 500. 00
100, 000. 00
1, 000. 00
73, 085. 09
108, 926. 01
86, 154. 14
63, 908. 57
93, 386. 14
12, 276. 63
29, 334. 01
10, 134. 58
89, 491. 00
597. 47
33. 00
46, 227. 00
132, 776. 00
123, 669. 00
896. 52
113. 00
66, 478. 41
177, 030. 00
116, 229. 00
1, 019. 89
93, 653. 00
1, 405. 28
74, 060. 00
948. 84
Specie
Legal-tender notes . .
TT. S. cert’s of deposit
Si % fund with Treas.
Due from TT. S. Treas .
Total
91,638.30
163, 108. 00
75, 326. 25
150, 701. 00
107, 762. 30
115, 440. 00
9, 022. 00
2,011. 07
9, 022. 00
2, 870. 77
9, 022. 00
1, 080. 77
8, 102. 57
8, 122. 00
1, 250. 57
2, 657, 012. 35
2, 845, 949. 49
2, 989, 497. 06
2, 580, 324. 39
2, 508, 208. 03
ALABAMA.
13 banks.
15 banks.
17 banks.
20 banks.
20 banks.
Loans and discounts
Bonds for circulation
Bonds for deposits . .
U. S. bonds on hand. .
Other stocks and b’ds
Due from res’veag’ts
1 >ue from nat’l banks
Duo from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear'g-house oxch’gs
Bills of other banks. .
TJncur’t&minor coins
Trade dollars
Specie
Legal-tender notes . .
TT. S. cert’s of deposit
Si % fund with Treas
Duo from U. S. Treas
Total
$5, 088, 255. 90
1,018, 000. 00
100,000. 00
50. 00
638,011.47
970,421.15
543, 838. 33
263, 845. 86
294, 405. 65
70, 362. 98
81, 071. 66
64, 788. 54
$, 144, 385. 13
1,088, 000. 00
$6, 979, 674. 35
825, 500. 00
.$8, 009, 124. 05
900, 500. 00
$8, 502, 536. 84
900, 500. 00
50, 000. 00
803, 714. 97
1, 423, 008. 37
870, 834. 85
260, 578. 73
311,830. 26
47, 623. 34
89, 786. 66
98, 924. 86
50, 000. 00
771,028. 97
1, 170, 337. 49
685, 172. 24
119, 093. 47
332,094.60
90, 316. 19
96, 729. 78
50, 813. 85
50, 000. 00
803, 714. 60
574, 532.41
602, 688. 45
262, 515. 94
349, 663. 79
32, 021. 15
118,448.53
85, 261. 10
50, 000. 00
834, 004. 51
541, 370. 63
386, 820. 22
182, 911.27
372, 648. 77
67, 214. 66
115,554. 78
81, 170. 79
241, 621. 00
1, 403. 39
104. 00
403, 690. 30
356, 831. 00
389, 550. 00
2,510. 49
104. 00
456, 724. 35
478, 983. 00
2C0, 202. 00
3,079.91
195. 00
441. 127. 00
396. 363. 00
140. 029. 00
2, 730. 23
48.30
346. 026. 00
375. 110. 00
161,393. 00
2, 565. 17
1.00
365, 448. 65
411, 324. 00
40, 760. 83
452. 75
47, 050. 00
1, 388. 58
35, 460. 00
8, 519. 18
36, 772. 50
2, 381. 75
37, 831. 67
2, 532. 89
10,207,914. 81
12, 561, 997. 59
12, 318, 737. 03
12, 691, 570. 80
13,015, 828. 85
MISSISSIPPI.
8 banks.
8 banks.
, 9 banks.
11 banks.
12 banks.
Loans and discounts
$1,609, 932. 26
$1, 552, 745. 99
$1, 619, 932. 28
$1,914,588.80
$2, 292, 652. 99
Bonds forcirculat ion
225, 000. 00
225, 000. 00
250, 000. 00
287, 500. 00
320, 000. 00
Other stocks and b’ds
65. 938. 12
50. 786. 32
64,518. 31
63, 616. 34
70,231.20
Due from res’ veag’ts
224, 725. 33
303,447.07
110, 055. 19
75, 002. 70
138, 086. 35
Due from nat’l banks
189, 592. 14
130,820. 37
123,227.11
73, 090. 37
72, 891. 46
1 )uo from State banks
36, 370. 49
41, 383. 08
24, 560. 25
41,701.18
40. 270. 88
Real estate, etc
43, 782. 89
43,947.47
43, 562. 02
46, 591. 56
46, 676.41
Current expenses —
30, 533. 54
14, 689.47
21, 606. 09
10,297. 63
23, 506. 94 '
Premiums paid
22, 288. 41
21,381. 18
26, 996. 31
30, 922. 53
33, 788. 15
Cash items
11,966. 19
12, 295. 38
22, 072. 14
7, 1 00. 07
28, 331. 20
Bills of other banks
16, 403. 00
16, 833. 00
10,776.00
11,036. 00
18, 585. 00
Uncur’t&.minor coins
256. 0 1
519. 06
1,281.30
982. 91
014.20
I 00
1 00
1. 00
1.06
Specie
108,716.80
109. 12 f 30
140,099.55
132,803 55
153,407. 13
Legal-tender notes .
181, 149.00
168, 899. 00
177, 096. 00
115, 312.10
140, 554. 00
5% fund with Treas.
10, 667. 55
9, 377. 96
9, 975. 00
12, 037. 00
12,112, 00
Due from U. S. Treas
6, 000. 00
4, 000. 00
5,000 00
Total
2, 780, 328. 23
2, 710, 289. 08
2, 717,361.55
2, 828, 730. 27
8, 391, 750. 97
REPORT OF THE COMPTROLLER OF THE CURRENCY
337
by States, and reserve c/fo'es— -Coutioued.
FLORIDA.
Liabilities.
DECEMBER 28
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
9 banks.
9 banks.
9 banks.
8 banks.
8 banks.
$550, 000. 00
33, 500. (10
St, 975. 55
163, 660. 00
$550, 000. 00
46, 500. 00
55, 449. 63
156, 830. 00
$550, 000. 00
50, 000. 00
63, 513. 18
153, 900. 00
$500, 000. 00
60,680. 00
46, 823. 36
142, 690. 00
$500, 000. 00
66, 180. 00
51, 574. 17
146, 750. 00
Undivided profits
Nat'l-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits ..
2. 00
1,612, 612.45
72, 533. 47
17, 802. 35
76, 473. 85
16, 535. 24
28,917.44
26. 00
1,838,737.91
85, 02(1. 79
5, 187. 32
58,713.46
41, 692. 74
7, 791. 64
6. 00
1, 968, 289. 04
87, 934. 58
3, 866. 04
62, 621. St
48, 027. 48
1, 339. 20
1, 847. 50
1, 634, 417. 55
84,718.91
5, 597. 71
76, 961. 45
26, 587. 91
151.00
1,515, 761.27
88, 506. 08
2, 575. 15
84,901.58
21,142. 10
20, 603. 68
10, 000. 00
Dep'ts tf.S.dia. officers
Due to national banks
Due to State banks. . .
Notes re-discounted. .
Total
2, 057, 012. 35
2, 845, 949. 49
2, 989, 497. 06
2, 580, 324. 39
2, 508, 208. 03
ALABAMA.
13 banks.
15 banks.
17 banks.
20 banks.
20 banks.
$2, 435, 000. 00
356, 500. 00
458, 734. 80
866, 140. 00
$2, 729, 250. 00
469, 500. 00
460, 323. 69
878, 360. 00
$2, 855, 200. 00
499, 500. 00
577, 379. 09
661, 490. CO
$3, 306, 430. 00
552, 780. 84
476, 413. 99
725, 350. 00
$3, 485, 100. 00
639, 903. 66
451, 393. 71
782, 330. 00
Undivided profits
Nat’] -bank circulation
State-bank circulation
Dividends unpaid
Individual deposits. . .
2,491.00
5, 561, 407. 70
83, 837. 25
6, 332. 03
6, 777. 60
7, 550, 769. 11
2, 164. 00
7, 111, 870. 49
7, 799. 00
6, 308, 282. 46
8, 131. 60
5, 925, 317. 72
Dep’ts U.S.dis.olficers
Due to national banks
Due to State banks. ..
■Notes re-discounted..
271, 705. 18
93, 253. 68
72, 513. 17
290, 799. 99
158, 194. 94
21, 022. 26
254, 400. 40
139, 278. 53
217, 454. 46
415, 759. 85
80,682.01
818, 072. 62
232, 610. 15
117, 295. 54
1, 173, 74G. 47
200, 000. 00
Total
10, 207, 914. 81
12, 564, 997. 59
12, 318,737.03
12, 691, 570. 80
13, 015, 828. 85
MISSISSIPPI.
8 banks.
8 banks.
9 banks.
11 banks.
12 banks.
Capital stock
$650, 000. 00
$675, 000. 00
$775, 000. 00
$915, 000. 00
$1, 055, 000. 00
Surplus fund
68, 878. 14
96, 288. 57
100, 288. 57
127, 308. 27
127, 368. 27
Undivided profits
102, 699. 69
62, 044. 84
98, 598. 80
65, 097. 81
102,496. 10
Nat’l-bank circulation
198, 0G5. 00
194, 955. 00
206, 645. 00
229, 595. 00
277, 230. 00
State-bank circulation
Dividends unpaid
50. 00
470. 00
200. 00
720. 00
20. 00
Individual deposits. . .
1, 601, 194. 13
1, 624, 534. 15
1,472, 793. 53
1,199, 875.39
1, 264, 007. 76
U. S. deposits
t
Dep'ts U.S.dis. officers
Due to national banks
27, 058. 32
15,197.23
19,018. 71
91, 510. 20
42, 665. 21
Due to State banks. . .
11, 181. 83
19, 886. 94
9, 883. 01
7, 632. 40
7,655.98
Notes re-discounted. .
101, 201. 12
11, 912. 92
34,933.93
156, 937. 14
409, 708. 25
Bills payable
20, 000. 00
10, 000. 00
35, 000. 00
105, 599. 40
Total
2, 780, 328. 23
2, 710, 289. 65
2, 717, 361. 55
2, 828, 736. 27
3, 391, 750. 97
8770 cur 87'
338 .REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 38SG, arranged
LOUISIANA.
Resources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
1 bank.
3 banks. | 4 banks.
5 banks.
5 banks.
Loans and discounts-
Bonds for circulation
Bonds for deposits ..
$161, 155. 65
50, 000. 00
$474, 180. 87
115, 000. 00
$566, 142. 94
112, 500. 00
$844, 692. 29
125, 000. 00
$1, 181,429.97
125, 000. 00
U. S. bonds oil hand .
Other stock and b'ds
Due from res’ve ag’ts
Due fromnat’l banks
Due from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear'g-houseexch’gs
Bills of other banks .
Uncur’t&minor coins
Trade dollars
32, 805. 50
10, 777. 39
31, 101. 09
725. Of
1, 100. 00
3, 776. 31
1, 500. 00
13, 021. 57
342, 170. 61
188, 458. 13
13, 064. 31
2, 777. 79
5, 723. 82
8, 412. 50
2, .384. 59
75, 000. 00
72, 752. 46
177, 364. 90
87, 688. 87
23,814.27
3, 787. 89
10, 503. 68
33, 263. 13
7, 084. 64
75, 000. 00
43, 352. 34
40, 287. 92
44, 541. 07
22, 912. 90
6, 954. 79
4, 213. 62
33, 606. 88
11, 647. 09
75, 000. 00
41, 267. 93
55, 878. 61
14, 664. 61
4, 146. 16
8, 559. 57
8, 479. 82
33, 169. 38
8, 585. 79
1, 355. 00
65. 30
57,465.00
173. 29
01, 595. 00
357. 54
30, 075. 00
266.45
22, 542. 00
471. 75
Specie
Legal-tender notes . .
TT. S. cert’s of deposit
5 % fund with Treas.
Duo from U. S. Treas
Total
23, 090. 00
5, 317. 00
78, 736. 75
111, 933. 00
102, 300.40
54, 148. 00
1 '
117, 205. 50
71, 248. 00
99, 713. 44
61, 733. 00
2, 250. 00
5, 175. 00
4, 500. 00
5, 624. 00
5, 624. 00
325, 018. 28
1, 418, 677. 23
1, 392, 803. 72
1, 476, 627. 85
1,746. 266. 03
CITY OF NEW ORLEANS.
8 banks.
8 banks.
8 banks.
8 banks.
8 banks. ,
Loans and discounts
Bonds for circulation .
Bonds for deposits . .
U. S. bonds on hand . .
Other stocks and b’ds
Duo from res’ve ag’ts
Due from nat’l banks
Due from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear’g-house exch’gs
Bills of other banks . .
TJncur’t&minor coins
$10, 864, 887. 73
1, 265, 000. 00
207, 550. 00
1, 069,632.45
919, 493. 33
, 315, 053. 69
629, 358. 53
439, 945. 23
132, 460. 02
135, 294. 57
1,619.51
1, 180, 679. 1 0
124, 683. 00
4, 627. 09
$8, 7G3, 752. 40
1, 325, 000. 00
308, 10(1. 00
1, 584, 683. 05
1,628,582. 37
419, 997. 18
954, 969. 00
439,110.56
64, 599. 03
•138,575. 85
6. 080. 49
1, 086, 863. 51
189, 942. 00
3, 986. 65
$10,194, 226; 65
1, 375, 000. 00
200, 000. 00
41,350. 00
1,538, 720.45
809, 436. 84
367, 699. 80
416, 127.22
473, 330. 66
122, 430. 09
202. 789. 47
5, 272. 54
794, 389. 28
155, 340. 00
4, 059. 39
$9, 525, 434. 09
1, 175, 000. 00
200, 0C0. 00
4, 3511. 00
1, 536, 026. 52
503, 177. 03
253, 913. 50
208, 776. 23
474, 173.24
35, 776. 98
185, 964. 63
3, 934. 30
937,493. 13
164, 504. 00
4, 049. 65
$9, 951,461.45
1, 350, 001). 00
200, 000. 00
7, 850. 00
1, 541, 598. 42
586, 230. 50
204,275.44
329. 208. 51
476, 533. OS
106, 704. 97
201,673. 80
5, 241.86
973, 835. 23
82, 838. 00
3, 770. 37
Specie
Legal-tender notes . .
TT. S. cert’s of deposit .
H % fund with Treas.
One from U. S. Treas.
Total
1,091, 340.45
1,779, 121.00
1, 241, 518. 85
1, 876, 023. 00
1, 297, 874. 20
1, 791, 720. 00
1,017, 299. 15
1, 600, 627. 00
776,215. 25
1, 295, 733. 00
56, 285. 00
56, 425. 00
9, 000. 00
61,375. 00
5, 000. 00
50, 925. 00
60, 750. 00
130.00
20, 217, 030. 70
20, 097, 208. 94
19,916, 141.59
17, 881,424.45
18, 154, 049. 88
TEXAS.
74 banks.
79 banks.
84 banks.
87 banks.
91 banks.
Loans and discounts
Bonds for circulation
Bonds for deposits. . .
U. S. bonds on hand.
Other stocks and b’ds
Due from res’ voag’ts
Due from nat’l banks
I luo from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear’ g-houseoxr.h’gs
.Bills of other banks. .
TTneur’tid minor coins
Trade dollars
Specie
Legal-tender noles
TT. S. cert's of deposit
5 % fund with Treas.
Due from TT. S. Treas
$10, 225, 725. 59
1, 945, 750. 00
325, 000. 00
150, 000. 00
288, 741.20
2, 2K0, 341.74
1,210, 808. 38
692, 267. 00
892, 007. 90
268, 427. 47
229, 904. 81
135, 099. 07
$17,291,313.91
2, 105, 250. 00
325, 000. 00
‘294,’ 348. 79
1,481,488.48
1,264,045. 00
735, 549. 89
967, 859. 72
149, 244.50
260, 830. 1 1
183, 965. 27
$18, 906, 498. 37
2, 250. 250. 00
250, 000. 00
$19, 399, 393. 80
2, 341,500. 00
350, 000. 00
$20, 762, 342. 30
2, 415, 300. 00
350, 000. 00
295, 091. 40
1,400,133. 25
1, 261,392. 82
681,265. 48
1,030,854.82
237, 210. 18
311,616.03
121,545.46
332, 237. 74
1, 746, 422. 29
1, 143, 885. 06
773,708.16
1, 048, 044. 78
104,370. 88
346, 190.54
198, 987. 09
345, 606. 25
1, 882, 240. 96
1, 249, 449. 37
731,854.35
1, 104. 166.76
207, 996. 51
356, 327. 28
180, 075. 15
541,201.00
5, 877. 64
1,167, 990. di
1,793,062. 00
715, 280. 00
7, 957. 02
1. 00
1.370,249. 65
1,837,430. 00
498, ‘591. 00
9, 733. 94
9. 99
1, 177,230.03
1, 398, 243. 00
458, 299. 00
14, 052. 37
10. 00
1, 092, 312 80
1, 604, 684. 00
687, 603. 00
8, 524.15
10. 00
1.256,594.67
1, 820, 126. 00
85, 871. 35
3, 482. 83
86, 768. 25
17, 234. 38
98, 293. 75
9, 646 65
101, 025. 25
5, 856. 10
104,001.30
0, 342. 17
Total
28,254, 157.99
29, 093,815. 97
29, 997, 595. 24
31, 056, 880. 46
32, 068, 509. 22
REPORT OF THE COMPTROLLER OF THE CURRENCY. 330
by States and reserve cities — Continued.
LOUISIANA.
Liabilities.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
1 bank.
3 banks.
4 banks.
5 banks.
5 banks.
Capital stock
Surplus fund
Undivided profits
Kar l bank circulation
State bank circulation
Dividends unpaid —
Individual deposits ..
$100, 000. 00
10, 500. 00
10, 398. 63
45, 000. 00
$410,000. 00
11,000. CO
19, 295. 13
82, 500. 00
$429, 250. 00
11,000.00
42, 174. 32
09, 000. 00
$490, 800. 00
30, 308. 44
13, 880. 67
73, 240. 00
$500, 000. 00
30, 308. 44
33, 418. 75
101,740. 00
159,119. 65
100. 00
895,113.67
56.00
820, 847. 78
152. 00
783, 777. 20
144. 00
703, 496. 72
Dep'ts U.S.dis.ofticers
Due to national banks
Due to State banks . .
150. 30
10, 518. 13
679. 30
19, 796. 32
59, 233. 58
235. 90
25, 000. 00
167, 792. 96
1, 360. 74
208, 004. 42
Total
325, 018. 28
1,418, 677. 23
1,392,803.72
1,470,627.85 1,746,266.03
CITY OF NEW ORLEANS.
8 banks.
8 banks.
8 banks.
8 banks.
8 banks.
Capital stock
$3, 425, 000. 00
1,145,000. 00
573, 264. 90
1, 120, 895. 00
$3,425,(00. 00
1, 165, 000. 00
443, 830. 67
1, 084, 355. 00
$3, 425, 000. 00
1, 165, 000. 00
627, 184, 59
1,214,235. 00
$2, 925, 000. 00
1,199, 000. 00
437,012.82
1, 054, 395. 00
$2, 925, 000. 00
1,199, 000. 00
561, 923. 32
1,214,995. 00
Undivided profits
Nat’l bank circulation
State bank circulation
Dividends unpaid
Individualdeposits. . .
21,082. 82
11,459, 352.15
13, 919. 16
11, 827, 270. 83
9, 849. 16
11,651,370.85
153, 262. 15
35, 226. 83
10, 626, 564. '97
1S2, 844. 08
14,217. 83
9, 698, 952. 77
200, 000. 00
Dep’ts if.S.dis. officers
Duo to national banks
Due to State banks. . .
Notes re-(lisconnted..
1,106,344. 50
1,314, 25G.04
51, 835 29
1,230, 729. 79
907,103.49
791,359.42
878, 880.42
650, 664. 45
770,716. 30
1. 108. 449. 82
1. 059. 665. 83
171, 845. 31
Total
20, 217, 030. 70
20, 097, 208. 94
19,916, 141.59
17, 881,424.45
18, 154, 049. 88
TEXAS.
74 banks.
79 banks.
84 banks.
87 banks.
91 banks.
Capital stock
$7, 630, 000. 00
$8, 421, 000. 00
$9, 032, 902. 00
$9, 682, 350. 00
$9, 919, 750. 00
Surplus fund
2,124, 081.90
2, 290, 403. 55
2. 304. 064. 55
2,450, 811.93
2,431,284.69
Undivided profits
1, 552, 010. 29
814,715. 43
1, 126, 056.68
778, 498. 38
1, 118,964.09
Nat'l bank circulation
State bank circulation
1,702, 040. 00
1, 722, 880. 00
1,926,235. 00
1, 975, 335. 00
2, 107, 535. 00
Dividends unpaid
4, 633. 00
6, 843. 25
3,514.00
19, 871. 96
12. 428. 00
Individual deposits. .
13, 006, 387. 67
13,719, 982. 95
13, 285, 309. 36
13,629,715. 70
13,710,426.47
U. S deposits
71,203.24
224, 969.D8
123,848. 17
94,746.70
175, 507. 00
170, 572. 07
Dep’ts U.S.dis.oflicers
160. 482. 39
130,327. 58
131,250.78
162, 187. 12
Due to national banks
806, 099. 82
871,923. 90
7S4, 372. 64
744,151.46
953, 400. 23
Due to State banks . . .
526, 963. 11
542, 363. 97
402, 399. 90
551, 137.24
651,024.55
Notes re-discounted. .
447, 759. 98
379, 362. 36
842, 827. 36
881,251.01
1,513,497. 00
Bills payable
38, 000. 00
34, 000. 00
61, 749. 47
37, 000. 00
217, 500. 00
Total
28, 254,157. 99
29, 093, 815. 97
29, 997, 505. 24
31,056, 880.46
32, 968, 569.22
340 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 1S86, arranged
ARKANSAS.
Resources.
DECEMBER 28.
MARCH 4.
MAT 13.
AUGUST 1.
OCTOBER 5.
5 banks.
6 banks.
7 banks.
7 banks.
7 banks.
Loans and discounts .
Bonds for circulation
Bonds for deposits. -.
U S. bonds on band. .
Olbcrstocksand b'ds
Duo from res' veag’ts
Duo from natl banks
Duo from Stale banks
Real estate, etc
Current expenses
Premiums paid
$2, 147, 813. 84
320, 000. 00
100, 000. 00
90, 800. 00
50, 613. 77
400, 687. 84
115, 971.16
101,181.23
19, 709. 27
4, 862. 91
72, 790. 00
7, 439. 31
$1, 950, 924. 06
355, 000. 00
150, 000. 00
80, 800. 00
55, 931. 56
729, 192. 71
202, 582. 53
77, 026. 38
22, 841.21
2, 900. 65
85, 071.25
20, 456. 45
$2, 293, 210. 36
367, 500. 00
150, 000. 00
70, 800. 00
60, 085. 14
694, 841. 00
113, 037. 63
93, 077. 05
33, 763. 40
6, 583. 35
85, 871.25
9, 060. 27
$2, 528, 630. 04
367, 500. 00
150, 000. 00
80, 800. 00
26, 133 60
314, 826.26
97, 519. 00
70, 828. 97
33, 763. 90
5, 451.95
98, 783. 75
14, 015. 28
$2, 794, 469. 84
410, 000.00
150, 000. 00
50, 800. 00
29, 151.96
219, 653. 00
60, 668. 64
111, 104. 38
33, 765. 20
4, 000. 53
96, 09C. 25
8, 619. 90
Clear' g-bouseexcb’gs
Billsof other banks. .
Uucurt&minoi coins
45, 289. 00
140. 62
187. 00
197, 833. .85
183, 879. 00
74, 673. 00
478. 58
188. 00
206, 761.35
163, 479. 00
64, 206 00
340. 59
6. 00
186, 574. 95
144, 777. 00
48, 032. 00
538. 25
17. 00
108, 990. 45
131, 574. 00
50, 090. 00
1, 292. 93
Specie
166, 679. 60
96, 300. 00
ILogal-tewdernotes. . .
U. S.-oea tis'of deposit
.5 %fuud with Treas.
Due from U. S. Treas .
Total
14, 400. 00
1,808.15
14, 850. 00
2, 634. 25
15, 975.00
3, 902. 20
16, 537.00
3, 448. 20
17, 887. 00
2. 20 .
3, 935, 406. 95
4, 195, 790. 98
4,393,611.19
4, 157, 389. 65
4, 300, 581.49
KENTUCKY.
CITY OF LOUISVILLE.
9 banks.
9 banks.
9 banks.
9 banks.
9 banks.
Loans and discounts
$9, 020, 427. 94
$9, 050, 697. 31
$9, 400, 737. 42
$9, 290, 202. 68
$9, 455, 073. 88
Bonds forcirculation .
944,000. 00
744, 000. 00
694,000.00
(194, 000. 00
694, 000. 00
Bonds for deposits . .
i, ooo, ooo. oo
1,000, 000. 00
900, 000. 00
900, 000. 00
900, 000. 00
1 850.00
1 , 351). 00
Other stocks and b'ds
2391 442. 35
226,770. 12
245, 795. 08
234, 760. 67
226.710.22
Duo from res' vo ag’ t s
774, 684. 4 1
1, 052, 855. 48
043, 059. 50
998, 060. 88
720, 807. 28
Duo fromnat’l banks
442, 530. 22
377, 003. 37
342,618. 85
318, 122.93
383, 546. 59
Due from State banks
223,308.41
201, 112. 92
185,031.67
129,843.35
157,171.34
Real estate, etc
152, 341.72
154,373. 31
150, 839. 25
152, 697. 10
157, 243. 52
Current expenses
42, 440.61
59, 750. 34
30, 830. 06
42, 757. 34
88, 735. 51
Premiums paid
113, 508. 24
113,008.24
107,876. 99
98, 376. 99
98, 376. 99
Cash items
45, 684. 62
34,541.45
88, 798. 84
35, 388. 87
19 972.34
Clear’ Kdiousoexch'gs
97, 1 10. no
44,615.34
24, 588. 27
15, 741.78
35, 099.81
Bills of other bunks.
59, 441. (10
48, 642. 00
73, 680. 00
66, 742. 00
53, 644. 00
Uiicur’t&minorcoinn
•258. 18
705. 83
715.20
1, 105. 83
596. 50
1 , 570. 00
1, 170. 00
205. no
(11.00
Speoio
97 f 371. 85
457’ 273. 31
600, 020. 35
239, 199. 25
262, 254. 08
Local- tender notes .
495, 400. 00
504,218.00
608, 576. 00
883, 786. 00
792, 247. 00
5 % fund with Treas
42, 477. 50
33, 477. 50
31,227.50
31,227.50
31,727.50
Duo from IT. S. Treas
2,160.00
3, 500. 00
1,000. 60
1,000. oo
4, 078. 02
Total
14, 060,610. 55
14, 109, 130. 55
14, 045, 706. 04
14, 133,976. (7
14,081,336. 58
REFORT OF THE COMPTROLLER OF THE CURRENCY. 34i
by States and reserve cities — Continued.
ARKANSAS.
Liabilities.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
5 banks.
6 banks.
7 banks.
7 banks.
7 banks.
$705, 000. 00
188,600. 00
70, 976.31
287, 520. 00
$800, COO. 00
102, 300. 00
48,919.47
290, 100. 00'
$8S0, 000. 00
102, 300. 00
86, 484. 15
308, 040. 00
$900, 000. 00
111,500. 00
75, 483. 44
315, 840. 00
$950, 000. 00
111,500.00
101, 561. 85
348, 740. 00
Undivided profits
Nat l bank circulation
State bank circulation
Dividends unpaid
Individual deposits . .
12, 154. 00
2, 476,921.02
56,099. 19
22, 975. 06
41, 275. 50
63, 026. 42
.10, 859. 45
2, 388. 00
2,711,130.09
45,309. 17
66, 874. 05
9, 702. 19 ‘
113,068.01
1,332. 00
2, 780, 643. 43
76, 528. 09
60, 547. 24
12, 956. 78
84, 779. 50
2, 302. 00
2, 491,060.40
91,526.48
56, 766. 38
21, 002. 02
71, 408. 33
20, 500. 00
2,182. 00
2, 313, 140. 08
100, 409. 87
47, 079. 84
17, 866. 28
40, 801. 03
252, 240. 54
15, 000. 00
Dep'ts it. Sails. officers
Due to national bauks
Due to State banks. . .
Notes re-disconntod. .
Total
3, 935, 406. 95
4, 195, 790. 98
4, 393, 611. 19
4, 157, 389. 65
4, 300, 581. 49
KENTUCKY.
59 banks.
59 banks.
59 banks.
59 banks.
59 banks.
Capital stock
Surplus fund
Undivided profits
Nat l bank circulation
State bank circulation
Dividends unpaid
Individual deposits . .
U. S. deposits
Dep'tsU.S.dis. officers
Due to national banks
Duo to State banks . .
Notes re-discounted. .
Bills payable
$9, 758, 900. 00
2,181,581.12
967, 860. 1“
3, 809, 680. 00
$9, 758, 900. 00
2, 254, 089. 75
632, 215. 18
3, 445, 550. 00
$9, 758, 900. 00
2, 224, 132. 56
811,541.37
3, 376, 370. 00
$9, 758, 900. 00
2, 293, 485.12
504, 517. 38
3, 052, 160. 00
$9, 758, 900. 00
2, 296, 885. 12
705,459.48
3, 055, 890. 00
19, 001. 00
9, 473, 170. 46
628, 905. 58
13,511.76
676, 509. 23
433, 523. 81
219, 292. 11
8, 610. 56
24, 472. 00
9, 841, 686. 00
702, 941. 93
24,785. 12
461,400. 05
329, 290. 89
ISO, 740. 37
25, 452. 50 .
9, 384, 302. 24
679, Hi. 77
46, 970. 58
008, 778. 12
356, 318. 02
332, 990. 86
1,000.00
58, 598. 50
10, 352, 08«. 08
873, 596. 79
79, 973. 60
485, 205. 94
3S8, 735. 29
331, 292. 64
42, 290. 50
10, 476, 08.3. 07
926, 623. 50
71,828. 00
426, 544. 89
395, 473. 12
224, 843. 42
15, 000. 00
Total
28s 210, 545. 81
27, 656, 078. 39
27, 006, 521. 02
28, 178, 553. 34
28, 395, 821. 10
CITY
OF LOUISVILLE.
9 banks.
9 banks.
9 banks.
9 bauks.
9 banks.
‘Capital stock
$3,351, 500. 00
$3, 551, 500. 00
$3, 551, 500. 00
$3, 551, 500. 00
$3, 551, 500. 00
Surplus fund
930, 503. 09
934, 003. 09
935,111.62
945, 111. 62
945,111.62
Undivided profits
234, 551. 09
251, 963. 48
200, 315. 70
194, 420. 91
304, 691. 03
Nat’l bank circulation
849, 490. 00
669, 490. 00
624, 490. 09
624. 490. 00
624, 490. 00
State bank circulation
Dividends unpaid
7, 088. 00
5, 918. 50
24, 004. 50
8, 898. 50
6, 684. 00
Individual deposits..
3, 773, 744. 28
3, 918, 926. 16
4, 193, 439. 95
4, 071, 809. 51
4, 033, 281.51
U. S deposits
753, 515. 86
694. 058.15
754, 508. 03
021, 245. 89
482, 189. 70
Dep’tsU.S.dis. officers
182, 183. 19
248, 596. 66
117, 796.64
233, 017. 51
264. 5G4. 85
Due to national banks
1,681,162. 58
2,105, 679. 63
1, 858, 492. 08
1, 782, 353. 96
1, 634, 433. 89
Dae to State banks ..
1, 507, 590. 79
1, 464, 744. 57
1, 606, 112. 94
1, 735, 425. 95
1, 5C4, 383. 30
"Notes re-discounted. .
558,181. 07
204, 250. 31
154, 334. 52
345, 702. 32
530, 006. 68
Bills payable
40, 000. 00
25, 000. 00
20, 000. 00
40, 000. GO
Total
14, 069,516.55
14,109, 130. 55
14, 045, 706. 04
14, 133, 976. 17
14, 081, 336. 58
342 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since October 7, 1886, arranged
TENNESSEE.
Resources.
DECEMBER 28.
MARCH 4.
May 13.
AUGUST 1.
OCTOBER 5.
34 banks.
36 banks.
38 banks.
40 banks.
40 banks
Loans and discounts .
Bonds for circulation .
Bonds for deposits .
U. S. bonds on band. -
Other stocks and li ds
DuefromresVeag’ts
Duo fromnat’l banks
Duo from State banks
Real estate, etc
$14, 01C, 819. 08
1,387,400.00
4.9, 900.00
17,400. 00
511,410. 88
1, 490, 9G2. 67
838, 393. 51
260, 783. 34
400, 730. 16
100,764.25
184, 303. 12
153, 359. S6
104, 586. 59
4.8.204.00
3, 830. 70
2,469. 25
818,712.91
832. 675. 00
$14,951,641.89
1,392,400.00
449, 900. 00
1 9, 400. 00
516, 953. 58
3, 049, 972. 68
1, 233, 029. 72
406, 415. 08
456,829.35
153, 931.53
197,293 79
355, 892. 26
. 89, 452. 55
628, 463. 00
6,231.01
2, 337. 25
957,481. 39
877, 444. 00
$16, 956, 906.18
1,414,400. 00
450, 000. 00
455, 400. 00
447,617.46
1,399, 636.10
1, 346, 646. 15
i 00, 921.92
455, 491. 84
107, 769. 53
2 '7, 030.34
204, 629. 88
104, 191.87
546, 607. 00
4,509.84
$17, 848, 881.08
1,486, 900. 00
450, 000. 00
13, 700.00
456, 849. 72
1,082, 716.45
1, 160, 050. 37
164,652. 39
485, 569. 50
67, 372. 39
244,211. 42
292, 534.46
90, 079. 73
410, 618. 00
9, 436. 95
300.00
921,660. 79
773, 085. 00
$19, 232, 849. 08
1, 483, 750. 00
450, 000. 00
6, 750. 00
445, 425. 67
1,012, 846. 65
977. 706. 05
204, 507. 32
487,821.79
90, 921. 17
236, 274. 92
278, 657. 20
153, 642.30
306, 234. 00
6, 004. 26
Current expenses
Premiums paid
Cash items
Clear’g-bouseexcb’gs
Billsof ether banks. .
Uueur’t&minor coins
Tradodollars
Specie
1,051,284.84
973, 326. 00
863, 549. 15
721,378.00
!
Legal-tender notes ..
U. S. cert'sof deposit
H °/o fund wf b Treas
Due from IT. S. Treas
Total
62, 232, <<0
6, 308. 84
60, 307. 50
30,817. 84
59, 735. 00
44, 992. 24
62, 589. 50
20, 148. 09
63,961.12
21,613.87 j
22,161,307.18
25,846,194.42
26, 141,096. 19
2G, 041,155. 84
27, 103, 955. 55 j
OHIO.
| 186 banks.
187 banks.
188 banks.
191 banks.
192 banks.
Loans and discounts.
Bonds forcirculation.
Bonds for deposits ..
U S. bonds on band
Other stocks und h ds
Duofronf resveiag'ts.
Duo fromnat'l banks
Duo from Siato banks
Real estate, etc
Current expenses
Pi emiunis paid
Cash items
Clear'g-housocxch’gs
Billsofot.her banks. .
Uncur t&minoi coins
Tradodollars
Specie
Legal-tender notes . .
TT. S.cert sof deposit
S°o fund with Treas
DuofromU. S. Treas
$46, 99’, 784. 18
1 1 , 702, 650. 00
"90, 000. 00
S98, 1 00. 00
2, 72,071.98
5,514,116. 00
1,768,386. 88
506, 674. 39
1,837,698.05
' 88, 095. 91
554,092.44
4.17,916.30
78, 101. Db
1, 228, 274, 00
91,267.61
37,211.10
2,91'-, 048. 32
2, 518, 372. 00
$47, 743, 277. 38
11, 316, 400. 00
8 5, 0.00. 00
A J f, 550. 00
2. Is7, 154. 72
5; 725, 235. 55
1, 753, 635. 90
499, 938. 18
1, 833, 124. A S
.-.'86, 2?L 59
6.4, 542. 39
529, 642. 66
95, 689. 74
1,4 8,591.00
26, 059. 84
27, 272. 05
2, 856, 559. 52
• 2,689,409.00
$49, 955, 597. 64
10, 452, 950. 00
965, 000. 00
969, 500. 00
1,982,421.98
5,810, 420.90
1,595, 241.24
417,134.53
1, 832, 174. 70
2 0,972. 30
672, 746.40
416, 968. 75
54, 479. 35
1,468,750.00
24, 956. 08
H, 291.80
2, 875, 412. 08
3, 207,551.00
$50, 509, 758. 55
10,216, 650. 00
995, 000. 00
275, 700. 00
2, 265, 299. 64
6, 604, 235. 65
2, 130, 949. 74
441, 842, 61
1,877,419.74
256, 145. 68
700, 347. 43
464, 960.49
79, 625. 58
1. 298. 078. 00
22, 458. 93
4, 866. 85
2, 793, 959. 31
2. 984. 985. 00
$51,173, 331.06
10,112, 650. 00
995, 000. 00
202, 050. 00
2,444, 000. 85
4, 882, 761.35
1,941,433.52
430, 768. 56
1, 893, 677. 74
433, 374.08
720, 752. 77
484, 772. 03
56, 001.02
1,381,875. 00
23, 945. 26
13. 00
2, 923, 055.91
3, 277, 439. 00
498,616.91
32, 172. 69
476,482. 24
46, 285. 52
446, 871.95
47, 196. 41
438, 953. 75
36, 501.24
429,310.24
35, 289. 96
Total
80,248,250.58
81,438,124.71
82, 737, G37. 23
84, 357, 738. 19
83,031,561.35
CITY OF CINCINNATI.
14 banks.
13 banks.
15 banks.
15 banks.
15 banks.
Loans and discounts
Bonds for circulation
Bonds for deposits ..
II. S. bonds on. band . .
Other stocksandb’ds
Duo from vcs’voag’ts.
Duo fromnat’l banks.
Duo from State banks
$24,895,512. 93
4.916.000. 00
1.519.000. 00
478, 050. 00
1,391,938.40
8, 428, 292. 19
2, 087, 656. 55
801,817. 60
324, 383. 97
2 JO, 654. 90
622, 528. 11
113,404.30
310, 634.96
536, GIG. 00
3, 035. 55
18,919. 00
1,155,171.34
2, 270, 925. 00
850, 000. 00
221,040. 00
5, 000. 00
$20, 406, 971.40
4, 650. OHO. 00
2, 374, 000. 00
556, 550. 00
2, 801, 146. 16
4, 275, 041. 82
1,823,983. 75
891,477.11
333, 359. 37
180,598. 03
809, 753. 80
96, 828. 30
468, 834.94
563, 094. 00
4,132. 88
20,180. 00
1,231,883. 85
2, 539, 234. 00
860, 000. 00
209, 080. 00
22, 545. 00
$28, 355, 732. 22
4, 750, 000. 00
2, 876, 500. 00
403, 650. 00
2, 656,118. 43
2, 710, 271. 9d
1.863. 820.00
882,021.97
380, 673. 58
141,102.41
910,007. 10
16,612.57
323, 259. 04
435,195. 00
3, 250. 16
2, 028. 00
1,124,480.80
2.848.278.00
1, 200, 000. 00
213,750. 00
25, 510. 00
$24, 030, 865. 86
3, 612, 000. 00
2, 084, 000. 00
411,250.00
2, 479, 722. 50
8, 127, 526. 05
1, 765, 570. 50
855, 810. 38
390, 088. 38
158, 663.71
8j4, 354. 31
41, 854. 58
263, 896.10
331,316. 00
2,787.90
$24, 607,014.49
3. 612. 000. 00
2.119.000. 00
307, 200. 00
2, 567, 573. 16
2, 009, 217. 63
1, 498, 989. 47
722, 988. 31
398, 146. 16
251,067.62
784, 062. 90
118, 474. 14
323, 753.29
459, 207. 00
3, 392. 42
Current expenses —
Premiums paid
Cash items
Clear’ g-ltousoexch’gs
Bills or other banks..
Dncur’t Aminorcoins
593, 939. 00
2, 282, 023. 00
1, 130, 000. 00
162, 640. 00
3, 040. 00
663, 168. 32
2, 639, 249. 00
1,880,000. 00
156, 670. 00
3, 000. 00
Specie-
Legal-tender notes . .
U. S. cert'sof deposit.
5% fund with Treas.
Duo from U.S. Treas.
Total
40,170,610. 95
01,125,399. 36
52, 277, 851. 27
44,531,848. 27
45, 354, 833. 91
REPORT OF THE COMPTROLLER OF THE CURRENCY.
343
by States and reserve cities — Coutiuued.
TENNESSEE.
Liabilities.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
34 banks.
36 banks.
38 banks.
40 banks.
40 banks.
Capital stock
$5, 476, 140. 00
$5, 942, 500. 00
$6, 928, 980. 00
$7, 324, 690. 00
$7,460,000.00
Surplus fond
Undivided profits
1, 038, 043. 15
1, 121.307. 80
1, 380, 307. 80
1,455, 757.80
1,461,057.80
730, 062. 33
519, 044. 85
588, 909. 84
499, 540. 46
610, 713.54
Nat’l-bank circulation
1, 244, 940. 00
1, 196, 070. 00
1, 172, 560. 00
1,308,710. 00
1, 326, 895. 00
Dividends unpaid
1,508. 00
1, 792. 00
2, 568. 00
8, 008. 50
3, 492. 00
Individual deposits . .
10, 444, 634. 82
14, 295, 474. 95
12, 891,676.69
332, 057. 50
12, 523, 957. 22
11,759, 221. 25
U. S. deposits
Dep'ts U.S.dis.officers
239, 213. 14
258, 165. 30
325, 318. 88
326, 606. 46
137,470. 33
104, 307. 64
88, 164. 31
112, 000. 97
101,714. 11
Due to national banks
1, 540, 129. 85
1, 274, 088. 80
1,401,987.50
1, 177, 386. 57
1, 533, 763. 47
Due to State banks. ..
825, 565. 84
998, 335. 64
845, 685. 77
574, 368. 91
469, 139. 71
Notes re-discounted. .
425, 599. 72
134, 507. 44
458, 080. 94
680, 566. 53
1, 901, 052. 21
Bills payable
60, 000. 00
50, 117. 84
50, 850. 00
150, 300. 00
Total
22,161,307.18
25, 846, 194. 42
26, 141, 096. 19
26, 041, 155. 84
27, 103, 955. 55
OHIO.
186 banks.
187 banks.
188 banks.
191 banks.
192 banks.
Capital stock
$22, 020, 000. 00
$22, 112, 000. 00
$22, 217, 200. 00
$22, 564, 370. 00
$22, 796, 020. 00
Surplus fund
4, 867, 527. 57
5, 006, 364. 23
5, 099, 024.19
5, 189, 691. 66
5, 206, 395. 51
Undivided profits
1, 990, 600. 64
1,861,222.81
1, 527, 683. 53
1, 557, 197. 51
2, 173, 504. 23
Nat’l-bank circulation
10, 453, 559. 00
10, 081, 429. 00
9, 317, 964. 00
9, 069, 179. 00
9, 008, 926. 00
State-bank circulation
4, 365. 00
4, 365. 00
3, 899. 00
3, 899. 00
3, 899. 00
Dividends unpaid
38, 089. 40
23, 001. 12
79, 320. 73
50, 352. 80
43, 295. 80
Individual deposits. - .
37, 809, 925. 72
39, 621, 347. 20
41,428, 890. 15
42. 649, 077. 41
41,268,742.33
U. S. deposits
492, 686. 32
455, 578. 04
657, 872. 15
759, 969. 74
757, 298. 40
Dep’ts U.S.dis.officers
176, 438. 67
268, 062. 92
207, 222. 27
171,247.43
174, 583. 16
Due to national banks
1, 467, 286. 84
1, 081, 391. 65
1, 212, 061. 71
1, 223, 879. 74
1, 487,434. 80
Due to State banks. . .
644, 292. 65
673, 379. 97
596, 860.41
689, 963. 79
636, 342. 56
Notes re-discounted .
249, 478. 77
221, 482. 77
349, 683. 09
398, 193.11
336, 963. 31
Bills payable
34, 000. 00
28, 500. 00
40, 000. 00
30, 717. 00
38, 156. 25
Total
80, 248, 250. 58
81, 438, 124. 71
82,737,637. 23
84, 357, 738. 19
83, 931, 561. 35
CITY
OF CINCINNATI.
14 banks.
13 banks.
15 banks.
15 banks.
15 banks.
Capital stock
$10, 100, 000. 00
$10, 100, 000. 00
$11, 010, 000. 00
$10, 225, 000. 00
$10, 400, 000. 00
Surplus fund
1, 359, 000. 00
1,420, 000. 00
1, 595, 000. 00
1, 820, 000. 00
1,820, 000.00
Undivided profits
1,012, 408.29
765,771.61
795, 310. 54
752, 409. 16
970, 568. 67
Nat’l-bank circulation
4, 353, 590. 00
4, 178,440. 00
4, 237, 990. 00
3, 228, 410. 00
3, 226, 840. 00
State-bank circulation
Dividends unpaid
4, 664. 00
8, 357. 00
27, 529. 50
19, 054. 00
7, 017. 50
Individual deposits . .
18, 003, 167. 62
20, 0t)8, 969. 80
20, 367, 817. 60
17, 178, 961. 32
18,380,460.13
U. S. deposits
1, 304, 936. 61
2, 009, 881. 69
2, 509, 936. 61
2, 034, 529. 52
2, 075, 184. 19
Dep’ts U.S.dis.officers
Due to national banks
6, 812, 547. 97
8, 497, 070. 67
7, 755, 675. 18
5, 890, 039. 80
5, 273, 030. 40
Dne to State banks. . .
2, 887, 996. 46
3, 575, 058. 59
3, 439, 291. 84
2, 731, 372. 53
2, 665, 453.14
Notes re-discounted . .
40, 771. 94
45, 079. 88
Bills payable
332, 300. 00
561. 850. 00
539, 300. 00
611,300. 00
491, 200. 00
Total
46, 170, 610. 95
51, 125, 399. 36
52, 277, 851. 27
44,531,848.27
45, 354, 833.91
344 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since October 7, 188G, arranged
CITY OF CLEVELAND.
Resources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
9 banks.
9 banks.
9 banks.
9 banks.
9 banks.
Loans and discounts
$15, 723, 735. 25
$16, 018, 341. 73
$16, 086, 496. 91
$16, 438, 621. 32
$17,607,759.64
Bonds forcirculation .
665, 000. 00
655, 000. 00
505, 000. 00
605, 000. 00
605,000.00 ,
Bonds for deposits . . .
U. S. bonds on hand. .
600, 000. 00
605, 000. 00
340, 000. 00
340, 000. 00
340, 000. 00
Other stocks and h’ds
401, 073. 50
265, 161. 17
214, 518. 50
214, 493. 50
207, 993. 50
Due from res' ve ag’ts
1, 551, 382. 89
1, 598, 256. 55
1, 413, 773. 52
1, 239, 281. 54
1, 595, 669. 42
1, 179. 021. 08
Due from nat’lbanks
1, 377, 518. 40
1, 233, 121. 19
1, 102, 530.40
1, 033, 033. 94
Due from State banks
447, 225. 03
495, 478. 57
547, 9S8. 36
412, 817. 83
410, 348. 63
Real estate, etc
672, 589. 64
675, 424. 27
627, 886. 96
630, 220. 44
644, 681. 58
Current expenses
77, 227. 06
144, 145. 36
4, 365. 79
106,011.77
159, 837. 99
Premiums paid
22, 000. 00
22, 000. 00
34, 687. 50
34, 687. 50
34, 687. 50
Cash items
32, 870. 89
54. 002. 97
26, 469. 20
67, 065. 76
118. 187. 10
Clear’ g-house exch'gs
92, 866. 88
123, 875. 00
151, 024. 35
168, 575. 86
180, 789. 52
Bills of other banks . .
230, 984. 00
230, 282. 00
195, 772. 00
158, 326. 00
177, 238. 00
Uncur’t& minor coins
Trade dollars
8, 260. 21
1, 150. 00
1, 084, 037. 93
4, 323. 06
1, 100. 00
1,100, 167. 99
2, 128. 20
6, 208. 47
400. 00
3, 168. 90
Specie
1, 084, 380. 70
837, 626. 29
818, 379. 43
Legal-tender notes . .
877, 700. 00
745, 000. 00
900, 000. 00
686, 000. 00
881, 000. 00
TT. S. cert’s of deposit
15, 000. 00
15, 000. 00
15, 000, 00
15, 000.00
16, 000. 00
5 % fund with Treas.
29, 475. 00
27, 435. 00
21, 675. 00
22, 725. 00
26, 725. 00
Due frornTJ. S. Treas
1, 040. 00
2, 140. 00
3, 990. 00
1, 040. 00
3, 040. 00
Total
23,991,136. 68
24, 015, 254. 86
23, 414, 388. 53
23, 443, 019. 56
24, 445, 891. 81
INDIANA .
92 banks.
92 banks.
92 banks.
93 banks.
93 banks.
Loans and discounts .
Bonds forcirculation.
Bonds for deposits . .
TJ. S. bonds on hand . .
Other stocks and b’ds
Due from res’ve ag’ts.
Due from nat’l banks.
Due from State banks
$26, 137, 210. 36
5, 517, 800. 00
1,230, 000.00
638, 150. 00
1, 109, 431. 13
3, 971, 198. 22
2, 040, 126. 19
375, 115. 54
1, 184, 263. 74
253, 968. 36
497, 426. 92
203, 758. 25
57, 650. 60
1, 047, 427. 00
13, 940. 58
20, 961.45
2, 603, 112. 21
1, 735, 474. 00
$25, 679, 282. 24
5, 355, 300. 00
1, 230, 000. 00
715, 650. 00
1, 135, 125. 36
4, 687, 054. 83
2, 051, 234. 66
322, 438. 08
1, 177, 836. 67
127, 700. 29
492, 061. 72
241, 612. 78
80, 771. 22
74’5, 109. 00
17, 982. 19
19, 636. 25
2, 587, 588. 36
1, 741, 479. 00
$26, 911, 858. 52
4, 956, 300. 00
1, 130, 000. 00
633, 150. 00
1, 151, 476. 83
4, 165, 995. 74
2, 409, 043. 71
436, 537. 01
1, 198, 186. 97
230, 694. 78
531,893.31
232, 263. 74
43,247.42
1, 044, 525. 00
15, 801. 98
6, 574. 75
2, 701, 483. 68
1, 867, 942. 00
$27, 135, 054. 07
4, 748, 800. 00
1, 130, 000. 00
774, 750. 00
1, 190, 364. 67
4, 359, 523. 28
2, 455, 799. 36
384, 756. 01
1, 215, 540. 75
84, 175. 10
527, 399. 60
271,917.70
$28, 030. 386. 10
4, 723, 800. 00
1, 200, 000. 00
865, 450.00
1, 112, 291. 78
3, 453, 168. 93
2, 222, 702. 16
337, 610. 05
1,223, 100.41
189, 176. 33
561, 105. 02
272,650.68
157, 043. 26
996, 951. 00
14, 519. 14
Current expenses
Premiums paid
Clear'g-house exch’gs
Billsof other banks. .
TTncur’t& minor coins
10i; 712. 43
1, 071, 299. 00
15, 297. 80
172. 85
2, 412, 665. 72
1, 805, 835. 00
2.501,486.46
1, 977, 615. 00
Legal- tender notes ..
5 % fund with Treas.
Due from TT. S. Treas.
239, 471. 14
7, 052. 86
225,110. 99
12, 905. 97
215, 875. 12
12, 239. 32
209, 209. 42
18, 561. 37
205, 791. 92
39, 053. 16
Total
48, 943, 538. 55
48, 645, 879. 61
49, 895, 089. 88
49, 912, 834. 13
50,083, 921.40
Loans and discounts.
Bonds for circulation .
Bonds for deposits . .
IT. S. bonds on hand. .
Other stocks and h'ds
Due from res’ veag’ts
Due from nat’l banks .
Due from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear’g-houso exch'gs
Bills of other banks . .
Uncnr' t& minor coins
Trade dollars . . ...
Specie
Legal-tender notes . .
TT. S. cert’s of deposit
5 % fund with Treas .
Duo from TT. S. Treas .
Total
ILLINOIS.
156 banks.
158 banks.
>35, 544, 864. 06
4, 790, 250. 00
$35, 162, 556. 98
154 banks.
156 banks.
$32, 693, 573. 01
5, 331, 650. 00
995, 000. 00
241, 450. 00
2, 257, 963. 97
5, 877, 309. 00
1, 110, 497. 14
211, 393. 45
1, 375, 555. 16
275, 342. 71
524, 278. 72
376, 643.47
61, 587. 20
988, 239. 00
14, 747. 42
3, 214. 05
2, 514, 447. 50
1, 799, 727. 00
10, 000.00
235, 772. 43
15, 473. 47
$33, 725, 843. 62
5, 158, 650. 00
995, 000. 00
274. 650. 00
2, 273, 600. 14
7, 186, 858. 12
1, 580, 701. 53
262, 870. 20
1, 393, 213. 34
185, 596. 45
521, 262. 86
385, 342. 23
59,215. 12
916. 426. 00
20, 045. 17
3, 244. 15
2, 570, 253. 48
1,866, 452. 00
10, 000. 00
225, 625. 98
20, 614. 09
1, 095, 000. 00
313, 100. 00
2, 206, 830. 11
6, 88 i, 399. 71
1, 385, 594. 21
257,016. 42
1, 387, 436. 41
316, 211. 17
532, 599. 30
423, 130. 91
59, 935. 96
890, 527. 00
19, 709. 00
532. 00
2, 604, 394. 69
1, 812, 004. 00
10, 000. 00
4, 746, 500. 00
1, 195, 000. 00
368, 200. 00
2, 184, 122. 86
8, 627, 999. 18
1, 844, 800. 03
292, 214. 65
1, 441, 005. 28
126, 380. 74
552, 940. 70
338, 664. 11
95, 608. 06
912, 665. 00
18, 543. 42
798. 00
2,613,251.27
1,801, 289. 00
10, 000. 00
160 banks.
$36, 048,215. 84
4, 776, 500. 00
1, 295, 000. 00
368, 800. 00
2, 460, 694. 37
7, 473, 836. 61
1, 817, 133. 08
252, 192. 28
1, 473, 420. 00
213, 150. 25
582, 573. 31
426, 550. 67
94. 685. 47
906.942.00
20,531.44
15. 00
2, 692, 576. 26
1, 821, 456. 00
10, 000. 00
211,090. 48
18. 335. 97
56, 913, 864. 70
59, 635, 464. 48
60, 771, 688. 17 | 62, 553, 033. 90 j 63, 023, 698. 58
215, 104.55
14, 048. 67
208, 550. 40
11, 944. 22
REPORT OF THE COMPTROLLER OF THE CURRENCY. 345
by States and reserve cities — Continued.
CITY OF CLEVELAND.
Liabilities.
DECEMBER 28.
MARCH 4.
MAY 13^,
AUGUST 1.
OCTOBER 5.
!) banks.
9 banks.
9 banks.
9 banks.
9 banks.
Capital stock
$6, 650, 000. 00
$G, 700, 000. 00
$0, 700, 000. 00
$0, 700, 000. 00
$0, 700, 000. 00
Surplus fund
Undivided profits
809, 000. 00
809 000.00
892, 000. 00
892, 000. 00
892, 000. 00
282, 000. 80
451, 0o3. 02
190, 417. 14
400, 098. 25
565, 612. 00
Nat ’1-bank circulation
089, 4C0. 00
589,450.00
454, 450. 00
453, 950. 00
544, 450. 00
Dividends unpaid
730. 00
327.00
9, 953. 00
3, 314. 00
918.00
Individual deposits . .
12, 126, 703. 15
12, 161,415. 91
1 1, 216, 065. 49
10, 891,963.09
10, 309,9:5.45
U. S. deposits
Dep’tsTJ.S.dis. officers
532, 003. 39
525. 802. 25
289,117.24
286,998.04
284, 793. 59
6, 653. 13
5, 000. 91
15, 731. 06
10, 809. 32
21, 125. 87
Doe to national banks
1,002, 263.95
1,158,772.10
1,378,900.49
1, 4G7, 772. 51
1, 292, 093. 38
Due to State banks . .
755, 107. 57
815, 343. G7
7 1 4, 85 1. 48
440, 890. 03
1, 052, 000. 00
844, 18?. 35
335, 926. 00
1, 144, 000. 00
807, C69.43
1, 113, 274. 09
1. 894. 000. 00
Bills payable
1, 177, 098. 03
799, 000. 00
Total
23, 991, 136. GS
24, 015, 254. 80
23,414,388.53
23, 443, 019. 56
24,445,891.81
INDIANA.
92 banks.
92 banks.
92 banks
93 banks.
93 banks.
Capital stock
$11, 894, 500. CO
$11,894,500.00
$11, 844, 500.00
$11, S94, 500. 00
$11,894, 500. 00
Surplus fund
3, 400, 238. 72
3,437, 825.19
3,407.210. 22
3,535,463.22
3, 531, 013. 22
Undivided profits —
1,077, 803. 27
1,112, 185. 93
1,422,392. 94
1, 152, 972. 20
1, 505, 052. 20
Nat '1-bank circulation
4, 889, 540. 00
4, 731, 790. 00
4,419, 000.00
4, 215, 820. 00
4, 217, 870. 00
State-bank circulation
Dividends unpaid
8,210.50
12, 895. 05
9, 4-12. 90
23, 981. 27
22, 035. 21
Individual deposits. . .
23, 530, 772. 53
24, 002, 648. 14
25, 317, 961. 37
25, 474, 2-15 "46
25. 254.102. 80
U. S. deposits
747. 330. 03
793,800.10
008, 281. 03
724, 255. 97
7 54 . 224. 57
Dcp’ts U.S.dis.officers
324, 990. 53
305, 654. 53
321, 032. 00
' 220, 732. 09
202, 700. 52
Due to national banks
1,421,957.74
1, 280, 914. 17
1, 370, 942. 81
1, 342, 294. 78
1, 431, 547. 15
Due to State banks. . .
1,037,312. 00
1,036,008. 87
1,098,290. 21
1, 296, 053. 21
1,183, 859. 18
Notes re-discounted. .
10,705. 00
37, 500. 00
15, 429. 14
32, 515. 93
24, 44C. 55
Bills payable
157. 03
157. 63
5, 000. 00
Total
48, 943, 538. 55
48, C45, 879.01
49, 895, 0S9. 88
k
49, 912, 834. 13
50, 083, 921. 40
ILLINOIS.
154 banks.
156 banks.
156 banks.
154 banks.
ICO banks.
Capital stock
$14, 056, 500. 00
$14, 018, 950. 00
$14, 038, 900. 00
$14, 161, 500. 00
$14, 341, 500. 00
Surplus fund
4, 384, 155 2 ■
4, 433, 133. 92
1, 829, 535. 03
4,462,440.17
2, 077, 733. 64
4, 5.8, 791 75
4. 533, 968. 38
2, 081,019. 42
Undivided profits
‘A 340,' 907. 60
1, 697, 767. 15
Nat’l-bnnk circulation
State-bank circulation
4, 754, 435. 00
4, 577, 445. 00
4, 258, 770. 00
4, 179, 150. 00
4,219,305. 00
Dividends unpaid
10, 213.00
22, 874. 50
28, 050. 00
35, 563. 25
22, 323. 75
Individual deposits . .
29k309, 706. 06
848, 318. 30
77, 344. 89
32, 705, 614. 55
869, 146.98
28, 503. 27
33, 537, 435. 69
911,552. 23
45, 137. 53
35, 376, 370. 64
1, 010, 964. 55
25,508.45
35, 161, 306. 04
1, 073, 968. 51
39, 907. 07
Dep’ts U.S.dis. officers
Duo to national banks
491, 742. 05
455, 848. 73
532, 594. 08
602, 936. 96
574, 902. 12
Due to State banks. . .
450, 701. 29
054, 088. 34
TOO, 771. 39
855,481.15
851,907.72
Notes re-discounted. .
96, 781. 28
39, 724. 16
108, 303.44
19, 000. 00
119, 590. 57
Bills payable
21,000.00
10, 000. 00
4, 000. 00
Total
5G, 913, 864. 70
59,635,404.48
60, 771, 688. 17
j
62, 553, 033. 90
03, 023, 698. 58
346
erport of the comptroller of the currency,
Abstract of reports since October 7, 18S6, arranged
CITY OF CHICAGO.
Resources.
DECEMBER 28.
MARCH 4.
MAT 13.
AUGUST 1.
OCTOBER 5.
15 hanks.
15 hanks.
18 banks.
18 hanks.
18 banks.
Loans and discounts.
Bonds for circulation .
Bonds for deposits. . .
U. S. bonds on hand. .
Other stocks and h’ds
Due from res' ve ag’ts .
Due from nat’l hanks
Due from State hanks
Real estate, etc
Current expenses
Premiums paid
Cash items
Glcar’g-house oxch’gs
Bills of other hanks. .
Uncur’t& minor coins
$53,100,218.57
900. 000. 00
200, 000. 00
536, 850. 00
1,871,985. 05
7, 519, 837. 73
4, 327, 939. 12
2, 531,311.30
710, 888. 44
134, 051. 06
63, 426. 34
28, If 8. 83
2,897, 687.11
168, 104. 00
12, 091.26
$57,337,718.81
900, 000. 00
340, 000. 0C
557, 150. 00
2, 109, 920. 74
8, 870, 074. 16
5, 022,261.69
2, 561, 589. 43
706, 125.11
60,710. 14
62, 290. 79
27, 375. 20
3, 700, 656. 95
1, 139, 283. 00
19, 935. 10
$62, 972, 279. 76
1, 050, <i00. 00
340, 000. 00
401,700. 00
2, 115, 134.41
$60, 042, 503. 52
1, 050, 000. 00
340, 000.00
622, 150. 00
2, 485, 413. 03
$61, 156, 286. 09
1, 050, 000. 00
340, 000. 00
421,750.00
2, 518, 569. 40
10, 568, 867. 52
2, 964, 030. 54
707, 036.01
93, 203. 04
94, 142.01
31, 608. 62
3, 970, 099. 03
1, 474, 485. 00
19, 071. 33
10, 182, 857.01
3, 072, 374. 30
715, 072. 08
48, 009. 33
127, 158. 75
35, 190. 40
5, 802, 207. 62
1, 651, 814. 00
18, 307. 26
9,510, 921.74
2, 702, 214. 58
715, 474. 46
83. 222. 30
120,015. 63
33, 944. 76
4, 426, 304. 00
969, 093. 09
21, 081. 82
Specie
Legal-tender notes . .
IT. S. cert’s of deposit
5 % fund with Treas
Due from U. S. Treas
Total
8, 578, 587. 00
4, 686, 676. 00
110, 000. 00
40, 500. 00
42, 620. 00
10,199,129.17
5, 328, 505. 00
110, 000. 00
40, 500. 00
39, 100. 00
13, 003, 485. 40
7,516,216. 00
110, 000. 00
42, 750. 00
89, 450. 00
14, 649, 384. 72
7, 171,452.00
110,000. 00
47, 250. 00
39, 250. 00
12, 958,417. 74
6, 623, 720. 00
110, 000. 00
47, 250. (10
56, 500. 00
89, 260, 971. 81
99, 132, 325. 29
107, 563, 558. 67
108, 210, 454. 05
103, 864, 765. 52
MICHIGAN.
97 hanks.
97 banks.
9T banks.
99 hanks.
100 hanks.
Loans and discounts .
Bonds for circulation .
Bonds for deposits . .
O'. S. bonds on hand . .
Other stocks and h’ds
Duefromres’veag’ts
Duo from nafl hanks
Due from State hanks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear’ g-housc exeh’gs
Bills of other banks . .
TTncur’t.& minor coins
Trade dollars
Specie
Legal-tender notes . .
|25, 973, 076. 39
3, 446, 500. 00
50, 000. 00
74, 850. 00
627,319. 29
3, 452, 900.71
723, 780. 82
120,012.91
1, 069, 707. 59
244, 850. 51
246, 283. 48
220, 296. 09
$26, 922, 743. 71
3, 304, 000. 00
50, 000. 00
91, 550. 00
584, 800. 66
3. 374, 304. 64
842, 938. 58
117, 806. 65
1, 072, 655. 69
110,513.75
236, 545. 10
247, 729. 36
$27, 964, 986. 55
3, 221,500. 00
50, 000. 00
105, 650. 00
631,267. 25
3, 073, 674. 47
772, 134. 59
111,270. 62
1, 053, 647. 78
189, 199.89
245, 801.78
186, 658. 58
$28, 649, 456.19
3, 046, 500. 00
50,000 00
100,150. 00
647, 868. 83
3, 122, 597. 57
600, 734. 56
1*, 052. 80
1, 063, 656. 44
70,110.10
218,419. 12
222, 662. 88
$29, 676. 187. 23
3, 012, 750. 00
50, 000. 00
45, 050. 00
645, 040. 56
2, 962, 832.01
607, 924. 21
109, 435. 89
1, 092, 294. 82
159, 241. 79
258, 991. 57
306, 595. 87
576, 917. 00
11. 540. 40
3, 775. 45
1, 685, 976. 22
912, 108. 00
368, 405. 00
15, 863. 73
3, 825. 20
1,612,170. 83
711,437. 00
515, 248. 00
13, 680. 43
607. 85
1, 607, 034. 61
997, 908. 00
471,424.00
13, 039. 98
287. 75
1, 619, 699. 04
957, 568. 00
406, 022. 00
14, 388. 39
'35. 00
1,635,911.67
853, 715. 00
ft % fund with Treas.
Duo from O. S. Treas -
Total
155, 067. 00
33, 763. 97
147, 940.15
19, 618. 99
143, 972. .r0
31,005. 90
135, 444. 50
17, 588. 25
134,400,50
81,427.43
39, 028, 734. 83
39, 834, 849. 04
40,915,254. 80
41, 173, 260. 01
42, 002, 243. 94
CITY OF DETROIT.
7 banks.
7 banks.
7 hanks.
8 banks.
8 hanks.
Loans and discounts
$10, 926, 840. 25
$10, 756, 271.63
$11,312, 877.41
$12, 525, 686. 25
$12, 805, 817. 29
Bonds for circulation
400, 000. 00
400, 000. 00
400, 000. 00
400, 000. 00
400, 000. 00
Bonds for deposits. ..
500, 000. 00
500, 000. 00
500, 000. 00
500, 000. 00
200. 00
500, 000. 00
Other stocks and h’ds
3, 000. 00
18, 402.41
18.40S.41
11,629. 84
11,273.49
Due from res’ve ag’ts
1, 207,170.01
1, 925, 281. 09
1,466, 038.26
1, 856, 872. 22
1, 779, 600. 78
Duo from nat’l banks
984, 278. 69
1, 153,577.82
1,025,383.07
774,716. 37
908, 663. 58
Due from State banks
233, 322. 18
210, 025. 51
155,853. 86
150, 368. 16
209, 848.81
Real estate, eto
99, 1 90. 33
99, 1 70. 23
120,407. 48
124,071.13
122,071. 13
Current expenses
60, 164.50
23, 115. 92
38, 125. 78
11,463.76
29. 708. 68
Premiums paid
165, 674. 54
106,862.04
165, 362. 04
191,937.47
191,875.97
Cash items
37, 469. 68
35, 565. 13
89, 832.74
46, 150. 51
29. 945. 58
Clear’ g-housc exch’gs
251,417.22
229, 301.80
305, 194. 96
370, 046. 98
285, 866. 14
Bills of other hanks. .
189, 144. 00
103, 036. 00
204, 109. 00
232, 163. 00
151, 129.09
UnciirT<& minor coins
Trade dollars
0, 188.42
10,591.80
3, 838. 53
4,311. 05
5, 484. 60
Specie
1,080,231.05
1, 100, 227.55
1, 123, 894.75
1, 185,920. 76
1,004,667.01
Legal-tender notes . .
TT. S. cert’s of deport.
813,977.00
690, 708. 00
940, 538. 00
985, 347. 00
831, 416. 00
ft % limd with 'fieas
18, 000. 00
18, 000. 00
18, 000. 00
15, 750. 00
18, 000. 00
Due from IJ. S. Treas
’,263.38
15,493. 38
6, 333. 38
5, 933. 38
21,709. 20
Total
10, 977,331.25
17,520, 730.07
17,844,251.67
19, 393,180. 78
19, 367, 077. 32
REPORT OF THE COMPTROLLER OF THE CURRENCY.
347
by States and reserve cities — Continued.
CJTY OF CHICAGO.
Liabilities.
DECEMBER 28.
MARCH 4.
MAY 13.
AUQ27BT 1
OCTOBER 5.
15 banks.
15 banks.
18 banks.
18 banks.
18 banks.
Capital stock
$13, 950, 000. 00
3, 308, 000. 00
1, 688, 202. 68
080, 240. 00
$13, 950, 000. 00
3, 715, 000. 00
1, 066, 554. 13
677, 750. 00
$14, 640, 000. 00
3, 885, 000. 00
1,413, 781.21
671, 535. 00
$14, 990, 000. 00
3, 987, 000. 00
1, 421, 979. 90
782, 485. 00
$15, 050, 000. 00
3, 987, 000. 00
1, 755, 143.79
817,150. 00
Undivided profits
Nat’lbank circulation
State-bank circulation
Dividends unpaid
Individual deposits. . .
2, 900. 00
40, 79$, 595. 05
147, 242. 45
3, 132. 00
44,420,413. 14
296, 696. 00
4, 352. 50
51, 401, 893. 56
299. 483. 44
7, 338. 00
48, 582, 195. 87
290, 211. 42
25, 774. 00
46, 737, 360. 76
297, 045. 85
Dep’ts ll.S.dis. officers
Due to national banks
Due to State banks. . .
16, 817, 773. 66
11,874, 017. 97
20, 707,179.41
14, 295, 600. 61
21, 386, 155. 70
13, 861, 357. 26
22, 466, 992. 14
15, 670, 251. 72
20, 529, 118. 90
14, 666, 172. 22
Total
89, 2G0, 971. 81
99, 132, 325. 29
107, 563, 558. 67
108, 210, 454. 05
103, 864, 765. 52
MICHIGAN.
97 banks.
97 banks.
97 banks.
99 banks.
100 banks.
$10, 529, 200. 00
2, 033, 253. 69
1, 690, 528. 79
3, 073, 670. 00
$10 534, 600.»0
2, 106, 715. 92
I, 204, 144. 57
2, 934, 915. 00
$10, 534, 600. 00
2, 109, 715. 92
1, 529, 579. 91
2, 861, 870. 00
$10, 644, 600. 00
2, 230, 596. 80
1, 131, 031.47
2, 685, 885. 00
$10, 674, 600. 00
2, 190, 396.80
1, 473, 786. 47
2, 673, 585. 00
Surplus fund
Undivided profits
Nat’l-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits. .
13, 704. 40
21,379,564.88
39, 168. 39
7, 263. 18
334, 857. 88
384, 773. 87
142, 749. 69
13, 628, 69
22, 040, 440. 95
43, 553. 28
953. 62
242, 936. 90
397, 461.67
305, 498. 44
10. 000. 00
8, 359. 31
22, 349, 872. 41
41, 551.19
3, 091. 90
286, 482. 60
358, 393.47
831,738. 09
32, 295. 17
23, 241, 508. 96
42, 760. 51
2, 916. 17
168,241.82
320, 959. 04
6G2, 405. 07
10, 000. 00
104, 627.72
23, 315, 420. 44
38,410. 48
5, 720. 17
346, 928. 63
407, 435. 95
731, 332. 28
40, 000. 00
Dep’ts U.S.dis. officers
Due to national banks
Due to State banks . . .
Notes re-discounted. .
Total
39, 628, 734. 83
39, 834, 849. Ot
40, 915, 254. 80
41, 173, 260. 01
42, 002, 243. 94
CITY OF DETROIT.
7 banks. 7 banks. | 7 banks.
8 banks.
8 banks.
$3, 300, 000. 00
399, 000. 00
454, 614. 98
342, 930. 00
$3, 300, 000. 00
424, 300. 00
311,019.52
336, 080. 00
$3, 300, 000. 00
427,400. 00
395, 710. 83
334, 310. 00
$3, 775, 030. 00
451,000. 00
301, 001. 06
285, 890. 00
$3, 883, 540. 06
454, 000. 00
374, 008. 84
328, 750. 00
Undivided profits
Nat’l-bank circulation
State- bank circulation
Dividends unpaid
551. 80
8,571,329.41
237, 419. 10
226, 608. 50
1, 518, 482. 59
2, 600, 940. 05
412. 50
8, 905, 965. 04
290, 758. 69
168, 245. 01
1,426, 943.13
2, 564, 963. 72
29, 536. 75
630. 00 •
9, 855, 066. 57
264, 524. 64
192, 713. 42
1, 789, 169. 35
2, 394, 605. 95
83, 549. 19
5, 735. 00
9, 684, 103. 73
193, 543. 84
241, 099. 18
1, 612, 876. 95
2, 470, 323. 15
119, 096. 63
Individual deposits. .
8, 030, 295. 88
346, 094. 96
96, 712. 97
1, 587, 933. 86
2, 399, 493. 02
20, 255. 58
Dep’ts if.S.dis.officers
Due to national banks
Due to State banks . . .
Notes re-discounted..
Bills payable
Total
16, 977, 331. 25
17, 526, 730. 97
17,844, 251.67
19,393,180. 78
19. 367,077.32
348 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 1886, arranged
WISCONSIN.
Kesources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
47 banks.
50 banks.
51 banks.
53 banks.
53 banks.
Loans and discounts.
Bonds for circulation .
Bonds for deposits. . .
U. S. bonds on hand. .
Other stocks and b’ds
Due fromres’veag’ts .
Due from nat’lbanks
Due from State hanks
Beal estate, etc
Current expenses
Premiums paid
Cash items
Clear’g-house exch’gs
Bills of other hanks . .
Uncur’t&minor coins
Trade dollars
$11, 557, 080. 56
1,462, 500. 00
100, 000. 00
108, 000. 00
609, 449. 47
2, 138, 636. 33
377, 221. 30
125, 080.46
372, 907. 91
91, 343. 25
122, 196. 33
77, 253. 03
$12, 262, 818. 54
1, 444, 000. 00
100, 000. 00
5, 300. 00
696, 188. 11
2, 038, 900. 17
434, 205. 13
111,243. 96
371, 470. 64
47, 940. 91
115,408. 00
101,044.03
$13,158,894.39
1, 363, 000. 00
150, 000. 00
6, 500. 00
644,301. 17
1, 738, 912. 65
446, 574. 72
67, 05u. 90
385, 644. 36
78, 243. 61
123, 379. 16
83,151.47
$13, 140, 060. 37
1, 406, 750. 00
150, 000. 00
5, 850. 00
604, 277. 88
2, 307, 331. 13
490, 631. 58
145, 758. 57
393, 746. 90
23, 624. 41
• 129,118.33
86, 998. 49
$13, 444, 023. 36
1, 373,000.00
150, 000. 00
11, 950. 00
615, 572.88
1,999,253.46
385,933.15
115,381.91
409, 730. 59
65, 971. 82
131, 180. 27
88, 514. 95
261,267.00
6, 206. 37
319. 20
942, 918. 14
448, 754. 00
215, 432. 00
8, 373. 97
320 00
984, 365. 23
407, 923.00
260, 217. 00
8, 200. 45
17. 00
908, 197. 77
519, 647. 00
253,461.00
9, 606. 47
246, 622. 00
8,393.04
Specie
Legal-tender notes . .
TT. S. cert’s of deposit .
& % fund with Treas .
Due from TT. S. Treas
913, 634. 41
528, 344. 00
995, 859. 66
481, 901. 00
65, 024. 36
5, 580. 54
61,478.40 | 60,132.80
5,029.70 | 5,629.70
60, 458. 50
100. 00
60, 455. 96
2, 771. 00
Total
18,871,738.25
19, 411, 441. 79
20, 007, 694. 15
20, 649, 752. 04
20, 586, 515. 05
CITY OF MILWAUKEE.
3 banks.
3 banks.
3 banks.
3 banks.
3 banks.
Loans and discounts .
Bonds for circulation
Bonds for deposits . .
IT. S. bonds on hand . .
Other stocks and b’ds
Due from res’ve ag’ts
Due from nat’l banks
Due from State banks
Real estate, etc
C urrent expenses
Premiums paid
Cash items
Clear’g-house exch’gs
Bills of other banks . .
TJncur’t&minor coins
$4, 150, 235. 87
360, 000. 00
550, 000. 00
2, 350. 00
314, 659. 14
587, 555.20
422, 053. 08
41, 212. 20
120, 000. 00
12, 782. 26
16, 835. 85
1, 895. 94
156, 591. 41
13, 852.00
3, 366. 44
$4, 142, 446. 11
360, 000 00
550. 000. 00
1,800.00
329, 629. 27
750, 459. 96
769, 560. 98
41, 450. 05
120. 000. 00
4, 749. 80
13, 186. 60
625. 93
184, 882. 99
13, 616. 00
3, 561. 49
$4, 175, 758. 07
310, 000. 00
500.000. 00
314, 194. 40
938, 620. 76
286, 764. 21
41, 901.40
120. 000. 00
12, 576. 57
22, 934. 60
663. 80
200, 669. 80
17, 081. 00
4, 925. 13
$3, 849, 261. 79
300. 000. 00
580. 000. 00
5, 050. 00
339, 873. 18
739. 176. 45
268.883.46
31, 772. 33
120. 000. 00
2, 308. 01
30, 763. 35
529. 27
130, 410. 07
21, 447. 00
2, 163. 14
$4, 332, 906. 20
300, 000. 00
580, 000. 00
4, 500. 00
369, 590.61
676, 965. 14
95, 678. 30
45, 562. 89
90, 000. 00
6, 560. 14
26, 695. 46
1, 850. 69
142, 221. 41
14,001.00
3, 392. 50
Specie
Legal-tender notes . .
TT. S. cert’s of deposit
5 % fund with Treas .
Due from TT. S. Treas-
Total
708, 834. 00
467, 876, 00
718, 843. 00
499, 834. 00
813, 502. 79
504, 507. 00
726, 520. 00
597, 556. 00
532, 678. 00
529, 015. 00
16, 200. 00
5, 000. 00
16, 200. 00
11,300. 00
13, 950. 00
2, 000. 00
13, 500. 00
5, 000. 00
13, 500. 00
7, 951,299. 39
8, 532, 146. 18
8, 280, 049. 53
7, 764, 214. 05
7, 765, 117. 34
IOWA.
126 banks.
126 banks.
126 banks.
127 banks.
128 banks.
Loans and discounts .
Bonds for circulation
Bonds for deposits . . .
TT. S. bonds on hand . .
Other stocks and b’ds
Due from res’ ve ag’ts
DuofroinnatTbanks.
Due from State banks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear’g-house exch’gs
Bills of other banks . .
Uncur’t&.minor coins
Trade dollars
Specie
Legal-tender notes . .
TJ. 8. cert’s of deposit.
!i % fund with Treas.
Duo from TT. S. Treas
Total
$22,464, 066.83
3, 315, 000. 00
350, 000. 00
109. 600. 00
902, 917. 67
2, 811, 092. 92
1, 366, 032. 95
271, 301. 76
1, 576, 211. 39
315. 467. 24
234. 478. 00
272. 091. 25
$22, 076, 818. 33
3, 173, 000. 00
350, 000.00
130, 900. 00
957, 778. 48
3, 208, 506. 02
1, 912, 340. 05
208, 490. 51
1, 582, 210. 61
152, 023. 62
250, 666. 32
237, 727. 70
$23,501,243. 66
3, 080, 500. 00
250, 000. 00
107, 050. 00
923, 698. 74
3, 035,323.43
1, 814, 064. 94
218, 311.42
1, 580, 420. 09
272, 167. 07
271, 936. 31
264, 537. 93
$22, 8-47, 872. 95
3, 063, 500. 00
150, 000. 00
100, 450. 00
898, 369. 13
3, 679, 001. 63
1,753,397.50
264, 714. 58
1, 640, 524. 77
99, 506. 35
258, 716. 42
258, 734. 64
$24, 154, 685. 11
3, 060, 500. 00
150, 000. 00
950. 00
934, 445. 40
3, 091, 454. 14
1, 502, 207. 28
263, 185. 07
1, 667, 433. 19
252, 283. 21
253,009.54
322, 28a 59
651, 889. 00
10, 907. 52
1,227.08
1, 474, 516. 67
1, 172, 231. 00
559, 479. 00
14, 486. 00
1,368.83
1,470, 743. 65
1,095, 481.00
558, 232. 00
13, 151. 75
1,110.33
1,551,472.47
1,042,910. 00
601, 267. 00
14, 519.12
50.00
1,370, 033.43
1, 044, 661. 00
546. 162.00
13, 918. 65
8.00
1, 540, 458. 28
991.435.00
145,892.81
19, 626. 86
14), 707. 00
16, 697. 53
134,749.29
16, 405.77
134, 241. 54
14,001. 17
134,817.08
11, 309. 25
37, 464, 551. 85
38, 503, 424. 65
38, 637, 285. 20
38, 193,561.23
38, 890, 549. 79
REPORT OF TIIE COMPTROLLER OF THE CURRENCY
349
by States and reserve cities — Continued.
WISCONSIN.
Liabilities.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
47 banks.
50 banks.
51 banks.
53 banks.
53 banks.
$3, 985,000.00
1, 028, 684. 36
615, 244. 37
1, 300, 318. 00
\
$4, 150, 000. 00
1,101, 668. 66
379, 950. 29
1, 275, 828. 00
$4, 230, 000. 00
1, 097, 910. 34
517, 786. 58
1, 215,648. 00
$4, 426, 000. 00
1,139,304. 13
327, 440. 37
1, 247, 638. 00
$4, 442, 000. 00
1, 143,677.72
485, 052.27
1, 225, 623. 00
Surplus fund
Undivided profits
Nat’l bank circulation
State bank circulation
Dividends unpaid
Individual deposits. . .
4, 619. 90
11,706, 652. 58
83, 333. 37
7,446. 60
33, 660. 25
70, 350. 38
36, 428. 44
2, 221. 90
12, 229, 548. 01
86,372.41
5, 362. 05
44, 537. 32
84, 574. 25
51,378.90
1, 751. 90
12, 558, 566. 69
100, 297. 26
6, 424. 85
58, 364. 59
114,714. 57
106, 229. 37
12, 222. 90
13, 070, 673. 96
112, 623. 22
7, 996. 04
88, 373. 80
103, 578. 76
93, 900. 86
20, 000. 00
1,550.00
12, 970, 629. 95
118,637.40
7, 366. 29
49, 810. 14
91, 617. 03
50, 551. 25
Dep’ts tf.S.dis. officers
Due to na tional banks
Due to State banks. . .
Notes re-discounted..
Total
18, 871, 738. 25
19,411,441. 79
20, 007, 694. 15
20, 649, 752. 04
20, 586, 515. 05
CITY- OF MILWAUKEE.
3 banks. -
3 banks.
3 banks.
3 banks.
3 banks.
$650, 000. 00
390, 000. 00
206, 112. 46
309, 000. 00
$050, 000. 00
390, 000. 00
170, 621. 11
324, 000. 00
$650, 000. 00
390, 000. 00
194, 451, 90
279, 000. 00
$650, 000. 00
390, 000. 00
151,951. 49
270, 000. 00
$650, 000. 00
390, 000. 00
174, 734. 97
270, 000. 00
Undivided profits
'Nat’l bank circulation
Stale bank circulation
Dividends unpaid
Individual deposits. ..
4, 675, 473. 98
375, 541. 13
132, 271. 58
89', 974. 12
260,392.55
53, 530. 57
5, 109 409.49
219, 027. 95
273, 346. 79
1, 040, 235. 50
355, 445. 34
4, 884, 938. 08
288, 537. 75
150, 443. 70
1, 105, 902. 20
330, 775. 90
4,299, 791.82
272, 759. 46
179, 552. 53
1, 108,463.85
335, 637. 40
108, 057. 50
4,292,772. 96
296, 694. 64
219, 000. 71
962, 366. 36
401, 490. 20
108, 057. 50
Dep’ts if.S.dis.ofticors
Due to national banks
Due to State banks. . .
Notes re-discounted..
Bills payable
Total
7, 951, 299. 39
8, 532, 146. 18
8, 280, 049. 53
7, 764, 214. 05
7, 765, 117. 34
IOWA.
126 banks.
126 banks.
126 banks.
127 banks.
128 banks.
Capital stock
$10,140, 000. 00
$10, 075, 000. 00
$10,080,000. 00
$10, 155, 000. 00
$10, 150, 000. 00
Surplus fund
2, 441,311.35
2, 525, ‘004. 50
1,017,440.49
2, 532, 100. 63
2,591,220.15
2,572, 730.15
Undivided profits
1,493,824 02
1 , 245, 158. 98
870, 752. 09
1, 180, 045. 74
Xat’l bank circulation
State bank circulation
2, 950, 503. 00
2,811,233.00
2, 736, 633. 00
2, 699, 163. 00
2, 713, 623. 00
Dividends unpaid
26. 061. 20
27, 267. 82
21, 716. 17
31,550.84
19,773. 50
Individual deposits. .
17, 518, 945. 06
18, 793, 310.70
18, 877, 423. 46
18, 700, 415. 38
19, 284, 697. 83
U. S. deposits
216,710.91
242, 105. 29
170, 541. 22
80, 037. 24
53,961.47
Dcp’ ts U.S.dis. officers
92, 303. 10
68, 563. 21
59, 036. 33
JO, 215. 25
75, 552. 48
Due to national banks
876, 709. 52
1, 050, 285. 33
1,088,278. 40
1,010, 449.54
940. 102. 08
Dueto State banks...
1, 397, 756. 39
1, 635, 648. 00
1, 571,090. 36
1,590, 030.48
1, 024, 951. 05
Xotes re-discounted . .
292,427.27
206, 566. 31
249, 706. 65
385, 727. 26
259, 112. 49
Bills payable
18,000. 00
15, 000. 00
5, 000. 00
20, 000. 00
10, 000. 00
Total
37,404,551.85
38, 503, 424. 65
38, 637, 285. 20
38,193, 561.23
38, 809, 549. 79
350 REPORT OP THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since October 7, 188G, arranged
MINNESOTA.
Resources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
B4 hanks.
55 hanks.
57 hanks.
57 hanks.
58 hanks.
Loans and discounts.
Bond s for circulation .
Bon Is for deposits . .
IT. S. Bonds on hand . .
Other stocks and b’ds
Due from res’veag’ta.
Duo fromnat’l hanks
Duo from Stato banks
$33, 204,155.27
1, 827, 750. 00
525, 000. 00
5, 400. 00
633, 093. 55
2, 057, 901. 51
1,441,313. 80
518,652. 65
1, 462, 391. 48
215, 340. 84
211,205. 53
342, 118. 24
242. 915. 00
510. 289. 00
4, 898. 19
25y. 00
1,870,645.47
1, 004, 884. 00
$33, 546, 255. 76
1, 877, 750. 00
600, 000. 00
400. 00
632, 122. 95
4, 195, 465. 47
1, 507, 968. 70
501, 912. 54
1, 444, 937. 37
191,112. 69
220, 591. 48
638, 682. 44
$35, 802, 793. 43
1, 849, 750. 00
650, 000. 00
500. 00
645, 567. 84
3,721,661.98
1, 283, 388. 09
483, 849. 70
1, 461, 708. 64
291, 626. 20
245, 922. 05
683, 227. 40
$36, 803, 944. 27
1, 832, 250. 00
750, 000. 60
500. 00
580, 213. 83
4, 039, 307. 83
2, 113, 796. 70
419,193.73
1, 558, 772. 77
89, 112. 06
242, 785. 23
1, 060, 226. 67
$38, 056, 769. 79
1, 881, 050. 00
750, 000. 00
5(0. 00
681,908.44
3, 540, 734. 92
1,718, 185.54
790, 057. 83
1,661,461.81
175, 696. 76
280, 785. 68
905, 994. 12
Current expenses
Clear’g-house exch'gs
Bills of other hanks. .
Uncur’tfc minor coins
Trade dollars
302, 184. 00
7, 082. 93
253. 00
2, 033, 279. 58
798, 547. 00
327. 327. 00
8, 823. 58
71.00
2, 355, 319. 53
798. 409. 00
821,870. 00
11, 804. 73
59. 00
2, 564, 974. 71
1,151,945. 00
491, 407. 00
10, 419. 74
4.00
2, 387, 277. 59
966, 060. 00
Specie
Legal-tender notes . .
U . S. cert’s of deposit .
5% fund with Treas .
D ue from U. S. Treas .
Total
82, 143. 93
24, 651. 53
80, 926. 18
28, 531. 69
79, 692. 87
18, 155. 90
82, 418. 68
6, 813. 74
78, 318. 68
15, 670. 65
46, 844, 999. 99
48, 608, 003. 78
50, 707, 794. 21
54,129, 988. 95
54, 395, 302. 55
MISSOURI.
39 hanks.
40 hanks.
32 hanks.
34 banks.
35 hanks.
Loans and discounts .
Bonds forcirculation
Bonds for deposits. ..
U. S. bonds on hand. .
Of her stocks and b’ds
Duo from res' ve ag’ts
Duo fromnat’l hanks
Due from State banks
Real estate, etc
Current expenses ...
Premiums paid
Cash items
Clear’g housoexch’gs
Bills of other hanks. .
Uncur’t& minor coins
Trade dollars
$14, 088, 985. 30
1, 194, 600. 00
250, 000. 00
5, 900. 00
601,611.45
2, 122, 852. 80
439, 016. 66
695, 775. 07
386, 264. 08
134, 310. 43
146, 276. 02
90, 591. 30
339, 663. 28
565, 845. 00
1,617. 87
782. 00
1, 189, 846. 50
749, 128. 00
$15, 677, 341. 63
1, 229, 600. 00
300, 000. 00
8, 800. 00
593, 966. 54
2, 960, 726. 05
964, 607. 40
1, 203, 007. 97
385, 067. 29
72, 561.81
175, 135. 68
125, 030. 58
503, 924. 22
830, 110. 00
6, 654. 12
759. 00
1,240, 333.01
1, 004, 999. 00
$4, 959, 318. 67
787, 750. 00
$4,771,433. 53
770, 250. 00
$5, 055, 708. 34
782, 750. 00
5,100.00
463, 487. 86
782, 039. 57
108, 052.68
135, 107.13
247, 822. 47
08, 865. 48
66, 765. 28
46, 524. 51
5, 100. 00
471, 794. 98
1, 169, 300. 53
176, 223. 32
123, 022. 55
267, 679. 21
22, 128. 94
69, 359. 49
40, 254. 19
5, 300. 00
493, 320. 34
949, 742. 18
125, 372. 51
111,098. 78
282, 900. 34
45, 401.51
72, 276. 99
54, 203. 73
187, 410 00
1, 686. 83
90. 00
307, 586. 58
270, 341. 00
227, 935. 00
1, 321. 56
186. 515. 00
1, 980. 14
Specie
Legal-tender notes . .
U. S. cert’s of deposit
5 % fund with Treas
Due from U. S. Treas.
Total
314, 084.18
288, 034. 00
324, 023. 18
302, 143. 00
53, 050. 75
250. 00
53, 071. 25
1,910. 00
34, 918. 75
34,571.25
550. 00
35, 213. 25
4, 365. 99
23, 056, 360. 51
27, 397, 611. 55
8, 473, 472. 81
8, 753, 048. 73
8, 832, 315. 28
CITY OF SAINT LOUIS.
5 hanks.
5 hanks.
5 hanks.
5 hanks.
5 hanks.
Loans and discounts.
Bonds for circulation
Bonds for deposits . .
U. S. bonds on hand . .
Other stocks and b’ds
Due from res’ve ag’ts .
Duo from nat’l hanks
Due from State hanks
Real estate, etc
Current expenses
Premiums paid
Cash items
Clear’ g-honse exch’gs
Bills of other hanks. .
TTncur’f &. minor coins
$9, 378, 484. 34
810, 000. 00
500, 000. 00
89. 750. 00
553,118. 50
1, 321, 473. 25
791, 461.86
256, 183. 10
274, 053. 63
76, 190. 52
50, 372. 68
39, 552. 47
381,378. 02
93.415. 00
2, 665. 45
$9, 239, 319. 99
760, 000. 00
450, 000. 00
5, 100. 00
515,408.50
1, 784, 147. 06
918, 920. 27
303, 862. 24
283, 487. 25
67, 005. 47
41,581.00
42, 526. 15
644, 075. 80
186, 009. 00
1, 618. 29
$8,616,511.09
750, 000. 00
450, 000. 00
1,500. 00
546, 031. 18
$9, 793, 360. 79
710, 000. 00
450, 000. 00
2, 000. 00
955, 903. 00
$10, 400, 404. 07
710, 000. 00
450, 000. 00
2, 100. 00
939, 753. 00
2, 888, 976. 91
198, 384. 39
283, 595. 96
75, 058. 55
110, 051.88
62, 933. 88
916, 623. 44
304, 497. 00
4, 647. 15
3 521,858. 18
189, 084. 80
285, 456. 34
45, 702. 08
111,083.13
40,690. 53
596, 775. 59
111, 104.00
2, 896. 22
1, 406, 815. 78
143, 467. 58
285, 494. 29
112,108.18
111,211.99
33, 666. 64
535, 892. 39
78, 014. 00
2, 023. 30
Specio
Legal-tender notes . .
U. S. cert's of deposit
Si % fund with Treas
Due from U. S. Treas
Total
976, 837. 97
085, 834. 00
30, 000. 00
86, 445. 00
1,000. 00
1,122, 72?. 27
1, 088, 488. 00
140, 000. 00
33, 065. 00
4, 000. 00
1,499,188.12
1, 618, 402. 00
140,000. 00
88, 745. 00
3, 000. 00
1, 655, 550. 57
1, 630, 279. 00
140, 000. 00
31, 945. 00
7, 000. 00
1,338,010.44
1,212, 870.00
140, 0(K). 00
81,045.00
0, 000. 00
16, 617, 715. 79
17,581,331.29
18, 533, 146. 65
19, 283, 249. 23
17,040,445. 06
REPORT OF THE COMPTROLLER OF THE CURRENCY,
351
by States and reserve cities — Continued.
MINNESOTA.
Liabilities.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
51 banks.
55 banks.
57 banks.
57 banks.
58 banks.
Capital stork
$12, 413, 000. 00
$12, 716, 200. 00
$13, 377, 680. 00
$13, 535, 000. 00
$13, 740, 000. 00
S ii plus fund
2, 192, 278. 87
2, 299, 052. 39
2, 300, 052. 39
2, 378, 052. 39
2, 380, 452. 39
Undivided profits
1,854,403. 80
1, 278, 451. 00
1, 692, 853. 03
1, 307, 383. 93
l, 756, 325. 17
N at ’l bank circulation
Suite-bank circulation
1, 622, 130. 00
1, 623, 020. 00
1, 602, 995. 00
1,031,135. 00
1, 675, 725. 00
Dividends unpaid
8, 415. 14
16, 332. 59
5, 565. 34
52, 971. 34
10, 150. 34
Individual deposits. ..
U. S. deposits
Dep’ts u.S.dis.oflicors
22, 342, 363.17
23, 959, 403. 31
25, 242, 762. 46
28, 092, 601.34
27, 037, 970. 02
106,370. 04
269, 701.40
336, 666. 42
341, 359. 53
249, 258. 80
367, 949. 22
244, 179. 09
235, 032. 48
236, 294. 60
387, 217. 66
Due to national banks
2, 463, 844. 74
2, 508, 987. 95
2, 226, 416. 99
2, 788, 682. 69
2, 091, 672. 93
Duo to State banks. . .
2, 217, 346. 64
2, 018, 114. 01
2, 193, 748. 04
2, 868, 933. 74
2, 783, 054. 72
Notes re-discounted..
1, 236, 832. 37
1, 054, 5G1. 44
1, 431, 022. 06
833, 574. 39
1,621, 975.46
Bills payable
20, 000. 00
20, 000. 00
63, 000. 00
64, 000. 00
55, 500. 00
Total
46, 844, 999. 99
48, 608, 003. 78
50, 707, 794. 21
54, 129, 988. 95
51, 395, 302. 55
MISSOURI.
39 banks.
40 banks.
32 banks.
34 banks.
35 banks.
Capital stock
$5, 831, 000. 00
$6, 131, OuO. 00
$2, 331,000. 00
$2, 431, 200. 00
$2, 517, 280. 00
Surplus fund
754, 731. 97
855, 462. 79
538, 762. 79
556, 097. 48
554, 447. 48
Undivided profits
000, 406. 60
423, 258. 55
298, 792. 06
196, 118. 63
278, 484. 19
X at '1-bank circ-u lation
1, 074, 325. 00
1, 058, 025. 00
707, 215. 00
690, 085. 00
694, 615. 00
Dividends unpaid
50, 554. 00
2, 476. 00
342. 00
2, 389. 00
544. 00
Individual deposits . - .
10, 686, 373. 82
13, 555, 527. 12
4,434,581.26
4, 729, .147. 16
4, 628, 242. 37
204, 142. 10
201, 623. 10
Dop’ ts LkS.dis. officers
25, 651. 56
10, 946. 80
Due to national banks
1,243, 006. 93
1, 872, 664. 97
14, 434. 85
19, 186. 37
36, 783. 48
Due to State banks. . .
2, 272, 547. 91
' 3, 123, 842. 21
41,447.97
58, 344. 39
62, 098. 88
Notes re-discounted. .
228, 566. 33
157, 784. 95
106, 898. 88
65, 480. 70
44,819. 88
Bills pavable
25, 000. 00
5, 000. 00
5, 000. 00
15, 000. 00
Total
23, 056, 360. 51
27, 397, 611. 55
8, 473,472.81
8, 753, 048. 73
8, 832, 315. 28
CITY
OF SAINT LOUIS.
5 banks.
5 Banks.
5 banks.
5 banks.
5 banks.
Capital stock
$3, 000, 000. CO
$3, 000, 000. 00
$3, 000, 000. 00
$3, 000, 000. 00
$3, 000, 000. 00
Surplus fund
1, 052, 530. 46
1, 065, 000. 00
1,065, 000. 00
1,070, 000. 00
1,070, 000.00
Undivided profits
362, 907.42
280, 310. 29
365, 349. 15
318, 328. 35
462, 396. 67
Nat’l-liank circulation
726, 990. 00
684, 000. 00
670, 800. 00
G31, 140. 00
637, 750. 00
•
Dividends unpaid
19, 030. 18
19, 911.18
23, 650. 18
25, 902. 43
11,858.93
Individual deposits. .
6, 056, 703. 50
6, 851. 016. 58
7, 463, 782. 02
7, 372, 523. 08
6, 564, 108. 34
U. S. deposits
387, 025. 29
375, 684. 91
388, 589. 90
375, 749. 15
375, 749. 15
Duo to national banks
2, C2G, 461. 95
2, 946, 974. 79
3, 035,079.52
3, 272, 030. 43
2, 067, 151. 10
Due to State banks. . .
2, 122,116. 80
2,224,005.33
2, 520, 835. 78
3, 214, 569. 79
2, 843, 140. 09
293,284.19
134,422.21
308, 291,38
Total
16, 647, 715. 79
17, 581, 331.29
18,533, 116.55
19, 283, 249. 23
17,940, 445. 66
352 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7? 1880, arranged
KANSAS CITY.
Resources.
DECEMBER 28.
MARCH 4.
MAT 13.
AUGUST 1.
OCTOBER 5.
— banks.
— banks.
6 banks.
6 banks.
8 banks.
Loans and discounts
Bondsforcirculation.
$10, 834,113.16
300, 000. 00
150, 000. 00
57, 500. 00
138, 476. 58
3, 109, 235. 63
651, 832. 11
709, 609. 22
114, 870. 42
$11, 830, 515. 09
300, 000. 00
200, 000. 00
11,750.00
174 046. 58
$14, 493, 375. 15
400, 000. 0(1
200, 000. ( 0
900. 00
272, 550. 85
2, 252, 803. 90
560.309.51
762. 95
359. 252. 86
31 301 60
Other stocks and b'ds
2, 0(57! 741. 00
273 755. 24
Due from nat’lhanks
Due from State banks
570, 972. 1G
205, 854. 55
38, 489. 59
87, 742. 42
23, 820. 24
473, 409. 84
998,315. 00
2, 439. 77
320. 00
43, 287. 74
100, 763. 17
‘>8, 342. 79
lv2, 480. 05
25, 869. 34
514 094 80
Clear’ "-house exch’gs
524i 971. 19
392,611.00
3, 494. 97
409, 459. 00
3, 910. 86
5. 00
1,486, 764. 10
1, 426, 755. 00
Uncur’t& minor coins
1, 393, 645. 19
1, 362, 844. 00
1, 452, 610. 07
1, 181,500.00
U. S. cert’s of deposit.
13, 600. 00
13, 500. 00
850. 00
15, 750. 00
3, 220. 00
Due from U. S. Treas.
Total
20, 460, 163. 17
19, 385, 566. 14
23, 582, 653. 56
CITY OF SAINT JOSEPH.
— banks.
— banks.
2 banks.
2 banks.
2 banks.
$1, 932, 801.58
123, 060. 00
$1,791 412.05
$1, 949, 981. 66
157, 550. 00
300, 000. 00
124, 950. 00
150, 000. 00
150; 000. 00
U. S. bonds on hand . .
654. 88
054. 88
654. 88
Due from res’ voag’ts
294, 656. 57
73,711.16
443, 300. 22
124, 376. 34
29, 353. 19
26, 929. 20
2, 925. 84
32, 775. 62
297, 746. 14
86i 380. 87
28, 603. 22
85, 420. 94
26, 929. 20
12, 073. 64
25, 588. 75
19, 240. 51
12, 399. 21
10, 250. 00
316. 75
2<>; 929. 20
7, 631. 04
40, 653. 12
Current expenses
Cash items
24’ 855. 70
17, 000. 32
Clear’g-house exch’gs
Bills of other banks . .
33i 605. 22
14, 384. 00
813. 77
27, 929. 51
6, 808. 00
881. 98
Uucur’t& mi nor coins
122, 622. 95
157, 022. 00
127, 617. 75
185, 500. 00
156, 384. 15
210,710 00
Legal-tender notes . .
U. S. cert’s ofdoposit.
5 % fund with Treas -
Due from U. S. Treas
5, 535. 00
5, 622. 50
5, 667. 50
Total
3, 052, 873. 14
3, 119, 082. 28
3. 321, 511. 59
KANSAS.
107 banks.
110 banks.
115 banks.
126 banks.
139 banks.
Loans and discounts
Bonds for circulation.
Bonds for deposits ..
U. 8. bonds on band . .
Other stocks and b'ds
Duo from rcs’voag’ts
Due from nat’lbanks
Due from Stato banks
Real estate, etc
Current expenses
Premiums paid
$16, 263, 359. 30
2,067,000 00
470, 000. 00
21, 350. 00
183, 490. 83
1, 531, 485. SI0
1, 459, 509. 98
515, 653. 67
1, 003, 317. 12
262, 920. 17
240, 687. 25
179,684.16
$17,402,505.23
2. 092, 000. 00
450, 000. 00
9, 050. 00
184, 562. 61
2, 211, 632. 15
1, 961, 004. 92
605, 425. 90
1. 093, 558. 82
143, 203. 91
272, 912. 95
227, 618. 45
$18,615, 091.30
2, 205, 250. 00
450, 000. 00
35, 350. 00
255, 050. 05
3, 951, 578. 89
1, 225, 879. 90
735, 905. 94
1, 165, 740. 74
215,419.92
306, 205. 39
251, 795. 42
$19,951,213.81
2, 452, 000. 00
475, 000. 00
10, 850. 00
SQL 480. 70
3, 347, 448. 58
954, 264. 42
653,448.61
1, 248, 333. 54
136, 492. 84
839, 346. 87
295, 940. 00
$21,306, 633. 63
2, 748, 250. 00
525, UU0. 00
11, 950. 00
808, 978. 76
2, 731,615. 85
1, 168, 000. 84
330, 689. 77
1, 372, 214. 77
187. 409. 17
394,411.60
294, 205. 94
Clear’ g-houso exch’gs
Bills of other banks..
TTncur't& minor coins
728, 309 00
6, 028. 45
6. 00
1, 360, 840. 53
878, 984. 00
807, 879. 00
7, 992. 61
161.00
1, 203, 050. 20
1,019, 981. 00
925, 705. 00
8, 946. 09
6. 00
1,444,219. 08
1, 262, 180. 00
715, 430. 00
8,915.21
6. 00
1,403, 250.43
1,207,416. 00
703, 347. 00
9, 426. 42
Specie
Legal-tender notes . .
If. S. eert's of deposit
5 % fund with Treas
Duo from U. S. Treas
1, 460, 157.51
• 1, 208, 267. 00
89, 447.41
7, 750. 80
91,415. 31
10, 289. 73
92, 992. 99
3, 882. 39
104, 237. 73
7,311. 51
115, 178. 50
12, 301. 34
Total
27, 269, 784. 52
29, 794, 243. 79
33, 160, 636. 00
88,611,892. 94
34,948, 098.10
REPORT OP THE COMPTROLLER OP TIIE CURRENCY. o53
by States and reserve cities — Continued.
KANSAS CITY.
Liabilities.
DECEMBER 28.
MARCH 4.
MAT 13.
AUGUST 1.
OCTOBER 5.
— banks.
— banks.
0 banks.
C banks.
8 banks.
$3, 800, 000. 00
222, S00. 00
302, 093. 70
209, 4 SO. 00
$3, 800, 000. 00
397, 500. 00
239, 499. 82
270, 000. no
$5, 910, 000. 00
437, 000. 00
267, 129. 10
315, 000. 00
Nat'l bank circulation
Slate bank circulation
40. 00
9, 172, 014. 02
121, 889. 81
3, 481. 4 4
3, 094, 514. 05
3, 443,019.49
50.00
• 9,018,827.80
108, 228. 44
12, 098. 91
2, 459, 808. 22
3, 019, 552. 95
Individual deposits . .
10, 364,315.64
174, 292. 60
3,156. 96
2, 734, 269. 58
3, 347, 489. 63
Dep’ts U.S.dis.officers
Due t o national banks
Total
20, 460,163.17
19, 3S5, 560. 14
23, 582, 653. 56
CITY OF SAINT JOSEPH.
— banks.
— banks.
2 banks.
2 banks.
2 banks.
$300,000 00
100, 000. 00
31, 305. 70
110, 700. 00
$300, 000. 00
106, 000. 00
9, 363. 97
112, 450. 00
$300, 000. 00
106, 000. 00
34, 877. 98
119, 350. 00
Nat’l bank circulation
State bank circulation
Dividends unpaid
1, 847, 107. 00
121, 184.54
14, 522. 07
143, 838. 83
371, 045. 00
13, 000. 00
1,748, 420. 53
118, 545. 48
9, 475. 50
183, 046. 99
521, 779. 81
10, 000. 00
1, 905, 825. 66
219, 488.59
14, 235. 90
197, 300. 32
414, 433. 14
10, 000. 00
Dep’ts U.S.dis.officers
Due to national banks
Due to State banks
Notes re-discounted. .
Bills payable
Total
3, 052, 873. 14
3, 119, 082. 28
3, 321, 511. 59
KANSAS.
107 banks.
110 banks.
115 banks.
126 banks.
139 banks.
Capital stock
$7, 237, 100. 00
$7, 757, 400. 00
$8, 070, 100. 00
$9, 150, 900. 00
$10, 530, 800. 00
Surplus fund
Undivided profits
1, 097, 937. 43
1, 255, 195. 99
1, 259, 980. 99
1,467, 456. 95
1,434, 520. 96
1, 143, 880. 13
684, 290. 02
997, 167. 39
672, 751. 64
070, 042. 52
Natl bank circulation
State bank circulation
1, 753, 630. 00
1, 784, 040. 00
1, 860, 765. 00
2, 080, 445. 00
2, 295, 210. 00
Dividends unpaid
6, 520. 79
4, 157. 35
0,323.37
15, 354. 87
28, 042. 12
Individual deposits. . .
14, 033, 814. 55
10,216, 452.47
18, 910, 116.25
18, 530, 431. 84
17, 741, 267. 53
IT. S. deposits
Dep’ts U.S.dis.officers
177,156.41
185,473.07
163,510. 57
223, 795. 64
228, 833. 28
241, 722. 00
194, 430. 47
227, 488. 51
209, 703. 61
249, 108. 71
Due to national banks
286, 9S7. 38
3G3, 7G5. 19
514,916. 85
252, 484. 50
276, 210. 16
Due to State banks. . .
237, 020. 85
203, 605. 14
482, 222. 24
455, 167. 25
490, 132. 97
Notes re-discounted..
934, 908. 57
1, 035, 138. 82
620, 992. 48
516, 051. 04
655, 894. 83
Bills payable
119, 046. 41
50, 288. 07
37, 046.41
25, 350. 00
48, 035. 02
Total
27, 269, 7 84. 52
29, 794, 243. 79
33, 150, 630. 00
33, 611, 892. 94
34, 948, 098. 10
8770 CUR 87 23
354 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 1886, arranged
NEBRASKA.
■Resources.
DECEMBER 28.
MAKCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
92 banks.
96 banks.
98 banks.
94 banks.
95 banks.
Loans and discounts
Bonds for circulation -
Bonds for deposits . -
$19, 669, 930. 47
1, 808, 500. 00
550, 000. 00
$20, 234, 700. 59
1,839, 500. 00
550, 000. 00
10, 000. 00
247, 734. 39
2, 865, 259. 98
1, 636, 369. 24
617,413. 93
1,255, 806.31
225, 703. C9
228, 191.78
433, 179. 73
153, 245. 60
282. 429. 00
9, 081. 79
2, 067. 60
1, 252, 586. 55
741, 364. 00
$21. 305, 500.
1, 824, 000. 00
550, 000. 00
$13,069, 589. 82
1,509, 000. 00
$13, 80S, 399.25
1, 504, 000. 00
Other stocks and b’ds
Due from res’ voag'ts
Duo from nat’l banks
Duo from State banks
Real estate, etc
Currentexpenses
Premiums paid
Cash items
Clear' g-house exch'gs
Bills of other banks . .
Uneur’t&minor coins
Trade dollars
Specie
Legal-tender notes ..
IT. S. cert’s of deposit
5 % fund with T’reas.
Due from U. S. Treas .
Total
277, 027. 32
1, 724, 773. 45
1, 098, 804. 15
533, 390. 82
1, 230, 883. 25
241, 899. 31
211,022. 53
416,531.72
131,846.21
377, 965. 00
6, 948. 08
1, 021. 00
1, 200, 041. 18
851,834. 00
210, 270.18
2, 800, 244. 89
2, 167, 609. 90
922, 701. 51
1, 271,567.76
245, 553. 84
245, 320. 20
356, 447. 65
196, 363. 53
494, 525. 00
8, 518. 37
1,285. 00
1,928, 833. 56
1, 049, 098. 00
136,115.14
1, 940, 703. 14
705, 709. 84
122, 592. 84
962,110. 08
96, 080. 86
163, 068. 95
210, 350. 38
160, 333. 00
6, 066. 43
138. 00
779, 526. 95
334, 765. 00
181.432. 72
1, 347, 086. 41
533, 682. 36
103, 639. 61
968,199. 06
147, 199. 44
167, 727. 05
241. 125. 72
125. 188. 00
6, 853. 02
767, 474. 22
328. 188. 00
81, 408. 75
1, 802.45
80, 267. 75
5, 389. 35
80, 865. 25
6, 775. 00
66, 766. 25
2, 360. 60
67, 665. 25
2, 330. 17
30, 475, 695. G9
32, 670, 351. 28
35, 665, 480. 52
20, 265, 876. 68
20,300,190.28
CITY OF OMAHA.
— banks.
— banks.
— banks.
8 banks.
8 banks.
Loans and discounts
$8, 736, 720. 46
350, 000. 00
550, 000. 00
$0, 133, 479. 76
350, 000. 00
550, 000. 00
Bonds for deposits. . .
Other stocks and b’ds
133, 128. 61
1, 497, 340. 87
564, 483. 88
918, 359. 57
174,474.62
Due from res' vo ag’ts
1, 353,' 81 1.45
534, 547. 68
576, 540. 09
405, 840. 45
35,711.41
79, 555. 61
Due from nat’l banks
Duo from State banks
Keal estate, etc
382j 940. 25
35, 427.00
Current expenses
Premiums paid
82, 686. 76
151,352. 64
219, 657.41
Cash items*.
100; 946. 75
162, 127. 94
Clear'g-house exch’gs
Bills of other banks. .
336, 792. 00
3, 482. 71
150, 770. 00
2, 954.47
Uncur't& minor coins
Trade dollars
Specio
1, 332, 505. 84
901,191.00
947, 444. 91
905, 694. 00
Legal-tender notes . .
U. S. cert's of deposit.
!i % fund with Treas.
Duo from IT. S. Treas
14, 550. 00
20. 00
14, 400. 00
Total
16, 210, 639. 06
15, 478, 298. 44
COLORADO.
27 banks.
27 banks.
28 banks.
31 banks.
31 banks.
Loans and discounts.
Bonds for circulation.
Bonds for deposits . .
U. S. bonds on hand. .
Other stocks and b’ds
Duo from res’vo ag’ts
Due from nat’l banks
Due from State banks
Keal estate, etc
$10, 272,123.19
1, 004, 700. 00
700, 000. 00
51 . 000. 00
736, 321. 65
2, 070, 901. 06
1,537, 261.09
426, 592. 40
379,743.10
117,091.79
164,983. 55
90, 739. 03
190, 870. 90
314, 739. 00
1,678.72
$10,384, 625. 54
984, 700. 00
700, 000. 00
28, 000. 00
755, 119. 94
2, 498, 913. 42
1, 638, 756. 12
548,313. 67
386, 804. 15
79, 735.31
179,880. 43
45, 658. 32
274, 889. 10
327, 573. 00
1, 788. 38
$11,493, 330. 8C
92 G, 500. 00
800, 000. 00
16, 000.00
741, 392. 48
2, 701, 766. 94
2, 059, 562. 83
632, 354. 32
369, 807. 84
89, 309. 31
J91, 879. 05
74, 847. 82
252, 069. 92
355, 350. 00
2, 092. 67
$11, 883, 289. 13
989, 000, 00
800, 000. 00
10, 000. 00
790,224.41
3, 195, 383. 09
1, 704, 729. 73
655, 522. 40
365, 850. 89
57, 7.53. 21
196. 152 40
82, 753. 48
239, 263. 91
557, 752. 00
4, 7.50. 03
$12,401,669. 9t
989, 000. 00
900, 000. 00
16, 000.00
825, 099. 93
3, 324, 235. 19
1,805.264.39
673, 863. 77
377,221.63
74 008.84
192, 928.99
68, 362. 56
201, 780. 67
423, 495. 00
4, 079. 33
Current expenses
Premiums paid
Cash items
Clear’g-house exch’gs
Bills of other banks. .
Uneur’t&minor coins
Trade dollars
Spocie
1, 047, 255. 67
849, 230. 00
1, 274, 639. 50
796, 627. 00
1,257,641. 11
874, 722. 00
1, 345, 259. 48
915, 570. 00
1,422, 989. 47
890, 621.00
Legal-tender notes . .
U. S. cert's of deposit
ft % fund with Treas.
Duo from U. S. Treas.
Total
45, 110. 50
10, 052. 54
43, 820. 70
6, 221. 17
40, 067. 00
10, 266. 17
42, 817. 00
14, 303. 30
43, 942. 00
, 18, 203. 03
20, 010, 394. 79
20, 956, 078. 75
22, 891, 050. 86
23, 925, 384. 30
24, 712, 831. 69
Total
REPORT OF THE COMPTROLLER OF THE CURRENCY. 355
by States and reserve cities — Continued.
NEBRASKA.
Liabilities.
DECEMBER 28.
MAUCII 4.
MAY 13.
AUGUST 1.
OCTOBER 5
92 banks.
96 banks.
98 banks. •
94 banks.
95 banks.
Capital stock
Surplus fund
Undivided profits
Nati-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits . .
$7, 535, 000. 00
1.220. 413.00
1, 013, 811. 58
1.658.815. 00
$7, 750, 000. 00
1, 391, 029. 67
596, 945. 22
1, 610, 330. 00
$8,160, 000. 00
1,395,340. 43
735, 600. 05
1,635, 380. 00
$5, 933, 200. 00
892, 880. 79
351, 082. 88
1,332, 980. 00
$6, 006, 100. 00
912, 497. 70
514, 339. 88
1,345,220. 00
263. 00
13,513, 210.10
184, 208.44
320, 682. 44
1, 969, 838. 08
1, 374, 975. 52
1, 594, 677. 87
89, 800. 00
1,618. 50
15, 476, 653. 31
213, 894.64
257, 959. 52
2,210,433. 11
1, 709, 163. 84
1, 432, 294. 07
20, 029. 40
5, 705. 00
17, 877, 700. 54
275, 263. 86
211,060.41
2, 385, 721. 97
2, 174, 012. 32
796, 735. 94
12, 900. 00
9, 868. 60
10, 292, 750. 53
9, 091. 50
9, 964, 472. 02
Dep'ts U.S.dis.officers
Duo to national banks
Duo to State banks . .
Notes re-discounted..
Bills payable
Total
463, ICO. 18
473, 289. 88
511, 663. 82
5, 000. 00
351, 222. 96
381, 068. 29
791, 077. 93
24, 500. 00
30, 475, 695. 09
32, 670, 351. 28
35, 665, 480. 52
20, 265, 876. 68
20, 300, 190. 28
CITY OF OMAHA.
— banks.
— banks.
— banks.
8 banks.
8 banks.
Capital stock
$2, 400, 000. 00
570, 500. 00
147; 631. 02
315, 000. 00
$2,400, 000.00
571, 500. 00
160, 297. 09
314, 500. 00
Surplus fund
Undivided profits
Nati-bank circulation
State-bank circulation
Dividends unpaid
610. 00
7, 818, 437. 31
281, 696. 52
215,780. 98
2, 523, 043. 56
1, 937, 939. 07
1, 474. 00
7, 893. 212. 85
800, 850. 03
260, 077. 84
1, 856, 665.13
1,421,529. 79
285, 591. 71
Individual deposits ..
U. S. deposits
Dep’ts U.S.dis.officers
Due to national banks
Due to State banks. . .
Notes re-discounted. .
Bills payable
Total
16, 210, 639. 06
15, 478, 298. 44
COL OR ADO.
27 banks.
27 banks.
28 banks.
31 banks.
31 banks.
Capital stock
$2, 435, 000. 00
850. 800. 00
769, 454. 00
894. 120. 00
$2, 435, 000. 00
900, 500. 00
604, 051. 16
878, 140. 00
$2, 495, 000. 00
902, 500. 00
694, 840. 58
803, 720. 00
$2, 690, 000. 00
928, 000. 00
684,060.49
829, 230. 00
$2, 751, 850. 00
929, 000. 00
812, 166. 55
880, 330. 00
Surplus fund
Undivided profits
Nati-bank circulation
State-bank circulation
Dividends unpaid
Individual deposits. . .
U. S. deposits
30, 505. 00
12, 564, 859. 37
501,268.85
122, 119. 70
880, 080. 57
963, 187. 30
5, 000. 00
991. 00
13,372, 180. 48
492, 738. 82
117, 210. 82
981, 649. 15
1,143, 459. 23
30, 158. 09
6, 961. 00
14, 812,105. 50
532, 546. 07
110, 872. 16
1, 396, 631. 54
1, 090, 231. 01
46, 543. 00
3, 061.00
15, 430, 272. 65
607, 703. 12
92, 783. 04
1, 564, 064. 10
1,071, 680. 39
24, 529. 57
2, 953. 00
15, 819, 553. 77
636,582 51
110,076. 93
1,410,804. 70
1, 338, 139. 80
9, 271.48
102. 95
Dep’ts if. S.dis. officers
Due to national banks
Due to State banks. .
Notes re-discounted..
Bills payable
Total
20,016, 394. 79
20, 956, 078. 75
22, 891,950. 86
23, 925, 384. 36
24,712, 831. 69
356 REPORT OF THE COMPTROLLER OF THE CURRENCY,
Abstract of reports since October 7, 188 G,' arranged
NEVADA.
Resources.
Loans and discounts
Bonds for circulation
Bonds for deposits . .
IT. S. bonds on hand. .
Duefromres’veag’ts.
Due from nat’lbanks
Beal estate, etc .
Current expense
Premiums paid .
Cash items
Trade dollars
Specie
Legal-tender notes. .
Total.
DECEMBER 28.
MARCH 4. MAY 13.
AUGUST 1.
OCTOBER 5.
2 hanks.
2 banks.
2 banks.
2 banks.
2 banks.
$425, 788. 12
37, 500. 00
$438, 294. 44
37, 500. 00
$404, 273. 96
37, 500. 00
$479, 134. 75
37, 500. 00
$513, 824.33
37, 500. 00
21,813. 76
7, 096. 05
250. 00
2, 209. 54
0, 109. 01
4, 987. 03
5, 065. 62
788. 30
27, 105. 10
2, 470. 85
27. 25
5,114.20
29, 109. 01
3, 712. 01
5, 667. 62
793. 78
28, 001.15
7,381.48
838. 11
3, 646. 60
29, 109. 01
6, 484. 17
5, 667. 62
876. 63
25, 349. 98
1, 963. 66
898. 66
3, 659. 46
.28, 349.01
1, 387. 92
5, 467. 62
712. 83
30, 735. 84
3, 015. 27
539. 57
7, 446. 93
36, 340. 01
4,457. 18
5, 467. 62
719.93
5, 077. 00
35. 36
4, 220. 00
34. 89
2, 426. 00
36. 48
500. 00
16.85
365. 00
3. 93
53, 399. 35
242. 00
69, 233. 10
4,118.00
76, 789. 90
2, 650. 00
57, 572. 15
1, 661. 00
57, 486. 42
1,687. 00
1, 687. 00
1, 687. 50
10. 00
1,687. 50
1, 687. 30
575, 649. 05
C29, 087. 25
607, 378. 61
645, 861. 39
699, 598. 53
CALIFORNIA.
Loans and discounts.
Bonds for circulation .
Bonds for deposits. . .
IT. S. bonds on hand . .
Other stocks and b’ds
D uo from res’ vo ag’ts
Duefrom nat’lbanks
Due from State banks
Beal estate, etc
Current expenses
Premiums paid
Cash items
Clear' g-house oxch’gs
Bills of other banks . .
Uncur’t&minor coins
Trade dollars
24 banks.
24 banks.
25 banks.
28 banks.
3® banks.
$9, 756, 723. 21
933, 000. 00
50, 000. 00
24, 500. 00
413,828.42
1, 564, 008. 12
678, 118. 21
352, 086. 26
508, 189. 39
102, 844. 64
115, 172. 67
179, 558. 30
$10, 199, 081. 55
907, 500. 00
100, 000. 00
101, 700. 00
430, 549. 03
1, 784, 124. 72
556, 291. 47
377. 607.71
518, 172. 42
75, 815. 57
141,982.91
107, 170. 18
$11, 140. 004. 85
920, 000. 00
150, 000. 00
101,550. 00
432, 136. 17
2,578, 087.45
867, 830. 25
540,771.08
618, 199. 90
101,584. 64
16 *, 779. 54
194, 635. 17
$12, 907, 788. 27
1, 007, 500. 00
150, 000. 00
154, 300. 00
464, 330. 28
2, 145, 530. 73
844, 929. 57
779, 733. 78
634, 982. 32
64, 339. 32
200, 749. 76
235, 804. 12
$14, 445, 417. 19
1, 088, 750. 00
150, 000. 00
219, 900. 00
560, 161. 71
2, 850, 407. 36
885,615.25
1, 029, 441. 17
670, 994. 69
97, 015. 06
242, 392. 93
256, 175. 74
98, 332. 00
965. 75
79, 501. 00
1, 194. 26
304, 851.00
957. 54
145, 543. 00
3, 357. 72
149, 639. 00
796. 68
Specie
Legal-tender notes . .
U. S. cert’s of deposit .
5% fund with Treas.
Due from U. S. Treas
Total
2, 143, 454. 07
183, 911.00
2,188,149.15
232, 912. 00
2, 591, 411. 55
257, 395. 00
2, 728, 039. 47
215, 003. 00
3, 571, 927. 42
347, 621. 00
41, 672. 00
4, 905. 50
40, 00.7. 00
7, 525. 00
41,400. 00
3, 505. 00
42, 525. 00
3, 255. 00
47, 867. 00
2, 826. 25
17, 151, 269. 54
17, 899, 281. 97
20, 814, 099. 14
22, 727, 711. 34
26. 616, 948. 45
SAN FRANCISCO.
Loans and discounts.
Bonds for circulation .
Bonds for deposits . .
2 banks.
3 banks.
3 banks.
3 banks.
3 banks.
$3, 577, 685. 78
650, 000. 00
$3,'910, 802. 42
700, 000. 00
$4, 096, 479. 24
7d0, 000. 00
$4,591,870. 60
750. 000. 00
$4, 854, 873. 26
750, 000. 00
U. S. bonds on hand. .
50, 000. 00
375, 000. 00
05, 575. 44
63, 937. 95
129, 761.80
78, 073. .34
13,122.01
24, 897. 60
17. 855. 13
235. 744. 24
7, 428. 00
499. 62
Other stocks and b’ds
Due from res’veag’ts .
Duo from nat’l banks .
Due from State banks
Beal estate, etc
Current expenses
Premiums paid
Cash items
Clear’g-house excb’gs
Billsor other banks. .
Uncur’t&minor coins
Trade dollars
375, 000. 00
138, 669. 15
59, 097. 72
276, 865. 46
79, 193. 57
2, 574. 32
11,314.60
1,008. 78
259, 892. 40
1, 330. 00
8. 34
375, 000. 00
133,675.61
96, 709. 05
264, 069. 64
78, 723. 34
9, 450. 28
11,472.60
7, 902. 91
98, 833. 10
7, 252. 00
107. 44
375, 000. 00
264, 254. 86
74, 767.91
82, 690. 31
78, 673. 34
6, 284. 61
72, 958. of)
4, 821.72
274, 559. 83
5, 498. 00
126. 11
375, 000. 00
1 52, 208. 57
107,447.70
287. 157.44
75, 350. 28
6, 928. 63
65, 708. 00
2,171.63
175, 856. 87
5, 799. 00
120. 72
Specie
Legal-tender notes .
U. S.cert’s of deposit
5 % fund with i’reas
Duo from U. S. Treas
Total
983, 772. 50
3, 321.00
999, 092. 25
2, 200. 00
1, 427, 330. 20
6, 073. 00
961, 679. 75
2, 857. 00
1,090, 478.40
6, 705. 00
29, 250. 00
31,500. 00
33, 750. 00
33, 7f*0. 00
4, 00(3. G7
33, 750. 00
2. 250. 00
6, 448, 983. 02
6, 720, 530. 04
7, 370,117.57
7,583,964.77 7,991,811.50
REPORT OF THE COMPTROLLER OF THE CURRENCY. 357
by States and reserve cities — Continued.
NEVADA .
Liabilities.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
2 banks.
2 banks.
2 banks.
2 banks.
2 banks.
Capital stock
Surplus fund
Undivided profits
Nat’l-bank circulation
State-bank circulation
$150, 000. 00
30, 000. 00
15, 217. 94
31, 420. 00
$150, 000. 00
30, 000. 00
12, 287. 75
33, 720. 00
$150, 000. 00
30, 000. 00
20, 278. 65
33, 720. 00
150, 000. 00
40, 000. 00
8, 300. 12
33, 720. 00
$150, 000. 00
40, 000. 00
12, 467. 90
33, 720. 00
1, 960. 00
292,176.18
Individual deposits . .
262, 396. 08
339, 410. 05
297, 762. 81
350, 914. 62
Dep’tsU.S.dis.oflicer.s
Due to national banks
Due to State banks . .
43, 806. 08
42, 808. 95
39, 669. 54
23, 999. 91
44, 2CC. 85
31, 410. 30
74, 070. 50
45, 622. 59
59, 887. 80
52, 008. 15
J
Total
575, 649. 05
629, 087. 25
607, 378. 61
645, 861. 39
699, 59a 53
CALIFORNIA.
24 banks.
24 banks.
25 banks.
28 banks.
30 banks.
Capital stock
$3, 160, 000. 00
$3, 350, 000. 00
$3, 500, 000. 00
$3, 795, 000. 00
$4, 170, 000. 00
Surplus fund
640,401.13
618, 171. 47
657, 171. 47
742, 158. 42
767, 5.’0. 05
Undivided profits
577, 893.76
417, 392. 62
549, 944. 83
454, 958. 64
610, 899. 39
Xat’l-bank circulation
State-bank circulation
Dividends unpaid
797, 070. 00
777, 340. 00
781, 570. 00
814, 040. 00
939, 990 00
1,719. 00
4, 740. 61
2, 434. 25
9, 556. 50
14, 716. 25
Individual deposits..
11, 653, 076. 38
12, 344, 840. 78
14, 683, 703. 26
16, 500,125. 79
19, 545, 186. 0!)
U. S. deposits
Dep’ts U.S.dis.officers
40, 872. 03
41,998. 52
8, 682. 92
16, 062.10
42, 552. 30
1, 725. 00
63, 765. 36
141, 150. 04
103, 766. 93
115, 429. 30
Due to national banks
126, 749. 15
97, 863. 39
259, 557.29
83, 187. 84
149, 285. 71
Due to State banks . . .
Notes re-discounted. .
146, 263. 09
157, 669. 22
224, 385. 08
203, 355. 12
255, 839. 36
Bills payable
5, 500. 00
5, 500. 00
5, 500. 00
5, 500. 00
5, 500. 00
Total
17, 151, 269. 54
17, 899, 281. 97
20, 814, 099. 14
22, 727, 711. 34
26, 616, 948. 45
SAN FRANCISCO.
2 banks.
3 banks.
3 banks.
3 banks.
3 banks.
$2, 500, 000. 00
250, 470. 35
119, 537. 52
494, 100. 00
$2, 660, 000. 00
253, 891. 24
135, 333. 90
623, 350. 00
$2, 700, 000. 00
256, 891. 24
131,217. 90
062, 070. 00
$2, 700, 000. 00
259, 046. 02
211, 398. 47
640, 700. 00
$2, 700, 000. 00
259, 016. 02
253, 046. 00
659, 790. 00
Undivided profits
Nat’l-bank circulation
Stal e-bank circulation
Dividends unpaid
Individual deposits..
U. S. deposits
2, 814. 75
2, 211, 072. 65
2, 351. 00
2, 033, 377. 48
2, 904. 00
2, 455, 171. 87
3, 863. 00
2, 718, 954. 03
2, 841. 00
2, 591, 218. 01
Dep’teTj.S.dis. officers
Due to national banks
Due to State banks . .
Notes re-discounted. .
597, 359. 81
273, 628. 54
712, 954. 39
305, 278. 63
709, 237. 60
458, 624. 96
680, 355. 95
363, 647. 30
954, 597. 82
571,272.05
Bills payable
Total
6,448, 983. 02
6, 720, 536. 04
7, 376, 117. 57
7, 583, 964. 77
7, 991, 811. 50
358 REPORT OF THE COMPTROLLER OF THE CURRENCY
Abstract of reports since October 7, 1886, arranged
OREGON.
Resources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
18 banks.
18 banks.
20 banks.
22 banks.
23 banks.
Loans and discounts .
Bonds for circulation .
Bonds for deposits - . .
U. S. bonds on hand. .
Other stocks and b’ds
Due from res’ ve ag’ts .
Due from nat’l hanks.
Due from State hanks
Heal estate, eto
$3, 660, 523. 71
612, 100. 00
600, 000. 00
8, 100. (10
890, 988. 77
180, 972. 05
223, 555. 48
109, 230. 31
234, 952. 03
53, 473. 53
102, 704. 26
43, 704. 41
$3, 869, 660. 93
612, 100. 00
600, 000. 00
9, 600. 00
983, 148. 84
218, 519.97
214, 634. 88
242, 101. 28
247, 644. 72
29,113. 45
79, 771. 21
29, 781. 73
$4, 631, 649. 30
632, 600. 00
600, 000. 00
4, 000. 00
950, 727. 94
151, 386. 24
207, 681. 58
184, 227. 65
254, 337. 50
54, 202. 40
91, 530. 45
31, 145. 95
$5, 212, 333. 05
657, 300. 00
600, 000. 00
$5, 785, 630. 97
644, 800. 00 i
600,000.00
861, 542. 51
205, 711. 70
356, 7.9. 76
309, 629. 13
262, 876. 86
26, 530. 46
72, 391. 62
49, 735. 88
765, 147. 78
207, 738. 58 ■
323, 429. 02
193, 331. 04
272, 120. 62
46, 447. 91
89, 788. 46
69, 118. 39
Current expenses
Premiums paid
Cash items
Clear’ g-house exch’g
Bills of other banks .
Uncur ’t & minor coin
Trade dollars
19, 365. 00
860. 47
26, 602. 00
1, 439. 51
18, 047. 00
1, 114. 12
22, 140. 00
926. 22
19, 875. 00
2, 092. 31
Specie
977, 136. 00
22, 312. 00
1,082, 132. SO
24, 491. 00
880, 240. 80
50, 038. 00
806, 946. 00
64, 679. 00
947, 473. 88
38, 583. 00
Legal-tender notes .
TJ. S. cert’s of deposit
5 % fund with Treas
Due from U. S. Treas
Total
27, 383. 00
3, 465. 00
27, 487. 39
550. 00
27, 898. 50
2, 650. 00
29, 568. 00
2, 995. 00
29, 010. 00
1, 600. 00
7, 770, 826. 02
8, 298, 779. 71
8, 773, 477. 43
9, 542, 035. 19
10, 036, 186. 90
ARIZONA.
— bank.
— bank.
— bank.
1 bank.
1 bank.
Loans and discounts.
Bonds for circulation.
Bonds for deposits. . .
$160, 547. 98
25, 000. 00
$173, 584. 15
25, 000. 00
IT. S. bonds on hand . .
Other stocks and b’ds
Duefromres’veag’ts.
Due iron) nat’l banks.
Due from State banks
Real estate, etc
54, 117.45
72, 721.28
1,320.48
12, 954. 50
1, 934. 40
2, 500. 00
1,170. 26
•
12, 954. 50
249. 57
2, 500.00
547.30
Current expenses ...
Premiums paid
Cash items
Clear’g-houseexch’gs
Bills of other hanks . .
4, 937. 00
470. 00
Dncur’t&minor coins
Trade dollars
Specie
31,149. 20
11, 000.00
19,351.95
12, 550. 00
Legal-tender notes . .
U. S. cert’s of deposit.
5 % fund with Treas .
Due from U. S. Treas.
Total...........
f
1,125. 00
303, 003. 00
324, 68S. 02
DAKOTA.
54 banks.
56 banks.
60 banks.
62 banks.
62 banks.
Loans and discounts.
Bonds for circulation .
Bonds for deposits. ..
B. S. bonds on hand. .
$5, 227, 140. 48
889, 750. 00
200, 000. 00
$5, 448, 118. 91
929, 750. 00
200, 000. 00
$6, 244, 244. 25
951, 000. 00
250, 000. 00
$6, 760, 629. 48
902, 500. 00
275, 000. 00
$6, 833, 776. 08
962, 500. 00
275, 000. 00
Other stocks and b’ds
Due from res’ve ag'ts .
Duo from nat’l banks
Due from State banks
Real estate, eto
338, 453. 78
495,771.81
683, 204. 80
103, 134. 30
618, 992. 82
139, 423. 48
94, 343. 22
133, 510. 56
356, 0:52. 74
425, 405. 44
749, 960. 93
126, 673. 48
602, 849. 07
84, 579. 09
101, 243. 84
89, 009. 02
416, 639. 71
370, 997. 59
600, 239. 04
167, 285. 08
729, 832. 91
134, 725.95
122, 029. 99
101, 584. 38
430, 965. 44
410, 467.39
639, 943. 14
78, 503. 86
751, 929. 53
58, 474. 17
140, 608. 71
101,234.35
473, 149. 66
452, 493. 49
1,106,521.90
135, 278. 30
770, 358. 42
112, 803. 01
138, 924. 64
163, 518. 57
Current expenses
Premiums paid
Cash items
Clnar’g-houso excli’gs
Billsof other banks..
Uncur’t & rninorcoins
Trade dollars
187, 612. 00
2, 300. 27
130, 889. 00
2, 612. 15
105, 706. 00
3, 352. 28
106, 342. 00
4, 473. 71
161 , 087. 00
3, 160. 90
Specie
347, 962. 20
327, 086. 00
362, 748. 60
286, 914. 00
355, 456. 76
287, 424. 00
338, 798. 00
334, 403. 00
449, 654. 35
387, 989. 00
Legal-tender notes ..
TT. S. cert’s of deposit
5 % fund with Treas
Due from U. S. Treas
Total
38, 824. 25
1, 531. 72
39, 874. 25
2, 409. 72
40, 286. 99
61.02
42, 576. 75
2, 710. 00
43, 308. 25
2,510. 00
9, 829, 101. 75
0,999, 156. 24
10, 880, 806. 55
11,439,610.53
12, 472, 033. 75
REPORT OF THE COMPTROLLER OF THE CURRENCY. 359
by Stales and reserve cities — Continued.
OREGON.
Liabilities.
DECEMBER 28.
MARCH 4. 1 MAY 13.
AUGUST 1.
OCTOBER 5.
18 banks.
18 banks.
20 banks.
22 banks.
23 banks.
Capital stock
Surplus fund
Undivided profits
Nad bank circulation
State bank circulation
Dividends unpaid
Individual deposits . . .
U. S. deposits
Dep’ts U.S.dis.officers
Due to national banks
Due to State banks . . .
$1, 335, 000. 00
96, 536. 07
799, 339. 54
534, 810. 00
$1, 355, 000. 00
103, 850. 00
806, 900. 03
531, 850. 00
$1, 595, 000. 00
107, 350. 00
909, 900. 92
520, 310. 00
$1, 740, 000. 00
150, 850. 00
884, 075. 09
580, 110. 00
$1, 795, 000. 00
152. 850. 00
958, 658. 32
566. 160. 00
3, 802,134. 24
207, 820. 97
355, 228. 13
346,497. 24
293, 459. 83
5, 606. 00
4, 461, 929. 96
227, 875. 78
303, 038. 07
185, 219. 38
312, 344. 37
4, 273. 50
832. 62
5, 600. 00
4, 445, 945. 80
217, 994. 38
327, 846. 33
389, 015. 50
247, 131. 79
8, 840. 00
5, 127, 707. 75
251,249.59
317,437. 37
304, 354. 66
177, 108. 18
2, 497. 50
5, 325,391. 22
126, 810. 64
382, 667. 36
312, 693. 85
398, 212. 38
Bills payable
Total
1, 322. 71
301. 95
15, 245. 69
7,770,826. 02
8, 298, 779. 71
8,773,477. 43
9, 542, 035. 19
10, 036, 186. 96
ARIZONA.
— bank.
— bank.
— bank.
1 bank.
1 bank.
$100, 000. 00
$100, 000. 00
336.77
6, 270. 28
22, 000. 00
Nat’l bank circulation
State bank circulation
153, 129. 23
133, 103.00
Dep’ts U.S.dis.officers
Due to national banks
49, 537. 00
63, 314. 74
303, 003. 00
324, 688. 02
1
DAKOTA.
54 banks.
56 banks.
60 banks.
62 banks.
62 banks.
$3, 080, 000. 00
497, 216. 35
513, 462. 40
786, 085. 00
$3, 260, 000. 00
584, 887. 17
235, 241. 84
821, 065. 00
$3, 575, 000. 00
674, 387.17
380, 791. 84
818, 300. 00
$3, 692, 500. 00
663, 481. 15
235, 366. 31
848, 780. 00
$3,720,000. 00
663, 831. 15
383, 175. 99
861, 925. 00
Undivided profits
Nat’l bank circulation
State bank circulation
Dividends unpaid
Individual deposits . . .
192. 00
4,389,168. 51
153, 116. 61
19, 729. 83
65, 383. 84
168, 094. 65
144, 595. 56
12, 057. 00
9, 765. 79
4, 538, 299. 22
147, 237. 95
26, 691. 23
58, 363. 65
142, 795. 13
151, 809. 26
23, 000. 00
8, 036. 79
4, 725, 959. 54
162, 924. 26
35, 342. 92
64, 892. 39
172, 559. 93
222, 468. 09
40, 203. 62
15, 918. 84
5, 112, 837. 57
190, 675. 96
12, 486. 23
106, 448. 31
157, 539. 76
354, 585. 40
49, 000. 00
2, 399. 00
5, 848, 810. 67
226, 386. 59
19, 305. 27
150, 723. 58
270, 582. 15
282, 894. 35
42, 000. 00
Dep’ts U.S.dis.officers
Due to national banks
Due to State banks. . .
Notes re-discounted. .
Total
9, 829, 101. 75
9, 999, 156. 24
10, 880, 866. 55
11, 439, 619. 53
12,472,033. 75
360 REPORT OF TIIE COMPTROLLER OF THE CURRENCY.
Abstract of reports since October 7, 188G, arranged
IDAHO.
6 banks.
6 banks.
6 banks.
6 banks.
6 banks.
Loans and discounts
Bonds for circulation
Bonds for deposits. . .
U. S. bonds on band
Other stocks and b’ds
Due from res've ag’ts .
Due from nat’l banks.
Due from State banks
Beal estate, etc
Current expenses
Premiums paid
Cash items
Clear’g-bouse exch’gs
Bills of other banks . .
TTncur't &minorcoins
$511, 192. 25
105, 300. 00
50, 000. 00
$513, 088. 79
105, 300. 00
50, 000. 00
$564, 028. 84
92. 800. 00
50, 000. 00
$560, 299.16
92, 800. 00
50, 000. 00
$577, 769. 75
92, 800. 00
50, 000. 00
133,701.72
17, 896. 19
28, 921. 38
65, 520. 20
27, 858. 08
19, 158. 97
21, 672. 74
18, 956. 64
126, 885. 11
20. 999. 79
42, 689. 97
18, 371. 71
35, 068. 63
8, 979. 58
21,381.42
4, 067. 93
158,155.38
15, 413.90
43, 670. 72
33, 680. 42
35, 236. 43
7, 263. 53
16, 474. 56
5, 197. 01
176,013.11
7, 038. 53
22, 449. 20
30,016.12
35,513. 03
11, 052. 62
15, 485. 76
21, 852. 38
190, 186. 17
23, 234. 45
26, 879. 70
48. 980. 54
41,443.48
17, 834. 45
15, 104. 19
5, 305. 46
34, 801. 00
48. 36
10. 00
65, 463. 97
49, 907. 00
54, 611. 00
38. 66
10. 00
65, 974. 79
43, 652. 00
30,517. 00
65. 64
10. 00
51, 988. 70
42, 630. 00
53, 023. 00
18. 00
51, 385. 00
23. 72
Specie
Legal-tender notes . .
IT. S. cert’s of deposit .
5 % fund with Treas
Due from XT. S. Treas .
Total
45, 368. 00
41, 043. 00
48, 847. 40
39, 715. 00
4, 727. 50
100. 00
4, 737. 50
4, 175. 00
100. 00
4, 175. 00
4, 175. 00
1, 155, 356. 00
1, 115, 850. 88
1, 151, 407. 13
1, 166, 751. 91
1, 233, 084. 31
MONTANA.
Besources.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
16 banks.
17 banks.
17 banks.
17 banks.
17 banks.
Loans and discounts.
Bouds for circulation.
Bonds for deposits ..
U. S. bonds on hand .
Other stocks and b’ds
Due from res'veag’ts.
Due from nat’l banks
Duo from State banks
Beal estate, etc
Current expenses. ..
Premiums paid
Cash items
Clear’ g- house exch’gs
Bills of other banks .
Dncur’t&minor coins
$7, 266, 278. 53
455, 600. 00
200, 000. 00
$7, 388, 050. 91
468, 100. 00
200, 000. 00
$7, 912, 142. 19
468, 100. 00
200, 000. 00
$8, 329, 723. 91
468, 100. 00
200, 000. 00
10, 150. 00
468, 170. 61
479, 060. 33
636, 092. 07
433, 165. 57
355, 704. 28
25, 765. 57
67, 920. 50
131, 021. 93
$8, 236, 786. 34
480, 600. 00
200, 000. 00
10, 150,00
519, 027. 05
408, 208. 59
632, 884. 08
563, 748. 37
421, 795. 37
46, 074. 03
65, 783. 21
46, 462. 13
432, 149. 31
315, 534. 55
486, 569. 36
403, 347. 90
356, 231. 88
106, 721. 56
67, 973. 52
151, 048. 14
423, 383.78
288, 939. 97
460, 030. 22
375, 287. 95
371, 460. 66
39. 283. 33
68, 834. 55
118, 019. 18
428, 593. 78
270, 303. 23
570, 694. 48
606, 817. 13
360, 837. 41
50, 125. 52
68, 029. 02
57, 825. 77
139, 241. 00
968. 42
72, 601.00
1, 109. 73
79, 925. 00
882. 64
90, 695. 00
1, 068. 87
82, 535. 00
960. 89
Specie
Legal-tender notes . .
U. S. cert’s of deposit.
5% fund with Treas
Due from IT. S. Treas.
Total
811,666. 55
445, 493. 00
784, 813. 90
436, 093. 00
757,975.30
476, 440. 00
701, 379. 80
558, 610. 00
760, 193. 30
624, 295. 00
20, 499. 50
4, 782. 17
20, 941. 50
10, 288. 15
21, 001. 50
13, 675. 19
21, 061. 50
14, 462. 49
21, 649. 50
17,668.49
11, 664, 105. 39
11, 527, 237. 83
12, 349, 427. 96
12, 992, 152.43
13, 138, 821. 35
NEW MEXICO.
9 banks.
9 banks.
9 banks.
9 hanks.
9 banks.
Loans and discounts.
Bonds for circulation.
Bonds for deposits. ..
U. S. bonds on hand . .
$1, 692, 659. 39
262, 500. 00
210, 000. 00
$1, 721,783. 80
240, 000. 00
100, 000. 00
$1, 744, 302. 63
240, 000. 00
125, 000. 00
$1, 719, 012. 88
240, 000. 00
125, 000. 00
$1,751,005.18
240. 000. 00
125. 000. 00
Other stocks and lid’s
Due from res've ag’ts.
Due from nat’l banks.
Duo from State banks
Beni estate, etc
Current expenses —
Premiums paid
Cash items
Clcar’g-houso exch’gs
Bills of other banks
TJncnr’t&minor coins
Trade dollars
25, 804. 18
240. 886. 39
269, 277. 44
67, 379. 50
179, 630. 43
51,847.19
20, 468. 59
13,433.42
34, 564. 52
222, 130. 44
283, 559. 69
67, 449. 74
185, 483. 08
23, 148. 13
29,121.09
17,014.18
32, 818. 99
162, 439.15
507, 342. 88
58, 787. 27
185, 563. 02
25,942. 20
31,050. 34
14,455.70
34, 493. 74
202, 327. 88
561, 132.86
76, 085. 85
ISO, 8!.'!. 51
8,017. 74
23, 459. 20
13,014.50
39, 036. 74
188,297.0-.
287, 318. 45
60, 162.21
179, 047. 85
15, 543. 73
22, 130. 06
11,521.80
29, 366. 00
997.27
25. 755. 00
791.75
25, 560. 00
704. 27
18, 745. 00
074. 66
28, 097. 00
786. 86
Specie
Legal-tender notes ..
IT. S. cert’s of deposit.
H % fund with Treas
Duo from U. S. Treas.
Total
361,210.95
105, 272. 00
137, 519. 00
85, 051.00
117,208.20
87, 477. 00
112,643. 00
102, 081.00
09,543.40
84,223.00
11,482. 05
2, 000. 00
10, 799. 50
4, 480. 00
10, 790.50
1,030.00
10, 799. 50
1 , 007. 00
10,799. 50
2, 017. 12
3,344,304.80 | 3,188,717.82
3,371, 593. 11
3,434, 138. 18 | 3,135,138.01
EEFORT OF THE COMPTROLLER OF THE CURRENCY. 361
by States and reserve cities — Continued.
IDAHO.
6 banks.
6 banks.
6 banks.
6 banks.
6 banks.
Capital stock
$350, 000. 00
$350, 000. 00
$350, 000, 00
$350, 000. 00
$350, 000. 00
Surplus fund
22, 000. 00
27, 129. 59
27, 129. 59
28, 981. 13
28, 981. 13
Undivided profits
90, 61k 92
63, 639. 69
69, 488. 78
77, 981. 46
89, 289. 00
Xat’l bank circulation
89, 815. 00
93, 115. 00
81, 880. 00
80, 700. 00
81, 940. 00
Individual deposits..
501, 554. 80
437, 307. 00
533, 816. 63
520, 902. 50
576,821.10
U. S. deposits
2, 118. 73
7, 627. 35
30, 511. 43
44, 148. 04
44, 886. 61
Dep’ts U.S.dis.ofticers
22, 395. 73
42, 288. 13
14, 638. 49
120. 10
177. 02
Due to national banks
4, 097. 23
766. 68
2, 082. 35
7, 183. 60
8, 755. 92
Due to State banks. . .
66, 729. 59
71, 983.44
41, 859. 86
56, 735. 08
52, 833. 53
Total
1, 155, 356. 00
1, 115, 856. 88
1, 151, 407. 13
1, 166, 751. 91
1, 233, 684. 31
MONTANA.
Liabilities.
DECEMBER 28.
MARCH 4.
MAY 13.
AUGUST 1.
OCTOBER 5.
16 banks.
17 banks.
17 banks.
17 banks.
17 banks.
Capital stock
Surplus fund
Undivided profits
Nat’l bank circulation
State bank circulation
Dividends unpaid
Individual deposits..
U. S. deposits
Dept’sL .S.dis.otficers
Due to national banks
Due to State banks. . .
Notes re-discounted. .
Bills payable
$1, 867, 500. 00
333, 125. 00
1, 030, 802. 27
397, 530. 00
$1, 925, 000. 00
369, 250. 00
896, 226. 66
414, 680. 00
$1, 925, 000. 00
409, 250. 00
948, 264. 13
413, 500. 00
$1, 925, 000. 00
413, 950. 00
993, 563. 53
409, 830. 00
$1, 975, 000. 00
420, 450. 00
1, 090, 974. 72
422, 280. 00
7, 131, 484. 54
67, 428. 73
109, 937. 08
508, 828. 02
125, 501. 92
91, 967. 83
8, 400. 00
6, 978, 977. 10
67, 212. 22
107, 896. 79
472, 537. 50
102, 960. 56
179, 097. 00
5, 000. 00
5, 040. 00
7, 651, 898. 54
88, 037. 10
90, 821. 52
576, 996. 26
63, 174. 12
167, 446. 29
10,000. 00
7, 880. 00
8, 112, 102. 53
81, 053. 50
90, 295. 33
662, 421. 64
168, 714. 36
122, 341. 54
5, 000. 00
4, 880. 00
8, 120, 148. 06
81, 533. 52
72, 519. 00
574, 834. 55
297, 979. 97
78, 221. 53
Total*
11, 661, 105. 39
11, 527, 237. 83
12, 349, 427. 96
12,992, 152.43
13, 138, 821.35
NEW MEXICO.
9 banks.
9 banks. | 9 banks.
9 banks.
9 banks.
$825, 000. 00
164, 408. 81
95, 098. 98
236,240. 00
$825, 000. 00
168, 208. 81
37, 164. 76
215, 990. 00
$850, 000. 00
109, 571. 46
51, 0S4. 53
215, 990. 00
$850, 000. 00
172, 735. 86
21,897.20
215, 990.00
$850, 000. 00
176, 635. 86
40, 683. 95
215, 990.00
Undivided profits
N ati bank circulation
State bank circulation
Dividends unpaid —
Individual deposits . .
555. 00
1, 620, 437. 79
130, 171. 89
83, 994. 29
113, 123. 38
68. 274. 66
7, 000. 00
575. 00
1, 583, 258. 17
2, 106. 97
72, 154. 11
152, 384. 10
106, 939. 65
24, 936. 25
45. 00
1,518,828.48
19, 680. 19
111, 327. 27
300, 090. 79
81, 538. 14
23, 436. 25
5, 102. 00
1, 658, 154. 25
16, 169. 80
84, 360. 73
271, 249. 50
90, 987. 84
47, 491. 00
208. 00
1, 496, 752. 20
33, 579. 23
80, 776. 53
133, 987. 53
83, 607. 71
22, 917. 00
Dept’sU.S.dis. officers
Due to national banks
Duo to State banks..
Notes re-discounted. .
Bills payable
, Total
3, 344, 304. 80
3, 188, 717. 82
3, 371, 592. 11
3, 434, 138. 18
3, 135, 138. 01
362 REPORT OF THE COMPTROLLER OF THE CURRENCY.
Abstract of reports since October 7, 188G, arranged
UTAH.
Loans and discounts
Bonds forcirculation.
Bonds for deposits...
U. S. bonds on hand
Due from res’ veag’ts.
Due from nat’l banks.
Beal estate, etc...
Current expenses.
Premiums paid...
Cash items
Billsof other banks..
TJncur’t&minor coins
Trade dollars
Specie
Legal-tender notes..
L. S. cert’s of deposit
5 % fund with Treas
Due from U. S. Treas
Total
7 banks. 1 7 banks.
-7 banks.
7 banks.
7 banks.
$2, 005, 511. 03
400.000. 00
100.000. 00
$2, 061, 379. 79
400, 000. 00
100, 000. 00
$2, 127, 577. 07
400, 000. 00
100, 000. 00
40, 000. 00
181,321. 07
117, 282. 33
204, 964. 81
78, 409. 96
123, 321.48
15, 076. 30
54,885. 57
7, 932. 19
$1, 971, 964. 65
390, 000. 0«
150, 000. 00
1, 000. 00
189, 246. 07
500, 921. 72
140, 998. 96
100, 514. 84
127, 081. 32
12,586.29
54, 155. 57
14, 474. 54
$2, 119, 304. 03
390, 000. 00
200, 000. 00
101,000. 00
164, 084.07
362, 067. 14
134, 247. 14
92, 155. 39
125, 743.28
22, 216. 91
89.832.12
13, 299. 57
194, 908. 07
90, 000.13
248, 399. 01
78, 724. 50
124, 909. 03
34, 549. 85
51, 885. 57
10, 401. 38
194, 538. 07
75, 519. 25
180, 348. 35
73, 210. 25
123, 299. 13
17, 774. 16
51, 385. 57
9, 562. 21
29, 286. 00
261. 86
19. 00
344, 302. 85
36, 023. 00
12. 980. 00
1, 027. 25
15. 00
285, 317. 60
31. 571. 00
12. 846. 00
1,012.41
16.00
239, 786. 68
40. 159. 00
29. 129. 00
503. 06
16.00
262, 146. 14
49. 148. 00
52, 712. 00
322. 01
307, 242. 20
70, 498. 00
17, 499. 50
17, 999. 50
18, 000. 00
17, 550. 00
1, 000. 00
17, 550. 00
3, 826, 491.44
3, 635, 927. 13
3, 822, 590. 87
4, 012, 436. 16
4, 262, 333. 86
WASHINGTON.
Resources.
DECEMBER 28.
MARCH 4.
MAT 13.
AUGUST 1.
OCTOBER 5.
18 banks.
18 banks.
18 banks.
18 banks.
18 banks.
Loans and discounts.
Bonds for circulation
$2, 551, 302. 75
402, 500. 00
$2,775, 775.61
402, 500. 00
$3, 070, 816. 9G
380, 000. 00
$3, 454, 330. 47
392, 500. 00
$3, 831, 831. 97
405, 000. 00
TJ. S. bondson hand..
Other stocks and b’ds
Due from res’veag'ts
Duefroinnat’l banks.
Duo from State banks
Beal estate, etc
Current expenses
Premiums paid
Cash items
Clear’g-houseoxch’gs
Bills of other banks . .
U ucu r’t&m inor coins
50, 000. 00
206, 646. 25
184, 842. 09
362, 385. 07
152, 153. 21
178, 063. 50
40, 827. 55
72, 656. 24
21, 770. 71
1, 000. 00
326, 967. 46
246, 882. 58
410, 043. 97
109, 918. 08
226, 356. 27
29,987.83
58,472. 87
23, 226. 83
294, 689. 28
242,341.28
282, 430. 95
148,211.06
184, 996. 46
28, 674. 80
60, 427. 09
19, 281. 02
218, 882. 77
199, 920. 96
521, 074. 30
90, 127. 84
204, 442. 78
43, 290.42
56, 043. 38
30, 908. 49
284, 236. 09
188,819. 92
496,227.46
131,225. 99
224, 195.43
13, 224. 17
56, 138. 59
34, 767. 75
31. 122. 00
303. 10
9, 002. 00
478, 510. 80
22. 345. 00
35, 542. 00
250. 20
27, 417. 00
290. 01
12, 627.01
341. 50
20. 545. 00
258. 80
1.00
494, 373. 95
51.120. 00
Specie
Legal-tender notes . .
U. S. cert’sof deposit.
-5% fund with Treas.
Duefrom U. S. Treas.
Total
541, 527. 70
31, 700. 00
554,162. 05
32, 828. 00
572, 981.65
22,131.00
17, 851.50
10.00
18,112.50
20. 00
17, 100. 00
520. 00
16, 520. 00
350. 00
17,812. 50
400. 00
4, 782, 351. 77
5, 006, 479. 95
5, 447, 830. 96
5, 900,017.02
6, 254, 199. 11
WYOMING.
7 banks.
8 banks.
8 banks.
8 banks.
8 banks.
Loans and discounts.
Bonds for circula tion .
$2, 321,375. 81
198, 750. 00
$2,315, 220. 90
223, 750. 00
$2, 476, 076. 25
223,750. 00
$2,499, 790.61
223, 750. 00
$2, 527, 061. 94
223, 750. 00
Other stocks and b’ds
Duo from res’voag’ts
Duo from nat’lbanks.
Duo from Stato hanks
Beal estate, etc
Current expenses
Premiums paid
Cash items
Clear’ g-housoexch’gs
Bills of other banks. .
TJncur’t&reinor coins
63, 939. 27
232, 955. 09
212, 091.25
21, 258. 71
46, 661. 97
40, 570. 79
23, 227. 78
14, 587. 37
' 27,505.00
313.11
62, 142. 09
146, 259. 90
117, 229. 00
8, 361. 39
58, 228. 06
17, 891.72
22, 825. 56
9, 250. 37
71,325.82
167,181.43
140, 959. 86
9, 920. 40
60, 185. 54
17,155. 81
22, 521. 90
12,368. 39
70, 954. 57
222, 103. 56
110, 268.81
6. 600.61
66, 773. 58
18,602.20
22, 396 90
23, 535. 70
85, 309. 38
207, 676. 52
70, 632. 44
10,256. 31
70, 010. 83
32, 763. 44
23, 870. 90
13, 191. 09
35, 750. 00
372. 05
27, 211.00
309. 93
17, 048. 00
401. 7G
15, 234. 00
468. 82
Specie
Legal-tender notes . .
IT. S. cert’s of deposit.
5 % fund with Treas.
Duo from U. S. Treas.
Total
310, 073. 08
64, 956. 00
279, 421.10
40,421.00
256, 603. 74
57, 458.00
265, 008. 48
4-1, 630. 00
236,016.15
29, 584. 00
8, 943. 50
3, 210. 00
8, 943.50
700. 00
10, 008. 50
500. 00
10, OGH. 75
1, 100. 00
10, 008. 75
3, 580, 418. 73
3, 352, 772. 76
3, 553, 056. 57
3, 009, 091. 72
3,567,004.17
REPORT OF THE COMPTROLLER OF THE CURRENCY. 363
by States and reserve cities — Continued.
UTAH.
7 banks.
7 banks.
7 banks.
7 banks.
7 banks.
Capital stock
$850, 000. 00
302, 750. 00
153, 263. 59
204, 630. 00
$850, 000. 00
328, 250. 00
108, 991. 37
289, 570.00
$850, 000. 00
328, 500. 00
113, 358. 53
285, 970. 00
$850, 000. 00
371, 000. 00
94,221.67
298, 530. 00
$850, 000. 00
373, 000. 00
115,469. 72
292, 130. 00
Surplus fund
Undivided profits
Nat’l bank circulation
State bank circulation
Dividends unpaid. . .
Individual deposits..
1, 149. 00
2, 038, 125. 40
12. 282. 84
78, 540. 47
58, 630. 57
19, 119. 57
1, 574. 00
1, 926, 436. 74
37, 286. 50
42,764.62
26, 980. 07
24, 073. 83
1, 541. 00
2, 023, 631.80
60, 350. 82
41, 594.61
43, 048. 23
70, 353. 88
14, 242. 50
2, 186. 00
2, 201, 701. 96
51,526 11
57, 804. 32
37, 190. 48
37, 073. 12
11, 202. 50
1, 276. 00
2, 334, 015. 53
86, 552. 88
53, 625. 00
67, 116. 94
64, 461. 79
23, 756. 00
Dept’slt.S.dis.officers
Due to national bank s
Due to State banks . .
Notes re-discounted. .
Bills payable
Total
3,826,491.44
3, 635, 927. 13
3, 822, 590. 87
4, 012, 436. 16
4, 262, 333. 86
WASHINGTON.
Liabilities.
DECEMBER 28. | MARCH 4.
MAY 13. AUGUST 1.
OCTOBER 5.
18 banks. 18 banks.
18 banks. 1 18 banks.
18 banks.
Capital stock ....
Surplus fund
Undivided profits
Nat’l bank circulation
State bank circulation
Dividends unpaid
Individual deposits..
U. S. deposits
$1, 130, 000. 00
155,450. 36
500, 820. 00
350, 480. 00
$1, 130, 000. 00
199, 077. 02
433, 363. 60
354, 720. 00
$1, 180,000.00
199, 077. 02
494,283.44
341, 225. 00
$1, 230, 000. 00
229, 456. 93
438, 392. 65
341, 850. 00
$1, 280, 000. 00
233,456. 93
475, 892. 08
356, 540. f 0
240. 00
2, 543, 421. 84
480. 00
2, 794, 559. 22
310. 00
3, 106, 601. 33
1,490. 00
3,475,146. 22
440. 00
3, 638, 303. 51
Dep’tsU.S.dis.officers
Due to national banks
Due to State banks . .
Notes re-discounted . .
50, 821. 29
51, 118. 28
81, 296. 13
72, 983. 98
68, 266.82
68, 067. 35
110, 968.83
73, 312. 39
135, 240. 48
113, 926. 11
Bills payable
20, 400. 00
Total
4,782,351.77
5, 066, 479. 95
5,447, 830.96
5, 900, 617. 02
6, 254, 199. 11
WYOMING.
7 banks.
8 banks.
8 banks.
8 banks.
8 banks.
Capital stock
$953, 550. 00
$1, 029, 500. 00
$1,055,000.0(4
$1, 075, 000. 00
$1, 075, 000. 00
Surplus fund
175, 500. 00
190,000. 00
197, 000. 00
210,367.80
210, 367. 80
Undivided profits
215, 806. 71
140, 755. 55
153,693.49
141, 273. 10
180, 369. 55
Nat’l bank circulation
177, 980. 00
188, 255. 00
197, 725. 00
200, 775. 00
200, 645. 00
State bank circulation
Dividends unpaid
60. 00
Individual deposits ..
1. 912, 581.62
1, 633, 994. 91
1, 783, 113. 06
1,718, 461.95
1, 697, 281. 62
U. S. deposits
Dep'tsU.S.dis.ofiicers
Due to national banks
48,407.72
31, 154. 13
23, 929. 75
43, 506. 80
30, 385.48
Due to State banks . . .
14, 609. 94
8, 613. 17
4, 537. 86
14, 016. 34
15, 999. 69
Notes re-discounted..
81, 982.74
130, 500. 00
128, 657.41
205,630.73
147,915. 03
Bills payable
10, 000. 00
10, 000. 00
Total
3, 580, 418.73
3, 352, 772. 76
3, 553, 656. 57
3, 609, 091. 72
3, 567, 964. 17
INDEX
Amendments : Pago.
To the laws relating to the national banking system 4
Salary of the Deputy Comptroller of the Currency, and enlargement of his duties , 4
Officers of a bank not to constitute a majority of the board of directors 4
Devised oath of directors - 4
Banks with branches can not retain them after entering the system 4
Method by which directors may resign their positions, and he discharged from further ac-
countability - 4
Relief to shareholders who do not assent to the extension of a hank 5
Relief in case of non-concurrence with directors as to appraisement of stock 5
Reducing amount of bonds now required to he deposited by hanks 5
Modification of existing restrictions as to holding real estate 5
Surplus fund as a substitute for contingent liability of shareholders 5
As to custody and examination of plates and dies used in printing national-bank notes 5
Rational-bank notes as a part of the cash reserve of banks 6
Cashier’s signature of circulating notes, how affixed 6
Repeal of provision requiring extended banks to deposit lawful money to retire circulation. 6
Provision as to profits arising from failure to redeem notes of banks extending their corpo-
rate existence, extended to other banks 6
Issue of notes of new design to all banks 6
Appropriation therefor 7
Plural offices of national banks 7
Sale of stock upon neglect or refusal of shareholders to pay assessment for the purpose of re-
storing impaired capital 7
Five per cent, redemption fund as part of the lawful-money reserve 7
Relief to banks of the obligation of keeping cash reserve against Government deposits 7
Investments in real-estate securities 8
Limit as to loans to individual, firm, or corporation 8
Penalty for loans made contrary to law 8
Responsibility of directors 9
Certification of checks 9
Usury 9
Penalty for failure of banks to transmit reports 9
Duties and responsibilities of examiners 9
Rew scale for reckoning assessment of examination feqs upon national banks 9
Relieving banks of obligation to pay fees for preliminary and special examinations 9
Supervising examiners 9, 10
To reduce probability of failure of national banks for certain causes 10
Interposition of Comptroller in affairs of banks in voluntary liquidation 10
As to selection of agent of stockholders 11
Discharge of agents of stockholders 11
Duties of directors and officers of national banks that are in a position of insolvency 11
Discharge of receivers of national banks 11
Restoration to solvency of a national bank during receivership 11
Status of United States district attorney as to receiverships 11
Semi-annual tax on circulation 11
Protection of banks against discriminative State taxation 11
Criminal offenses 12
Use of the word “ national ” as a part of the corporate name by other than national banks . . 12
Assessments:
Shareholders 91
Cost of plates 107
Examiners' fees 108
Baxks. {See Rational banks ; State banks; Savings banks; Private banks; Converted State
banks; Loan and trust companies.)
365
INDEX.
366
Bonds, United States : page.
Changes in law as to amount of deposit to secure circulation 5, 20
Deposited by banks organized during the year ending October 31. 1887 51
Minimum amount of bonds required to be kept on deposit by banks in operation October 5,
1887 G6
Actually deposited and minimum required each year, 1882 to 1887 66
Outstanding interest-bearing bonds G8
Outstanding 3 per cent, bonds from August, 1, 188G, to July 1, 1887 G9
Interest-bearing bonds the only legal security for cumulation 71
Variations in market juice 4 and 4i per cents August, 1886, to August, 1887 72
Changes in bonds on deposit as security for circulation 73
Comparison for five years of bonds deposited as security for circulation 73-75
Additional circulation issued on 81
Highest and lowest amount of bonds on deposit to secure circulation 93
Capital stock:
Of banks reporting during the year 2
Of national banks closed during the year 3
Of national banks organized during the year ending October 31, 1887 51
Of banks failed during the year ending October 31, 1887 52
Of banks to reach expiration of corporate existence up to the year 1901 60
Of banks the corporate existence of which will expire during 1888 61
Of banks organized in fiscal years from 18S2 to 1S87 66, 75
Of banks organized during the year ending October 31, 1887, with capital of $50,000 67
Of banks organized during the year ending October 31, 1887, with capital of over $50,000 67
Of banks organized during the year ending October 31, 1887, with capital of over $150,000 67
Paid in during the year . . 76
Increase 76
Decrease 76
Impairment or withdrawal of 91
Reduction of 91
Amount of, 1806 and 1887 93
Variations in 93
Twenty-five cities (exclusive of reserve cities) having largest, with circulation, loans and
discounts, and individual deposits 96
Circulating notes :
Issued, redeemed, and outstanding, of national banks closed during the year 3
Issued to national banks organized during the year ending October 31, 1887 51
Amount issuable on bonus deposited 66
Minimum circulation 66
Possible maximum circulation 66
Circulation outstanding October 5, 1887 66
Decrease during the year 76
■ Banks without circulation 76
Retired since Juno 20, 1874 81
Issued to banks during the year 81
Amount of, 1866 and 1887 1 93
Clearing-house transactions :
New York Clearing-House 102
Number of members 102
Comparative statement of aggregate clearings and balances for 1886 and 1887 102
Kinds of money used and amount of each kind, for 1886 and 1887 102
Gold certificates, Bank of America 102
Comparative statement of transactions of New York Clearing-House for thirty-four years. . . 103
Clearing-house transactions of assistant treasurer United States in Now York for year end-
ing October 1, 1887 103
Comparative statement of the exchanges of the clearing-houses of the United States for Oc-
tober, 1886 and 1887 .• 104
Comparative statement for last weeks in October, 1886 and 1887 105
Clearing-house transactions in thirty-seven cities of the United States for year ending Sep-
tember 30, 1887, and comparison with previous year 107
Percentages, exchanges, and balances, New York City 107
Clerks in the office of the Comptroller of the Currency:
Names and compensation 46
Conclusion :
Suggestions received ftom various sources as to modification of present law, by which it is
thought the systom may bo improvod 118
Classification of plans suggested into propositions 118
General remarks on propositions 118-128
INDEX.
367
Page.
Converted State banks 50, 57
Decisions. (See Legal decisions.)
In national-bank cases 133
Digest of national-bank cases 131
Digest of decisions in bank cases involving questions of practical banking 165
Diagram :
Grouping of main features of national banking system 93
Directors :
Revised oath of - 4
Officers of bank not to constitute a majority of board 4
Proceedings against, for losses and damages 91
Method by which directors may resign their positions, and bo discharged from further ac-
countability 4
Non- concurrence of shareholders as to appraisement of stock 5
Changes in law to establish antecedent presumption that directors know and consent to op-
erations of bank 92
Protection to shareholders 92
Dissolution. (See National bank failures, Receiverships, and Liquidation.)
National banks closed during the year 3
In liquidation 3
Railed 3
Number of banks passed into liquidation since establishment of system 77
Number of banks placed in hands of receivers since establishment of system 77
Number of banks passed into liquidation by expiration of corporate existence 77
Dividends. (See Receiverships.)
Examiners :
Accountability of directors 91
Scope of sections 5209, 5239, Revised Statutes of the United States 91
Duties of examiners 91
Conferences of 92
Reports of 93
Supervision 90
Examinations 92
Eees - 90
Examinations at expense of bank 90
Assumption by the Government of such expense 90
Discovery of defalcations 90
Maladministration of directors, fraudulent entries on books, etc 90
Assessment for fees on national banks 108
Examinations :
Supervision 90
Territory, division of 92
Areas 92
Expenses of the office:
Plates, printing, etc 47
Salaries of employes 47
Extension of corporate existence. (See National banks.)
Failures. (See Receivers and Receiverships.)
Of national banks during the year ending October 31, 1887 52
Causes of failure * 52
Five per cent, redemption fund. (See Redemption.)
Gold banks. (See National banks.)
Information :
Requirements of section 333 of the Revised Statutes of the United States 50
Number of national banks organized in each State and Territory during the year ending Oc-
tober 31, 1887, aggregate capital, bonds, and circulation 51
Interest-bearing funded debt of the United States :
Amount held by national banks 07
Maximum public debt 07
Interest-bearing debt October 31, 1887 67
Bonded debt for fiscal years from 1805 to 1887 68
Amount of 3 per cent, bonds issued, amount redeemed and outstanding from July 12, 1882,
to October 31, 1887 68
Changes in debt from 1866 to October 5, 1887 73
368
INDEX.
Introduction : Page.
Report submitted to Congress 1
Requirements of section 333, United States Revised Statutes, in detail, as to Comptroller’s
report 1
Issues and redemptions. (See Circulating notes ; Redemption.)
National-bank notes issued and redeemed during tbe year 80
Additional circulation issued during tbe year 80, 81
Amount issued under act of July 12, 1882, during the year 81
Circulation retired 81
Duties devolving upon clerical force 82
Issues of incomplete currency during tbe year 82
Amount received from Bureau of Engraving and Printing during tbe year 82
Amount canceled not having been issued 82
Amount in vaults - 82
Lawful-money deposits. (See Redemption.)
Legal decisions. (Sea Decisions.)
Suggestions as to interstate commercial code 38
Liabilities of national banks :
On dates of report during tbe year ending October 31, 1887 2
Liquidation. (See Dissolution.)
Loans :
Classification of, in central reserve cities, reserve cities, and country 94
In New York City for past five years 95
Loan and trust companies:
Official returns from 38
Capital stock, surplus and undivided profits, and deposits 39
Official and unofficial 39
Distribution of stock 39
Gold, silver, legal tenders, and national-bank notes held 39
Aggregate resources and liabilities, official and unofficial 40
Aggregate resources, liabilities, and condition, from unofficial sources 41
Number, capital stock, surplus, and undivided profits and deposits 42
Distribution, number, and average par valuo of shares of stock 45
Mortgages on real estate. (Sec Amendments.)
National banks:
Summary of tbe state and condition of every national bank reporting daring tbe year ending
October 31, 1887 2
Closed during tbo year 3
Organization of branches 4
Organized during tbe year ending October 31, 1887 51
Aggregate capital, bonds, and circulation 51
Organization of 55
How organized, by whom they may bo organized, and necessary steps 55
Amount of bonds required to be deposited under original act and amendments 56
Capital at date of organization 58
Present capital and surplus 58
Number that have gone into voluntary liquidation 58
Number that have become insolvent 58
Extension of the corporate existence of 59
Number of which the corporate existence has been extended 59, 77
Number organized under national currency act. of February' 25, 1803 59
Number organized under national-bank act of June 3, 1864 59
Number extended under act of July 12, 1882 59
Number still in operation under original certificate of organization 59
Number in operation October 31, 1887 59
Number to reach term of corporate existence from 1888 to 1901, inclusive 00
Number of which period of succession terminated during the year ending October 31, 1887. . . 00
Number of which corporate existence will expire during the year 1888 01
Number organized during fiscal years from 1882 to 1887 60
Number organized sinco establishment of system 79
Number placed in liquidation 79
Number which failed 79
Number reorganized 79
Gold banks 88
Deposits, loans and discounts, cash, oto., 1806 and 1887 93
Supervision of 90
INDEX.
369
National banks— Continued. Page.
Aggregate capital, surplus, undivided profits, circulation and deposits, 18(>6and 1887 04
Loans and discounts 9^
Investment in bonds 94
Specie 94
Loans and discounts, United States bonds, and specie percentages 94
Organized under act of February 25, 1863, excluded from acting as reserve agents 98
Amount of reserve required 99
Redemption fund as a part of reserve 99
Examiners’ fees 108
Taxation by States 108
National-bank code:
As proposed 12
National-bank failures. (See Dissolution.)
Causes of failure 52
Surplus and undivided profits of banks failed during the year ending October 31, 1887 52
Liabilities at date of last report of condition 52
National banking laws. ( See Amendments.)
Officers and clerks in the office of the Comptroller of the Currency:
Names and compensation 46
Organization of national banks :
Increase 47
Number of national banks organized in each State and Territory during the year ending Oc-
tober 31, 1887, aggregate capital, bonds, and circulation 51
Organization and expenses of the Bureau of the Currency :
Increased labor devolving upon employfis 47
Growth of the national banking system 47
Recommendations as to improvement in organization of Bureau 48
Clerical work performed in the office 49
Value of items representing clerical work 49
Comparative statement as to work performed and compensation paid, by years 50
Private banks:
Official returns from 38
Capital, surplus and undivided profits 39
Official and unofficial 39
Aggregate resources, liabilities, and condition, from official sources 40
Aggregate resources, liabilities, and condition from unofficial sources 41
Number, capital stock, surplus and undivided profits, and deposits 43
Number, capital, deposits, investments in United States bonds up to May 31, 1882 45
Real-estate securities. (See Amendments.)
Receivers. (See Receiverships.)
Appointed during the year 52
Receiverships. (See Receivers.)
Number of banks failed during the year 77
Dividends paid 77
Number of banks placed in hands of receivers since establishment of system 77
Restored to solvency 77
Number of insolvent banks closed during the year 77
Total dividends, principal, and interest paid to creditors of insolvent banks 77, 79
Inactive 77
Names and location of banks 77
Total dividends paid creditors during the year 79
Amount of assessments upon shareholders 79
Amount collected from that source 79
Pending litigation 79
Redemption :
Statutes in respect thereto 82
Five per cent, redemption fund ; 83
Deposits of lawful money 83
Amounts of national-bank currency received annually at redemption agency 84
Localities from which forwarded and percentages 85
Total amount of notes redeemed and mode of redemption 86
■> Of notes of insolvent national banks 87
Of notes of banks reducing circulation under act of Jnne 20, 1874 87
Amount of notes of failed banks redeemed and outstanding since establishment of system.. 87
Of notes of banks in voluntary liquidation 88
8770 CUR 21
370
INDEX.
Redemption— Continued. Page.
Total amount lawful money deposited under act of June 20, 1874, on. account of liquidating
and insolvent banks, and under section 6, act of July 12, 1882 88
Amount deposited for redemption of notes of gold banks 88
Amount deposited under section 6 of act of July 12, 1882 88
Total amount of lawful money deposited during tbe year 88
By banks in liquidation 88
By banks reducing circulation, act June 20, 1874 . 88
By banks retiring old circulation, act July 12, 1882 88
Amounts previously deposited 88
Noies redeemed and destroyed without reissue 88
Notes redeemed and destroyed prior to June 20, 1874 88
Notes redeemed and destroyed since June 20, 1874 88
Notes of gold banks 88
Total national-bank notes received for redemption since establishment of system 88
Limit of term for deposit of lawful money by liquidating banks 88
National-bank notes received at Treasury during past year and percentages as to localities
from which received 88
National-bank notes received monthly for redemption during past year by Comptroller of
Currency and at redemption agency 89
National-bank notes received by Comptroller of Currency and destroyed each year since
establishment of the system 89
Vault balances 89
Number of packages of national-bank notes received from Treasurer United States and
from banks direct daring the year 90
ChargeB for redemption of notes 108
Redemption charges. (See Redemption.)
Redemption fund :
Amount of 100
As a part of reserve 99, 100
Repoets of condition: t
Made by banks to office 93
Publication of 93
Number received daring the year 93
Tabulation of •- 93
Abstract of - 93, 129
Reserve :
Act of Fobruary25, 1863 96
Act of June 3, 1864 97
Act of June 20, 1874 97
Banks organized under act of February 25, 1863, excluded from acting as reserve agents 98
Act of March 3, 1887 98
Under which central reserve cities may bo established 98
Amount of reserve required by national banks 99
State of 100
New Vork City 100
Amount of, in reserve cities 10J
Amount of, in States and Territories 101
Summary 101
Movement of reservo in New York City, weekly, during October, for last eleven years 106
Resources of national banks:
On dates of report during the year ending October 31, 1887. 2
Savings banks:
Official retnrns from 38
Aggregate surplus and undivided profits 39
Average par value of stock 39
Gold, silver, legal tenders, and national-bank notes hold 39
Aggregate resources and liabilities 40
Distribution of shares of stock by , Statos and geographical divisions, and deposits, number
of depositors, and average amount duo oach 40
Aggregate resources, liabilities, and condition, from official sources 40
Aggregate resources, liabilities, and condition, from unofficial sources 41
Number, capital stock, surplus and undivided profits, and deposits, by Statos 43, 44
Distribution, nnmbor, and average par value of shares 45
INDEX.
371
Sect hit? fob circulating notes : Page.
Amount, iu classes, of United States bonds owned by the banks pledged for circulation and
publio deposits .. 73
Comparative statement of amount of bonds on deposit from 1882 to 1887, inclusive 73
Deposited by banks organized during past five years’ 75
Minimum amount of bonds required, amount deposited, excess, and percentage of excess 75
Amount of bonds withdrawn and transferred to securities held for publio deposits 76
Amount held, 1866 and 1887 93
Decrease in amount of bonds held by national banks 71
Decrease in amount of circulation 74
Increase of lawful money deposited to retire circulation _74
Bonds deposited by national banks organized during the year ending October 31, 1887 51
Minimum bonds required of banks organized in fiscal years from 1882 to 1887 66
Bonds actually deposited by such banks 66
Percentage of excess 66
Circulation issued 66
Changes in bonds 67
Inspection of bonds held in trust by the Treasurer of the United States 67
Validity of transfers 67
Amount 3 per cent, bonds issued, amount redeemed, and outstanding from July 12, 1882, to
October 31, 1887 : 69
Redemption of 3 per cent, bonds from July 12, 1882, to October 31, 1887 69
Changes in 3 per cent, bonds from August 1, 1886, to July 1, 1887, amount called, redeemed,
and voluntarily suri endeied 69
Interest-bearing bonds required 70
Opinion of Attorney-General 71
Amount of 3 per cent, bonds voluntarily surrendered for redemption and replacements in
other bonds 72
Amount of 4 and 45 per cent, bonds purchased for sinking-fund purposes, and amount with-
drawn from deposits to secure circulation by national banks 72
Semi-annual duty :
On circulation 107
Shareholders in national banks :
Number and par value of shares of stock 62
Assessment of shareholders 91
Protection to shareholders 92
State banks:
Official returns from 38
Number of banks 39
Aggregate capital 39
Surplus and undivided profits 39
Deposits 39
Unofficial returns from 39
Aggregate capital 39
Surplus and undivided profits 39
Deposits 39
Gold, silver, legal tenders, and national-bank notes held 39
Resources and liabilities 40
Distribution of shares of stock by States and geographical divisions 40
Aggregate resources, liabilities, and condition, from official sources 40
Aggregate resources, liabilities, and condition, from unofficial sources 4l
Number, capital stock, surplus and undivided profits, and deposits 42
Distribution, number, and average par value of shares of stock 45
Converted 57
Number of 57
Capital at date of conversion- 57
Present capital and surplus . ; 57
Number that have gone into vciuntary liquidation 57
Number that have become insolvent 5^
State taxation of national banks :
Discriminative taxation . . _ 108
Restraining statute 108
Restriction upon the States 109
Purpose of Congress 109
Recent decision of the Supreme Court of the United States 109
372
INDEX.
Suggestions as to amendments of national banking law. (See Amendments.) Page.
Summary of the state and condition of every national bank reporting during the
YEAR ENDING OCTOBER 31, 1887 2
Supervision :
Of national banks 90
Powers of Comptroller , 90
Examinations 90
Compensation 90
Tax on circulating notes 107
Total tax collected up to July 1, 1887 108
Taxation of national banks by States (see State taxation, etc.) 108
TABLES CONTAINED IN THE APPENDIX.
Contents of digest of national-bank cases 131
Digest 133
Digest of recent decisions in banking law 155
Propositions received from stated sources in relation to amendments to existing law by
which it is thought the national banking system may be improved 1G5
Estimated population in each State and Territory, aggregate capital, surplus, undivided profits,
and individual deposits of national and State banks, loan and trust companies, savings and
private banks, and per-capita averages 175
Number of banks organized, in liquidation, and in operation, with their capital, bonds on
deposit, and circulation issued, redeemed, and outstanding on October 31, 1887 176
National-bank currency issued, redeemed, and outstanding for the year ending October 31,
1887 177
Number and denominations of national-bank notes issued and redeemed and tho number of
each denomination outstanding on October 31 in each year from 1868 to 1887 178
Statement of monthly increase or decrease of national-bank circulation for the year ending Oc-
tober 31, 1887, and quarterly increase or deorease since January 14, 1875 180
Amount of national-bank circulation issued, the amount of lawful money deposited in the
United States Treasury to retire national-bank circulation from June 20, 1874, to Novem-
ber 1, 1887, and the amount remaining on deposit at tho latter dato 181
National-bank notes outstanding, amount of lawful money on deposit with Treasurer United
States to redeem national-bank notes, and amount of United States bonds on deposit to
secure cir culation 182
Number of banks in each State, Territory, and reserve city, with their capital, minimum amount
of bonds required by law, bonds actually held, and circulation outstanding October 5, 1887. 183
Number of banks in each State, Territory, and reserve city, with capital of $150,000 and under,
and those with capital exceeding $150,000, and amount of bonds deposited to secure circu-
lation, October 5, 1887 185
Number of banks in each State, Territory, and reserve city with capital of $250,000 and un-
der, amount of bonds on deposit to secure circulation October 5, 1887, amount required
by proposed code (page 20), and amount which might be withdrawn upon adoption of
code 187
Ditto as to banks with capital of over $250,000 189
National banks in voluntary liquidation under sections 5220 and 5221, Revised Statutes, dates
of liquidation, amount of capital, circulation issued and retired, and circulation outstand-
ing October 31, 1887 191
National banks in voluntary liquidation under sections 5220 and 5221, Rovisod Statutes, for the
purpose of organizing new associations with same or different title, date of liquidation,
amount of capital, circulation issued, retired, and outstanding October 31, 1887 200
National banks in liquidation under section 7, act July 12, 1882, with dato of expiration of
charter, circulation issued, retired, and outstanding October 31, 1887 202
National banks in liquidation under section 7, act July 12, 1882, with date of expiration of char-
ter, circulation issued, retired, and outstanding, succeeded by associations with the same
or different title, October 31, 1887 203
National banks placed in the hands of receivers, with capital, circulation issued, lawful
money deposited to redeem circulation, amount redeemed, and amount outstanding
October 31, 1887 204
Insolvent national banks, charter number, date of appointment of receiver, amount of capital
stock, claims proved, and rato of dividends paid to creditors 206
Insolvent national banks, with dates of failure, nominal assets, amounts collected, claims
proved, dividends paid, and dates of closing 210
INDEX. 373
Page.
Insolvent national banks, date of organization, failure and closing, amounts collected from all
sources, loans and disbursements, expenses of receivership, claims proved, dividends paid,
and remaining assets returned to stockholders 212
Liabilities of the national banks and reserve required and held at three dates in 1884, 1885,
1886, 1887 217
National banks by geographical divisions in reserve cities and central reserve cities, condi-
tion at various dates from 1882 to 1885, inclusive ; amount of reserve required, and amount
held, etc , 219
Average weekly deposits, circulation, and reserve of national banks in New York City by
months in years from 1881 to 1887 229
State of the lawful-money reserve at various dates from October 1, 1881, to October 5, 1887 230
State of the lawful-money reserve by cities, States, and Territories October 5, 1887 232
Earnings and dividends of national banks for semi-annual periods from September 1, 1886, to
September 1, 1887 234-240
Earnings and dividends of national banks by geographical divisions for semi-annual periods
from September 1, 1878, to September 1, 1887 242
National banks in reserve cities, ratios of dividends and earnings to capital and to capital and
surplus from March 1, 1883, to September 1, 1887 244
Classification of the loans and discounts of the national banks in the reserve cities and in the
States and Territories October 5, 1887 246
Clearings and balances of the banks in New York City by weeks ending at dates given 247
Abstract of reports of condition of State banks, loan and trust companies, savings, and private
banks, official and unofficial 249-294
Report of tho condition of the National Savings Bank of the District of Columbia October 5,
1887...: 295
Distribution by States, Territories, and geographical divisions, number and average par value
of shares of stock of State and savings banks and loan and trust companies June 30, 1887.. 296
Aggregate resources and liabilities of national banks from October, 1863, to October, 1887 299
Summary of the state and condition of -the national banks on dates of report during year end-
ing October 31, 1887 319
Condition of each national bank at close of business October 5, 1887 Yol.II
o
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